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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (9340)	11/14/2002 5:25:39 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

Dell Posts Strong 3rd-Quarter Gains, Expects Big 4th-Quarter Growth A Wall Street Journal Online News Roundup Thursday November 14, 4:43 pm ET Dell Computer Corp.'s fiscal third-quarter earnings rose 31%, as the personal-computer maker continued to outpace rivals amid a tough market. Late Thursday, Dell posted net income of $561 million, or 21 cents a share, compared with $429 million, or 16 cents a share, a year earlier. Its results were in line with company estimates. Dell, which recently reclaimed the title of world's largest PC maker from Hewlett-Packard Co. (NYSE:HPQ - News) , last month said it expected to report earnings of 21 cents a share for the quarter ended Nov. 1. Revenue rose 22% to $9.14 billion from $7.47 billion. The Austin, Texas, company has been accelerating its PC market-share gains from rivals such as H-P and Gateway Inc. (NYSE:GTW - News) and increasing the still-small portion of its business from higher-profit servers and storage subsystems. Its PC business, which accounts for about 80% of revenue, also is benefiting from an increased preference for notebook computers. Dell said overall product shipments rose 28%, and revenue from so-called enterprise products -- servers, storage systems, network switches and workstations -- jumped 27%. Looking forward, Chairman and Chief Executive Michael Dell said fiscal fourth- quarter company shipments could increase 10% from the third quarter, or 23% from a year earlier. Revenue is expected to rise about 20% from a year ago to $9.7 billion, with earnings coming in at 23 cents a share, up 35% and the same as the mean estimate of analysts surveyed by Thomson First Call.