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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (172365)	2/7/2003 2:47:15 PM
From: kaka	Respond to of 176387

NEW YORK (CBS.MW) -- Dell shares are falling and Andy Neff thinks that's a good thing. The PC maker is scheduled to report is fourth-quarter earnings Thursday, and the Bear Stearns analyst is recommending that investors use anxiety ahead of the report as a buying opportunity. "Dell tends to gain share in this environment," Neff wrote in a research note. "One has to keep in mind that Dell has grown its revenues through 2002 in a tough market. Weaker industry demand conditions and the resultant downward pressure on component prices are a positive for Dell." Neff, who rates Dell an "outperform," believes management could be cautious on the conference call that accompanies earnings, possibly lowering its outlook to levels below current Wall Street expectations. But Neff said he remains confident in his below-consensus forecast for earnings of 22 cents a share for the first quarter of fiscal 2004. The consensus estimate of analysts surveyed by Thomson First Call is for earnings of 23 cents a share for the period. Valuation isn't an issue for Neff. He says the stock's valuation is reasonable relative to other premium tech companies, and thinks Dell is well positioned to grow from the strength of its model and gains in market share. Dell (DELL: news, chart) shares were off 69 cents, or 2.9 percent, to $23.33 in afternoon trade.

To: Jack Hartmann who wrote (172365)	2/7/2003 9:13:21 PM
From: Jack Hartmann	Read Replies (1) \| Respond to of 176387

Server sales continue to rally By Ian Fried Staff Writer, CNET News.com February 7, 2003, 4:21 PM PT news.com.com Server sales climbed 5 percent in last year's fourth quarter compared with a year earlier, according to statistics released Friday by market researcher Gartner Dataquest. Fourth-quarter sales of $4.47 billion marked an 11 percent increase from the third quarter and a 5 percent increase from the fourth quarter of 2001. Servers are heavy-duty computers built to process or store data on computer networks. The top four server sellers--IBM, Hewlett-Packard, Sun Microsystems and Dell Computer--stayed in the same positions from a year ago, although Sun lost 6.8 percentage points of market share, while Dell, HP and IBM all posted market share gains from a year earlier. IBM had $1.45 billion in fourth-quarter revenue, up 7 percent from a year ago and 10 percent from the prior quarter. HP had $1.12 billion in revenue, up 11 percent from a year earlier and 23 percent from the third quarter. Sun's server revenue was $677 million, off 27 percent from a year earlier and 3 percent sequentially, while Dell had $531 million, up 37 percent from the fourth quarter of 2001 and 7 percent from the third quarter. Other vendors accounted for $695 million in server sales, up 20 percent from a year ago and 12 percent from the third quarter. Last month, Gartner released server data on unit shipments, which showed HP the leader for all of 2002 in terms of units shipped with a 30 percent share, followed by Dell with 19 percent of the market. Gartner has also predicted that revenue from less-expensive Intel servers will surpass revenue from high-end Unix-based servers for the first time in 2003. "The performance of the worldwide server market continues the growth pattern which began in the first quarter of 2002, suggesting that server shipments for the worldwide market may be stabilizing, but not showing signs of dramatic growth due to continued economic pressure in a number of regions," Gartner server analyst Shahin Naftchi said in a statement last month Jack