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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (6087)	5/15/2003 5:44:04 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Dell CFO: Mkt Has Stabilized But No Major Recovery Thursday May 15, 5:28 pm ET By Mark Boslet, Of DOW JONES NEWSWIRES PALO ALTO, Calif. (Dow Jones)--Dell Computer Corp. has seen the computer market stabilize, but doesn't see a signs of a significant recovery, Chief Financial Officer James Schneider said. "I think things have stabilized," Schneider told journalists on a conference call following the release of first-quarter results. "We don't see any significant recovery." He said over the past three quarters, Dell has seen modest year-over-year growth in its business. But the company doesn't expect to see a significant improvement in market conditions soon, he said. Dell said growth during the first quarter was greater abroad than in the U.S. The company's sales abroad benefitted from the strong dollar. Dell said as well that it has received a letter from SCO Group (NasdaqSC:SCOX - News) alerting it to that company's lawsuit against International Business Machines Corp. (NYSE:IBM - News) and its claims that the freely distributed software Linux violates SCO's intellectual property. Dell shares were off 1.6%, or 52 cents, in late trading at $31.66.