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

To: kemble s. matter who wrote (173967)	3/2/2004 7:37:37 PM
From: William F. Wager, Jr.	Respond to of 176387

OT...Mayor faces charges for marrying gays BY ANDREW METZ AND SUMATHI REDDY ALBANY BUREAU March 2, 2004, 4:54 PM EST Four days after presiding over a slew of same sex marriages in his quaint Hudson Valley village, the mayor of New Paltz today was charged with 19 violations of New York's domestic relations law, injecting the debate over gay marriages in the state with increasing drama and urgency. Jason West, 26-year-old Green Party mayor, was ordered to appear in court Wednesday to answer charges that he broke state law by solomizing about two dozen weddings without a marriage license, according to New Paltz police and West's lawyer. Chief Raymond Zappone said he and a lieutenant from the town police served a 19-count summons to West Tuesday afternoon and that the mayor faces up a $500 fine and a year in jail for his actions which have attracted international attention and brought the fight over gay marriages squarely into New York. The actions come as West is planning to hold more ceremonies this weekend and with other officials around the state considering similar actions. It also coincides with increasing pressure on State Attorney General Eliot Spitzer, who last week refused a call by the governor to prevent and nullify the marriages, to step in and issue some clarifying words on the complex legal issues at play. Copyright © 2004, Newsday, Inc. newsday.com

To: kemble s. matter who wrote (173967)	3/4/2004 11:28:29 AM
From: SecularBull	Read Replies (3) \| Respond to of 176387

Dell to cede CEO role to Rollins in July (DELL) By Michael Baron NEW YORK (CBS.MW) -- Dell Computer (DELL) said Kevin Rollins will replace founder Michael Dell as chief executive officer at the company's annual meeting on July 16. Rollins currently serves as president and chief operating officer of the Round Rock, Texas personal computer seller. Rollins will retain the president post, and be nominated for inclusion on the company's board. The company said Dell will "remain deeply involved" in its day-to-day business as chairman. The stock slipped 12 cents to $33.01 in late morning action.

To: kemble s. matter who wrote (173967)	3/4/2004 7:41:16 PM
From: stockman_scott	Read Replies (1) \| Respond to of 176387

Michael Dell is stepping aside as chief executive of DELL ___________________________________ Mar 4 2004 6:59PM DALLAS (AP) - Michael Dell is stepping aside as chief executive of the computer company he started in his college dorm room 20 years ago and built into a powerhouse whose low-cost, direct-selling model revolutionized the industry. Dell, 39, will be replaced by president and chief operating officer Kevin Rollins in July, Dell Inc. announced Thursday. However, Michael Dell will remain involved in day-to-day business as chairman. The selection of Rollins as the successor was not a surprise. He was seen as Dell's right-hand man as the company grew to become the world's leading seller of personal computers. The two men work side by side in offices separated by a sliding glass door that is left open. The timing, however, caught analysts off guard. Dell, who became one of the richest men in America as his company grew, had given no strong signals that he would step away from the CEO's duties. The board of directors, meeting in New York, named the 51-year-old Rollins CEO effective at the annual shareholder meeting July 16. Rollins also will be nominated at the July meeting to replace a retired company executive on the board. The company cast the change as cementing the roles the two men have played recently: Dell concentrating on new technology and ways to meet customers' demands, and Rollins focusing on strategy and operations. Dell Inc., based in Round Rock, Texas, jousts with Hewlett-Packard Co. for the title of world's top seller of PCs. Dell earned $2.65 billion on sales of $41.44 billion last year. Last month the company reported that fourth-quarter earnings rose 24 percent from a year earlier, and Dell and Rollins gave an upbeat assessment of first-quarter sales. The company has ground out one successful quarter after another, usually surpassing Wall Street's expectations even during the technology bust. Along the way, the company has expanded from its core PC business to include servers, handheld devices, printers and technology services. Dell has earned a reputation for squeezing suppliers to hold down costs. The chief characteristic that has made Dell different, however, has been its direct-selling model, cutting out the middle step of retail stores. The company was generally seen as responsible - and even took some credit - for PC price wars of the last few years that decimated profits at many of Dell's rivals. ``They are alone when it comes to being able to generate profits in the PC industry. They have no equal,'' said Marty Shagrin, an analyst with Victory Capital Management. He said Dell has set much higher targets for operating profit margins than competitors - and met them. In a story that has taken on near-mythic status in business circles, Dell, with a $1,000 bankroll, started selling computers as a 19-year-old student at the University of Texas in Austin. He dropped out of school in 1984 to concentrate on the business. Today, Dell Inc.'s market capitalization is about $85 billion; Dell himself owns about 12 percent of its shares. Forbes magazine recently placed Dell 18th on its annual list of wealthiest Americans, with a fortune estimated at $13 billion. Dell has four children, and he and his wife run the Michael and Susan Dell Foundation, which funds programs for children. Rollins joined Dell in 1996 from the management-consulting firm Bain & Co., where he worked on direct-sales models. He is married and has four grown children. Rollins has avoided the spotlight during most of his tenure at Dell. He spends much of his time dealing with customers and employees and has played a role in the company's expansion from PCs into other devices. Rollins, like Dell, says he accepts nothing less than success, even when the economy or technology sector is down. ``Managers are paid to do well and to fix things, not only grow when the industry grows. I mean, any dope can do that,'' Rollins said in an interview with The Associated Press last year. ``You've got to figure out how to perform and find your strategies in tough times and good times.'' Analysts said Rollins had taken on more responsibilities over the past few years and was the obvious choice to succeed Dell. ``Michael Dell and Kevin Rollins have been running this company for several years, and they're still running the company,'' said Robert Cihra, an analyst with Fulcrum Global Partners. ``I don't expect anything to change.'' Richard Chu, an analyst at SG Cowen, said elevating Rollins to CEO could head off another company trying to lure him away from Dell. He also played down the significance of the change in CEOs. ``Don't assume Michael Dell will play a lesser role,'' Chu said. ``Michael Dell's input from day one to now has been pervasive.'' Dell shares were unchanged in trading Thursday on the Nasdaq Stock Market. On the Net: dell.com