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

To: Sam Citron who wrote (9379)	4/7/2004 6:06:53 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Dell Raises Revenue Outlook by $200 Mln Wednesday April 7, 5:49 pm ET SAN FRANCISCO (Reuters) - No. 2 personal computer maker Dell Inc. (NasdaqNM:DELL - News) on Wednesday raised the revenue forecast for its current quarter by $200 million on strong demand in overseas markets including China yet left its earnings per share forecast unchanged. Shares of Dell rose nearly 3 percent in after-hours trading. The news also pulled up shares of chipmaker Intel Corp. (NasdaqNM:INTC - News), which sells its microprocessors to Dell. Shares of Intel, which reports results on April 13, rose 2 percent. Dell, which credited the higher revenue forecast to strong growth in markets such as China and elsewhere outside the United States, also said it will nearly double the amount of its shares it's buying back in the first quarter, to about $1.1 billion from an earlier plan of $600 million. Round Rock, Texas-based Dell, which will meet with analysts in Austin on Thursday morning, said that it expects earnings in the fiscal first quarter ending April 30 of 28 cents per share on revenue of $11.4 billion. In February, Dell told analysts to expect earnings of 28 cents per share and revenue of $11.2 billion, which remains roughly in line with analyst expectations, according to Reuters Research, a unit of Reuters Group PLC. Dell has been fighting for PC market share with No. 1 personal computer maker Hewlett-Packard Co. (NYSE:HPQ - News). It also faces off against HP with its printer products as well as its computer servers and data storage systems. Other competitors include International Business Machines Corp. (NYSE:IBM - News) and Gateway Inc. (NYSE:GTW - News). Dell shares rose to $35.75 in after-hours trade. During the regular session, the stock climbed 13 cents to close at $34.82. Shares of Intel climbed to $28.21 after-hours, from a regular close of $27.62 on Nasdaq, where the stock fell 2.3 percent in regular trade.