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

To: JakeStraw who wrote (175598)	7/12/2006 12:05:06 PM
From: kaka	Read Replies (1) \| Respond to of 176387

Dell Shares Down Again As UBS Cuts Estimates, Price Target DOW JONES NEWSWIRES Dell Inc. (DELL) shares fell 2.7% Wednesday after UBS analyst Benjamin Reitzes cut his fiscal second-quarter outlook and his stock price target, citing evidence that sales were slowing further amidst weakness in Europe and weaker demand in the corporate PC and servers markets. Reitzes now expects earnings for the quarter ending July of 31 cents a share and revenue of $14 billion, below his prior forecasts for earnings of 33 cents a share and revenue of $14.2 billion. Reitzes' new estimates are also below the average analyst estimates of 32 cents a share in earnings and $14.26 billion in sales, according to Thomson First Call. "We believe Dell continues to be impacted by competition and adverse mix shifts within the PC market," Reitzes said. He lowered his stock price target to $24 from $26. The stock, which has fallen in each of the last five sessions, recently lost 63 cents to $22.79. The stock traded as low as $22.72 Wednesday, its lowest level in about 3 1/2 years. -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com - 07/12/2006 \| 17:33 -