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

To: Rosemary who wrote (23545)	11/29/1997 8:03:00 PM
From: Lee	Read Replies (1) \| Respond to of 176387

Hi Rosemary, Venkie too. Happy turkey day news also! Don't know if this was posted earlier. Regards, Lee 11/27 07:13 Dell Europe<DELL.O> Q3 revenue up 45 pct y/y FRANKFURT, Nov 27 (Reuters) - Dell Europe, the European division of Dell Computer Corp <DELL.O>, reported record quarterly revenues of $700 million on Thursday, up 45 percent on the same period last year. Jan Gesmar-Larsen, president of Dell Europe, Middle East and Africa, said strong growth was expected to continue in the fourth quarter and into 1998. "We expect a successful 1998," he told a news conference. "We have only just started in a number of countries." Gesmar-Larsen said Dell managed to further increase its market share, with revenue growth in the three months to November 2 around 4.5 times faster than overall market growth. Europe contributed 22 percent to Dell's total revenue. Third-quarter growth was driven by a continued surge in server sales. Dell's server sales surged 202 percent, versus European market growth of around 36 percent. Desktop sales climbed 43.4 percent versus 15.2 percent for the region as a whole, but Dell's portable PC sales fell 23.5 percent compared with growth of 7.7 percent in the overall market. Hans-Juergen Mammitzsch, managing director of Germany's Dell Computer GmbH, said European performance was even better when seen in local currency terms. A firmer dollar versus last year's third quarter constrained growth in dollar terms. Dell was in fourth position in Europe in terms of revenue. Gesmar-Larsen said the company's main competitors were Hewlett-Packard <HWP.N> and Compaq <CPQ.N>. The market was seeing consolidation, he said, with the biggest players becoming even bigger. Gesmar-Larsen said market growth was expected to continue in 1998, fuelled by the declining cost of computing and the replacement cycle.