Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sig who wrote (28195)	1/22/1998 9:29:00 AM
From: Patrick E.McDaniel	Read Replies (1) \| Respond to of 176387

Sig, more jobs than the earlier report! DUBLIN, Jan 22 (Reuters) - U.S. computer giant Dell Computers Corp announced on Thursday that it will invest 180 million Irish pounds ($248.6 million) creating more than 3,000 jobs in a major expansion plan in Ireland. "This investment will provide a great boost for young people in second and third level education and their employment prospects in their own areas," Ireland's prime minister Bertie Ahern said. The investment was the largest single job-creation project in the history of the state and would be a big employment boost for the whole-mid-west region of Ireland, Ahern said in a statement. Some 400 of the new jobs would be created in Bray, south of Dublin, and the rest would be located over the next three years in its European headquarters in Limerick on the western seaboard, the statement said. Dell currently employs 1,400 people in Ireland, most of them in Limerick where it builds personal computers to customer order and distributes them direct. Part of the company's success has been attributed to this elimination of the middle-man in the retail chain. Part of the $180 million investment would be used to buy a new 31,500 square metre (340,000 sq.feet) facility which Dell would refit to suit its build-to-order manufacturing philosophy, the statement said. The company also planned to buy its Bray property currently being used as the Irish sales office, and a further 27,870 square metre (300,000 sq.ft) site near its main European manufacturing facility in Raheen, north Dublin. The announcement comes little over a month after another U.S. computer firm Seagate Technology Inc <SEG.N> shocked the government and the business community when it announced it would close one of its Irish plants at a cost of 1,400 jobs. Irish deputy prime minister Mary Harney said it was a tribute to Dell staff in Ireland and IDA Ireland, the state agency tasked with attracting overseas investment to the country. "Today's investment could have gone to any location in Europe," she said, and thanked the EU for the help of structural funds for grants for employment and training.