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

To: freeus who wrote (31032)	2/25/1998 10:39:00 AM
From: Gabriel008	Respond to of 176387

ALL: here's briefing.com tech commentary for today re. DELL. Techs could only defy the law of gravity (what goes up must come down) for so long... Tuesday's broad-based but orderly declines served to work off some of the near-term excess built into the sector from the recent DELL/MSFT/INTC gains... If recent history is an accurate gauge, selling won't last beyond midday today... At which time investors will put money back to work on the long-side. After the close, Novell reported a gain of $0.04, two cents above estimates but $11 cents below year-ago levels... Bolstered cash/marketable securities to over $1 bln... Intuit posted a quarterly gain of $0.95 on a 3% drop in revenues... Results were in line with to one cent above estimates... Stock down 5/8 in after hours trading... For a full list of companies due to report earnings later this week/month, see Briefing's Earnings Calendar. Industry Briefs Computer Systems & Peripherals \| Networking \| Software \| Semiconductor \| Chip Equipment \| Telecom Equipment Computer Systems & Peripherals Brief: Tuesday was a day to take profits - even in Dell... Losers were led by Gateway (-2 1/8), Sun Microsystems (-1 3/4), Dell (-2 1/2), SCI Systems (-1 3/16) and Quantum (-1)... Dell down despite announcing that it plans to build its first plant in China... In recent years, China's computer market has been growing by an annual rate of 40%+... Plant expected to be finished by August '98... Apple Computer, stock with biggest y-t-d gain, bucked bearish trend and added 1/16.