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To: Burt Masnick who wrote (51222)	3/25/1998 1:04:00 PM
From: Paul Engel	Read Replies (3) \| Respond to of 186894

Burt - Re: " Quarter after quarter of excuses. Oil prices up. Oil prices down. Special circumstances. Hostile regulatory environment. Every quarter different excuse and always somebody else's fault. Does this sound at all familiar? " Let me guess - Jerry Jive? Paul

To: Burt Masnick who wrote (51222)	3/25/1998 1:29:00 PM
From: Burt Masnick	Respond to of 186894

Dell announcement. And what processors do they sell exclusively? Dell Sees More Growth, No Price War Impact By Kevin Morrison SYDNEY (Reuters) - Personal computer maker Dell Computer said today it has been unaffected by a PC price war in the United States and expects its strong sales growth to continue through 1998. Dell vice-chairman Mort Topfer also said the group's growth rate justified its high price to earnings multiples and that it was still recording strong sales in Asia, despite the currency turmoil in some Asian countries. A string of Wall Street analysts recently cut their rating on Dell after an earnings warning by competitor Compaq Computer. Dell shares have quadrupled over the past year, making it one of the biggest outperformers among listed PC makers. "It is a valuation issue...but we believe if we continue to perform the way that we have been performing then that multiple is very reasonable," Topfer told Reuters before giving a press conference in Sydney during a short visit to Australia. "We continue to see strong momentum, nothing has really changed from our fourth quarter outlook," Topfer said. Dell last month reported an increase in sales to $12.3 billion in the year to February 1, 1998, compared with $7.8 billion a year earlier. Topfer said analysts were forecasting Dell's sales to reach $17.5 billion in the year to end-January 1999. "We don't like to forecast the future, but we see that we have an ability to grow at two to three times the market growth, " Topfer said. "We expect to achieve sequential growth, which on a year to year basis, will probably be in the 40 to 50 percent range."