re: dell, intc, msft... sybs. sonny, dell is not + for the day, it's -tive. anyway looks like M.Dell said the magicword "internet" !
Now only if intel can learn to say the same. Intelnet? would be good nuf.
Personal computers had strong unit growth in the 1Q, despite pockets of big
inventory buildup by some PC makers and declines in parts of Asia-Pacific and
Japan, two market research firms said. According to preliminary 1Q data compiled
by Dataquest Inc., a market research firm based in San Jose, Calif., worldwide PC
shipments rose 14.1% to over 21 million units, in line with its expectations.
COMPAQ COMPUTER CORP remained in the No. 1 spot according to both
Dataquest and IDC., with DELL COMPUTER CORP as the No. 2 vendor of PCs
worldwide. According to IDC, GATEWAY 2000 INC was the third largest vendor.
(Reuters 12:01 AM ET 04/27/98) For the full text story, see full story
Dell Computer Corp (DELL)
DELL COMPUTER CORP expects to make more than half its sales through the
Internet in the next few years, chairman Michael Dell said. "Our objective is to
make, over the next few years, more than half our sales on the ****Internet ** and to
migrate our customers from physical orders to electronic ordering," Dell said in an
interview with financial daily Les Echos. The process would start with the mass
market, move to small companies and then go to large firms, he said. "Internet
constitutes for us the absolute model for direct sales," he said. It allowed reduction
of costs and made it easier to do business with Dell, he added. The company was
currently making $5 million per day in Internet sales, of which $1 million came from
Europe. (Reuters 02:19 AM ET 04/27/98) For the full text story, see full story
Dell Computer Corp (DELL)
Personal computer sales in western Europe jumped 21.1% in the 1Q of 1998 as
prices plunged, British technology research company CONTEXT said. COMPAQ
COMPUTER CORP strengthened its position as market leader, adding nearly a
percentage point for its 14.8% market share, CONTEXT said. IBM's second place
accounted for 8.3% of the market, followed by DELL COMPUTER CORP's
7.8%, HEWLETT PACKARD CO's 7.6% and Siemens' 5.6%. (Reuters 10:57
AM ET 04/27/98) For the full text story, see full story
Intel Corporation (INTC)
Late Friday, the CEO of INTEL CORP said the U.S. government faces an "ugly"
situation if it does not step up its effforts to correct the year 2000 programming
error in its agencies' computers. Andrew Grove told the Washington Post that
Congress should convene weekly hearings with each branch of government to
discuss how they are attacking the problem. Experts say industries and
governments across the world, increasingly reliant on computers, are threatened by
chaos at midnight, December 31, 1999, as computers will crash because they are
unable to recognize the year 2000. Intel is spending about 20% of its information
technology budget on correcting year 2000 problems, Grove told the paper.
(Reuters 12:41 AM ET 04/25/98) For the full text story, see full story
Intel Corporation (INTC)
Piper Jaffray said it raised its rating on shares of COMPAQ COMPUTER CORP
to buy from neutral, with a $40 per share price target. Order activity by Compaq at
Intel for 3Q delivery has picked up, analyst Ashok Kumar said. "We believe that
Compaq's bookings with Intel have picked up substantially for the 3Q," Kumar said.
"Our current indications are that they could improve by about 12% to 14%
sequentially." Average unit prices are expected to recover in the second half from
the artificially depressed levels in the first half, Kumar said. (Reuters 12:32 PM ET
04/27/98)
Microsoft Corporation (MSFT)
Oracle Corporation (ORCL)
Gruntal & Co. said it suspended research coverage of SYBASE INC and
recommended investors liquidate their holdings. Says in report believes Sybase will
have "difficult time" growing its core database business and that a re-sizing of the
company is due. Says company has seen shrinking opportunity as a result of
top-down competition from ORACLE CORP and increasingly tougher bottom-up
competition from MICROSOFT CORP. Doubts company's analyst meeting on
May 4 will satisfy investors. (Reuters 11:41 AM ET 04/27/98)
Dow Jones 30 Industrials (.INDU)
MARKET NEWS: Wall Street stocks tumbled on Monday as investors ran for
cover, fearing a Federal Reserve increase in short-term rates next month. The
Dow Jones Industrial Average closed down 147 points, or 1.62%, at 8918, after
easing off the day's low of 8840. The bellwether 30-year Treasury bond was down
1-18/32, pushing the yield up to 6.06%. The sell-off was triggered by a Wall Street
Journal article that said the Fed had moved from a neutral stance to a tightening
bias on rates at its March 31 meeting. Analysts said the leak was deliberate to
spook bonds and cool stocks because it would be difficult to actually raise rates
with U.S. inflation tame and Asia is still suffering. The broad market S&P500 index
fell 21 points to 1087. On the NYSE, declining issues trounced advances by 3 to 28
on volume of 690 million shares. The Nasdaq ended off 49 points, or 2.60%, at
1820. For the full text story, see fu! ll story |
