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

To: kemble s. matter who wrote (42920)	5/18/1998 2:01:00 PM
From: Christian Horner	Read Replies (1) \| Respond to of 176387

Kemble, Looks like you made the right call by buying more this morning. Not that we need anymore good news, but I liked everything about this article, especially the 'blow away estimates' prediction: 05/18 11:43 Dell Computer <DELL.O> rises ahead of earnings NEW YORK, May 18 (Reuters) - Dell Computer Corp. rose in brisk trading on Monday, a day before the computer maker announces earnings. Dell was the most actively traded stock on the Nasdaq; it was up 2-1/16 at 92-1/16, but off the day's high at 94-1/2. Almost 12 million shares had changed hands by late morning. The stock bucked the trend on the Nasdaq, which was down 10 points at 1836 amid a slide in Microsoft Corp. <MSFT.O>, due to the collapse over the weekend of antitrust settlement talks with the government. First Call forecasts that Dell will earn $0.42 per share in the first quarter of its January 1999 year. The quarter ended April 30. Dell said it will report earnings after the close on Tuesday. Chuck Hill, First Call's director of research, said Dell has beaten Wall Street earnings estimates by an average of three cents per share in the past eight quarters. Such a consistent pattern of beating estimates would give rise to a "whisper" earnings estimate of about $0.45 per share, Hill said. "If enough people are looking at this pattern and expect $0.45 per share, then there is room for disappointment, if it just meets the official estimates or falls below the whisper," Hill said. Conley Turner of Wall Street Strategies, an independent research firm, said, "I really do expect they (Dell) will blow away the estimates tomorrow, and that should provide a lift for the overall market." "If they were going to have a bad quarter, they would have pre-announced by now," Turner said.