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: Gan who wrote (43503)	5/19/1998 6:23:00 PM
From: Jerry Miller	Read Replies (1) \| Respond to of 176387

Dell Q1 net jumps, but not enough to avert stock fall May 19, 1998 04:26 PM ROUND ROCK, Texas, May 19 (Reuters) - Dell Computer Corp. DELL said Tuesday it earned $305 million in its first quarter, up 54 percent from a year earlier on a 52 percent gain in sales. Dell, which sells computers by Internet, mail and telephone order, said it earned 44 cents a share, a 63 percent gain from the same period of 1997 and above the 42 cents expected by analysts surveyed by First Call Corp. But the company's stock slid $3.34 to $91.25 in after-hours trading. Revenues rose to $3.9 billion from $2.6 billion a year earlier. Revenue growth was strong across the board, outpacing market growth by three to six times in every geographic region where it operates. Revenue from Dell's Latitude and Inspiron notebook lines grew 87 percent over the prior-year period, while desktop computer revenues rose 40 percent. In the Americas, first-quarter revenue rose 50 percent to $2.6 billion, led by gains in consumer sales. Revenue from Europe grew 62 percent to more than $1 billion as Dell surpassed Hewlett-Packard Co. HWP as the third-ranked computer company in Europe, according to industry analysts. In the Asia-Pacific region, including Japan, Dell revenue rose 35 percent to $269 million while profits expanded, even as the overall PC market in the region declined by 7 percent. Dell said it believes the results rank it first among computer makers worldwide in profits, second in revenue and third in units shipped compared to other PC makers' latest quarterly results and industry analyst estimates. ((-- Eric Auchard, New York newsdesk, 212-859-1700)) REUTERS Following are Reuters Alerts related to this article: ALERT DELL COMPUTER Q1 AMERICAS REVS UP 50 PCT TO $2.6 BLN REUTERS ALERT DELL COMPUTER Q1 EUROPE REVS UP 62 PCT TO $1.0 BLN REUTERS ALERT DELL COMPUTER Q1 ASIA PACIFIC REVS UP 35 PCT TO $269 MLN REUTERS ALERT DELL COMPUTER Q1 GROSS MARGIN 22.3 PCT VS 21.6 PCT YEAR AGO REUTERS