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

To: D.J.Smyth who wrote (51885)	7/17/1998 1:35:00 PM
From: Jerry Miller	Respond to of 176387

Dell Internet, overseas sales up July 17, 1998 10:49 AM In AUSTIN story headlined "Dell DELL says Internet, overseas sales up," please read in first paragraph ...Dell Computer Corp. Chief Executive Michael Dell... (inserts dropped words "Chief Executive") A corrected repetition follows. AUSTIN, Texas, July 17 (Reuters) - Dell Computer Corp. Chief Executive Michael Dell said on Friday that the company's sales through the Internet had risen to $6 million a day. He also said he expected overall sales outside the United States to rise to $6 billion this year. "A year ago our sales on the Internet were about $1 million a day. We are now selling about $6 million a day on the Internet," Dell said at the annual shareholders meeting here. "And this is not just a U.S. phenomenon. Our business in Europe is selling about $1 million a day," he said. Dell also said the company continued to grow its overall overseas business and was expanding into new areas, such as China and South America. "Last year our sales (outside the U.S.) were $4.3 billion. This year we believe it will be over $6 billion," he said. "We believe these (overseas) markets have tremendous potential for future growth." Dell Computer had total revenues of $12.3 billion last year. Dell was greeted by a standing ovation from shareholders who have seen the value of their stock soar. He said shareholders had enjoyed a 2,600 percent return on their investment in the last three years, "which positions Dell as the number-one performing stock among the 100 largest publicly trading company over the past one year, three years, five years and 10 years." The happy shareholders approved by a wide margin a management proposal to increase the number of authorized shares of Dell common stock from 1 billion to 3 billion, Dell said. Dell also said the company had bought back 10 million shares in the first quarter, bringing the total number repurchased in the last two years to 160 million. The company has about 633 million shares outstanding, according to Standard & Poor's. REUTERS

To: D.J.Smyth who wrote (51885)	7/17/1998 1:43:00 PM
From: zalesky	Read Replies (2) \| Respond to of 176387

To all: With the current oustanding shares at approximately 700 million, why would Dell ask for an increase to 3 Billion??? If they again split 2 for 1 this would leave a ton of shares (about 1.6 Billion) left in the kitty. Sounds like Big Mike is going shopping!! Could UIS be on his shopping list??? If not what other service companies might meld well with Dell????