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

To: Lee who wrote (51903)	7/17/1998 2:16:00 PM
From: K. M. Strickler	Read Replies (1) \| Respond to of 176387

Lee, I'm surprised that you missed CMGI! I did diversify into 10 stocks, and then re-consolidated into DELL. I am still tracking the 'other portfolio' and the DELL - alone - is outperforming the diversified portfolio. I still think of the question posed to Peter Lynch as to how many stocks it takes to be a millionaire, and he replied "ONE". Diversification can apparently limit capital appreciation. Regards, Ken

To: Lee who wrote (51903)	7/17/1998 3:23:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

Excerpts from the Annual Shareholders Meeting. Lee and everyone: Here is an excerpt from the annual meeting for those who have not seen it yet. Highlights. 1)Internet Sales up to 6 million dollars a day [from 1 billion a year ago] in the U.S 2)European sales projected to be up around +40 % [from 4.3 billion last year to over 6 billion dollars] 3)European Internet sales improved substantially to 1 million dollars a day. 4)Shareholders approved the proposal to increase authorized shares from 1 billion to 3 billion shares. 5)China plant to be fully operational by year end. 6)Aggressive overseas expansion into China and South America. -------------------------------------------------------------------- Friday July 17, 1:44 pm Eastern Time Dell Internet, overseas sales up 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. 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.