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

To: Venkie who wrote (59222)	8/18/1998 6:41:00 PM
From: Pices	Respond to of 176387

Motley Fool Report: Aug 18, 1998 (6:09 PM ET) - The Motley Fool Evening News PC maker and direct seller Dell Computer (Nasdaq:DELL - news) slipped $1 to $109 9/16 in advance of reporting second quarter earnings after trading in positive territory for most of the day. After the bell, Dell announced that Q2 EPS increased 72% to $0.50 from $0.30 last year and topped the analysts' mean estimate of $0.46. Net earnings rose to $346 million, up 62% from $214 million a year ago, while revenues grew 54% to $4.33 billion. Chairman and CEO Michael Dell said the company grew at more than six times the industry rate, as it was able to take advantage of falling component costs and pass the savings on to customers. The company's return on invested capital (ROIC) was an impressive 217%, and it is operating with eight days of inventory on hand, meaning it turns over its inventory 46 times a year. The Round Rock, Texas-based company also announced a 2-for-1 stock split, the sixth split in as many years, payable Sept. 4. During the quarter, Dell bought back 11 million more shares.