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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (1897)	9/10/1998 9:04:00 PM
From: JRI	Read Replies (1) \| Respond to of 2578

Luke: Face it, your predictions of doom are doomed! 09/10 17:58 Dell <DELL.O> says Q3 "great" despite world's woes DALLAS, Sept 10 (Reuters) - Dell Computer Corp <DELL.O> Chairman Michael Dell said on Thursday his company was having a "great" third quarter in spite of economic and financial turmoil around the world. "The third quarter is going great and there is no change in our outlook from what we said at the end of the second quarter," Dell told reporters in Dallas, where he spoke at an economic forum. He did not give further details, but said he did not expect economic crisis in Asia and turmoil in the world's financial markets to drag down his company's growth. "It is true that some of these markets might be in a period of economic contraction, but that doesn't mean Dell can't grow even in that period," he said. Dell has consistently exceeded expectations for its growth and its founder and chief executive said Thursday he expected the company to continue to outpace the market and pick up market share from its competitors. He said the industry has shown annual percentage growth rates in the mid-teens and that those rates should continue for at least the next three to five years. "I don't think the personal computer industry is impervious to economic turmoil but I think companies and organizations are using computers as a way of getting ahead and driving productivity so in some senses this is not discretionary spending," he said. Dell also said consumer demand was being fuelled by the increasing popularity of the internet, a steady decline in the price of components and new technological advances. "When you get new features and functions, computing finds its way into places it has never been before: small and mid-sized business, emerging markets, countries that haven't had as much technology as they might have in the future," he said.