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

To: Mohan Marette who wrote (64653)	9/10/1998 10:37:00 AM
From: Tumbleweed	Respond to of 176387

Dell CFO Sees Component Prices Falling Thursday September 10 10:03 AM EDT Dell CFO Sees Component Prices Falling BOSTON (Reuters) - Dell Computer Corp. (DELL - news) Chief Financial Officer Tom Meredith said Wednesday that the personal computer distributor does not see firming component prices. ''We do not see any firming of pricing at Dell in the component front,'' Meredith said at the SG Cowen Fall Technology Conference in Boston. Meredith was responding to a question from SG Cowen analyst Richard Chu, who said there is a perception that component costs, such as monitors, memory and silicon, are not falling as fast as they once were. Meredith said capacity continues to be in excess of demand, forcing prices lower. Even in periods when demand met capacity, he said component prices continued to drop at the rate of 25 percent a year. Meredith, asked about sales growth in the Asia-Pacific region, said it will continue to be strong despite the economic crisis there, but he declined to be more specific. ''We still feel very strongly that the growth of Dell in terms of the back half of this year and beyond will be large,'' he said. Dell's revenues from Asia-Pacific grew 35 percent in the first quarter and 34 percent in the second quarter despite the slowdown, he said.