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

To: Fli-by who wrote (67789)	9/27/1998 11:39:00 AM
From: Dorine Essey	Respond to of 176387

Just flashed on my computer. Sorry if this has already been posted. We all like GREAT NEWS for DELL Dorine Dell sales push upward in Asia, Latin America By Reuters September 25, 1998 5:03 PM PT AUSTIN, Texas -- Dell Computer Corp. executives said Friday that strong demand for computers was pushing sales upward, even in economically-stricken areas such as Asia and Latin America. According to the executives, new technology and software is driving sales growth, which founder and Chairman Michael Dell said would average 17 percent growth in the next three years for the overall industry and much higher for Dell. Dell said, at a meeting with analysts, that he had seen no sign of weakness in Dell (Nasdaq:DELL) sales in Latin America, Asia and Japan, all areas that are experiencing economic turmoil. "Our business continues to be pretty good there," he said. Dell Vice Chairman Mort Topfer said business was so good in the troubled regions that the company was forging ahead with expansion plans in Latin America and China. "While other companies appear to be suffering under the economic downturn (in those regions) ... our business continues to flourish and we are excited about the prospects going forward," he said. "We continue to gain market share across the world. "The constant stream of technology that is delivered by the semiconductor world and by our friends in the software world is creating what we think is a very robust demand cycle -- We believe we (Dell) have the ability to grow at multiples to the market," he said. Selling 1.4 billion units by 2008 Dell, which sells directly to the consumer via telephone and the Internet, accounted for 40 percent of the computer industry's growth in the first half of the year, Dell said. After the analyst meeting, Dell told reporters he believes annual personal computer sales will go from the current 325 million units to 1.4 billion units in 10 years. A particular spur to sales will be the increasing availability of new, much faster ways to access the Internet, Dell said. For that reason, Dell said this week it would team with AT&T Corp. (NYSE:T), Excite Inc. (Nasdaq:XCIT) and SBC Communications Inc. (NYSE:SBC) to offer computers equipped with modems that can use high-speed lines. Dell, which sells directly to the consumer via telephone and the Internet, accounted for 40 percent of the computer industry's growth in the first half of the year, Dell said. Updated September 26, 1998 8:30 AM PT Intel, Netscape back Linux MS fights legal skirmishes CIH virus set to strike -- again ISPs brace for Georges Dell world sales push upward Firm smooths e-shopping Dell cut out of standard? FTC mulls broader Intel probe INVEST Dell Computer Corp. FREE NEWSLETTERS ZDNet's Daily News & Investing E-mail Alert! AnchorDesk's Berst Alert Hot Commentary Delivered Daily Inter@active Investor The Day Ahead Daily Market Preview Top SPONSORED LINKS COMDEX REGISTER NOW for best conference programs & VIP seating Software X10.com -- The SuperSite for Home