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

To: Rif Kamil, M.D who wrote (69563)	10/6/1998 12:47:00 PM
From: KM	Respond to of 176387

I don't consider it crazy, either. I've been trading the OEX short for weeks, very profitably. Planning to do it again soon. BTW, see you're in Toronto. I have a condo there and a lot of family. Great city.

To: Rif Kamil, M.D who wrote (69563)	10/6/1998 12:55:00 PM
From: Dorine Essey	Respond to of 176387

Dell Computer Corporation's Ratings Raised to 'BBB+' by S&P October 6, 1998 12:38 PM NEW YORK, Oct. 6 /PRNewswire/ -- Standard & Poor's today raised its senior debt and corporate credit ratings on Dell Computer Corp. to triple-'B'-plus from triple-'B'. The outlook has been revised to stable from positive. The upgrade reflects Dell's improved market position, expanded product line and strong financial profile. Austin, Texas-based Dell pioneered the direct model of build-to-order sales, service and support of PC systems to end users. Strong revenue growth is expected to continue, based on underlying industry growth and Dell's expanding market position in more profitable PC server and workstation products. A low-cost manufacturing model and efficient asset management should enable Dell to maintain operating margins (before depreciation and amortization) at about 11%. Strong working capital management and moderate capital requirements have benefited free operating cash flow, despite high growth rates. Moderate debt levels (including capitalized operating leases) and cash balances in excess of $2 billion contribute to Dell's strong financial profile. Additional financial flexibility is provided by a $250 million unutilized credit facility. OUTLOOK: STABLE Highly competitive industry conditions limit the potential for ratings improvement, while Dell's expanded market position and strong financial profile provide downside protection, Standard & Poor's said. -- CreditWire SOURCE Standard & Poor's CreditWire