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

To: JRI who wrote (73214)	10/20/1998 6:22:00 PM
From: Dell-icious	Read Replies (2) \| Respond to of 176387

Dell falls as analyst sees hints of tech softness Reuters, Tuesday, October 20, 1998 at 17:54 NEW YORK, Oct 20 (Reuters) - Cautionary comments on the overall outlook for information technology spending by an analyst at investment firm Piper Jaffray sent shares of Dell Computer Corp (NASDAQ:DELL) lower in afternoon trading on Tuesday. Traders cited comments from Piper Jaffray analyst Ashok Kumar as triggering heavy late selling in Dell. A representative in Kumar's office, however, said the analyst made only broad comments about the industry and left unchanged his investment guidance and earnings estimates on Dell. "(Kumar) did make a macro-call on IT spending and that we are getting indications of weakness in the IT spending cycle," said Paul Mansky, Kumar's assistance at Piper Jaffray. For its part, Dell Computer, which has posted the strongest and steadiest growth among personal computer makers, said after Tuesday's close that it sees no weakness in its market and that demand for computers remained strong. Dell shares ended the session down 3-15/16 to 53-5/16 on volume of 39.3 million shares. Copyright 1998, Reuters News Service

To: JRI who wrote (73214)	10/20/1998 6:24:00 PM
From: Dell-icious	Respond to of 176387

Dell (NASDAQ:DELL) says computer demand is strong Reuters, Tuesday, October 20, 1998 at 18:07 ROUND ROCK, Texas, Oct 20 (Reuters) - Demand for personal computers is strong and is expected to stay that way, a Dell Computer Corp. spokesman said Tuesday. "The environment is the same as the one we characterized at our analyst meeting (on Sept. 25) -- industry demand is solid and we expect it will continue that way into the foreseeable future," Dell spokesman T.R. Reed told Reuters. He said the company sees industry-wide demand growing around 15 percent annually in the coming years, with Dell growing faster because of its direct sales model. Dell shares fell 3 15/16 to 53 5/16 on Tuesday, apparently on rumors that an analyst at Piper Jaffray had downgraded Dell stock. Reed said the company knew of neither a reason for the decline nor a change in any analyst's recommendation. A spokesman at Piper Jaffray said the ratings and earnings estimates for Dell were unchanged, but that there were signs of weaknesses in technology spending. Copyright 1998, Reuters News Service