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

To: Mohan Marette who wrote (74685)	10/26/1998 5:17:00 PM
From: jhg_in_kc	Respond to of 176387

Bear Stearns Analyst Sees Increasing Demand For PCs--(up 20% RT) jhg NEW YORK (Dow Jones)--Third-quarter personal-computer sales grew at a rate brisker than indicated by official sources, according to Andrew Neff, senior managing director for Bear Stearns. According to Dataquest Inc., a technology research firm, third-quarter PC sales rose 13% from a year ago, CNBC said. But because leading computer-makers went through a period of inventory depletion last quarter, those sales figures were somewhat misleading, Neff told CNBC Monday. Both International Business Machines Corp. (IBM) and Compaq Computer Corp. (CPQ) reduced their inventories in the distribution channel during the quarter, he explained. The official sales growth figure measures PCS sold to distributors, but sales to consumers actually were better than 13%, Neff said. "If you look at consumption - a measure of how business is doing - it was higher," he said. Based on his firm's calculations, factoring in those inventory cut-backs, "unit growth was probably up 20%," Neff estimated. "We're seeing a steady trend upwards in terms of unit demand," he said, citing factors ranging from companies converting to Windows NT, "Web-enabling" their businesses, remedying year 2000 bugs, or just upgrading systems in efforts to become more productive. Along with IBM, Compaq and Apple Computer (AAPL), Neff singled out Dell Computer Corp. (DELL), which he likes because of its "unique way of selling their products." -By Scott Eden; 201-938-5173