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

To: ratan lal who wrote (78595)	11/12/1998 11:47:00 AM
From: PAL	Read Replies (2) \| Respond to of 176387

M Dell did not specifically give an earnings estimate for Q3 but throught the quarter has been saying that the business is robust and growing in all areas. I am sure he will say something about Kodak tomorrow. None of the competitors has an agreement with Kodak (yet?).

To: ratan lal who wrote (78595)	11/12/1998 12:15:00 PM
From: stock bull	Read Replies (1) \| Respond to of 176387

Ratan and ALL: Here's another view point... NEW YORK -(Dow Jones)- Wall Street is expecting Dell Computer Corp. to top analysts' estimates for earnings of 27 cents a share when the personal-computer reseller releases results Thursday. A year ago, Dell earned 18 cents a share, adjusted for a stock split. "I think they're going to beat consensus by at least a couple of pennies," said Richard Gardner, an analyst at Salomon Smith Barney. "I think they had a good quarter and took a lot of market share." Not all the commentary ahead of Dell's report has been rosy, though. Ashok Kumar, an analyst at Piper Jaffray Inc. and a longtime Dell bull, issued a report earlier this week saying the company's growth likely slowed in the third quarter. He still anticipates the company will beat official forecasts, though, with an estimate of 28 cents ashare. A few months back, Dell's (DELL) chairman and chief executive Michael Dell issued a bullish outlook for both his company and the PC industry as a whole, saying Dell is targeting annual growth of 50%. With a 9% share of the market, the world's top direct-seller of computers has plenty of headroom to grow and plans to take advantage of that, he said. Dell had said the PC market will continue to grow by an average of 17% annually over the next three years as high-speed cable Internet access becomes a reality for more home computer users. Some industry watchers think this will drive computer prices down, since the Internet, not the PC itself, is what consumers would actually want. But Dell counters that users would want more robust machines as their on-ramps to the Internet. And even if if the PC market were to slow down, his company and its top three competitors would still see strong growth as users continue to migrate to a few well-known brands, he said. The executive mentioned Compaq Computer Corp. (CPQ), Hewlett-Packard Co. (HWP) and International Business Machines Corp. (IBM) as the other companies that are growing faster than the rest of the market. Dell, meanwhile, hopes to generate half of its overall sales over the Internet by the end of the decade. The company posted total revenue of $12.33 billion for the fiscal year ended Feb. 1. It now gets $6 million a day in Internet sales, mainly from small businesses and consumers. The company is developing programs that will encourage larger companies to place more orders on-line. Last quarter, Dell posted sensational results and announced its fourth stock split in two years. Even as its competitors struggled, Dell, which is noted for efficient production and low prices, reported a stronger-than-expected 62% profit surge for the second quarter. The results continued the tremendous sales and profit growth that have pushed Dell's stock to lofty levels. Dell, whose direct-sales method requires little inventory, has capitalized on the falling prices of PC components such as chips and disk drives. The company has attributed the decline in average selling prices for PCs to lower prices for those parts. Most PC makers have had to sell many more computers to make up for sharply lower average prices. Copyright (c) 1998 Dow Jones & Company, Inc. Stock Bull