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

To: Dell-icious who wrote (79486)	11/12/1998 11:07:00 PM
From: brian z	Read Replies (1) \| Respond to of 176387

From The Market Report Dell Computer Corp. (DELL) profits jumped 55 percent to $384 million, beating Wall Street estimates by a penny on strong growth in all its customer segments and in all regions, including Asia. Earnings were 28 cents a share, up from 17 cents a year ago. Quarterly revenue for Dell, which sells computers via the Internet, through the mail and by telephone, surged 51 percent to $4.8 billion, from $3.2 billion a year ago. Sales over the Internet topped $10 million a day, representing 20 percent of total revenue. [This is HUGE!] Dell's revenue in Asia-Pacific increased 49 percent, exceeding its 35 percent rate in the first half of the year. [We thought there was a recession in Asia.] In Europe, holding on to its No. 2 market position, Dell's revenue rocketed upwards by 68 percent. Revenue in the Americas rose 46 percent. COMMENT: THIS IS HUGE! (Didn't we say that already!) Earlier this week we mentioned that Dell was selling $6 million per day on the Internet. Today they announce that is now at $10 million. This is over $3.5 billion per year! People ask us, “Where will it end? When will they max out their sales?” And do you know what Michael answers with? He says that he only has 9% of the world's market. And then he says no more. Here is a company whose actions speak louder than words. The stock was down almost three points today to $69 and in Instinet trading overnight it is down a few more. We can only say that for some reason, “they” are giving us a buying opportunity here!