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

To: wiley murray who wrote (79843)	11/13/1998 11:24:00 AM
From: richard surckla	Read Replies (1) \| Respond to of 176387

All... S&P RAISES EARNINGS FOR DELL. REITERATES BUY quote.bloomberg.com

To: wiley murray who wrote (79843)	11/13/1998 11:27:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

Dell Says European Sales Rise 68%, Tops for Any Region. wiley: Let me just say that if you are a serious investor don't get distracted by all the noise,we have been through his many a time,there is nothing new here. Now this is the kind of news I pay attention to. ========================================================== Technology News Fri, 13 Nov 1998, 11:18am EST Dell Says European Sales Rise 68%, Tops for Any Region London, Nov. 13 (Bloomberg) -- Dell Computer Corp. said an increase in the number of computers it sold through the Internet in Europe helped third-quarter sales in Europe rise 68 percent, the fastest for any region in the world. The Round Rock, Texas-based company said Europe accounted for one out of every five computers sold each day through its Web site. That amounts to $2 million, about five times what it sold in the same period last year. Total Internet sales rose to $10 million a day, about 20 percent of its business and triple that of a year ago. The world's No. 1 direct-seller is trying to boost its market share in Europe, the world's fastest growing PC market. According to market research company Dataquest Inc., Dell's share grew by 2.7 percent for a 8.1 percent market share -- the same as International Business Machines Corp., but half of market leader Compaq Computer Corp.'s 17.4 percent share. ''The euro will enhance our business -- it's easier for us to implement as we sell directly and use the Web,'' said Mort Topfer, Dell's vice chairman. ''We've had common pricing for a long time, unlike our competitors, which use re-sellers.'' Analysts predict sales through the Internet will be helped by the introduction next year of a new single currency, the euro, by 11 EU countries. European sales of PCs rose 23.4 percent in the third quarter, according to Dataquest. Dell said yesterday profit for the quarter ended Nov. 1 rose 55 percent and sales climbed 51 percent, slightly less than some forecasts for the company. Investors are concerned that it may lose its 9 percent world market share as its competitors replicate its direct sales approach. Its shares fell as much as 6 3/16, or 9 percent, to 63 and recently traded at 66 3/8.