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

To: kemble s. matter who wrote (81700)	11/21/1998 4:16:00 PM
From: D. Swiss	Read Replies (1) \| Respond to of 176387

Kemble babes, check this out: Dell Computer CEO Michael Dell Sees More Stellar Growth Ahead New York, Nov. 20 (Bloomberg) -- Dell Computer Corp. Chairman Michael S. Dell said that while he's ''always worried about what might come along and change the universe'' of computer sales, his company still expects many years of profit growth. ''We will probably grow faster than the industry,'' even if there's a recession or larger rivals like Compaq Computer Corp. push into Dell's territory of selling products over the Internet, Dell said at a breakfast to promote his new book. ''Direct from Dell: Strategies that Revolutionized an Industry'' will be published in March. Dell, 33, acknowledged that he's made mistakes in his tenure creating and managing the No. 3 PC company, which last week reported that fiscal third-quarter net income rose 55 percent to $384 million, or 28 cents a share. Revenue surged 51 percent to $4.82 billion. Those mistakes are past, he said, because he's hired many people whose talents are ''absolutely'' better than his, listened to customer preferences and tailored the company's model of selling directly to customers -- including over the Internet -- to boost profits. Dell Computer's daily Internet sales exceed $10 million. Dell, whose company is based in Round Rock, Texas, also shrugged off the possibility of an economic recession. ''Even in a contraction, customers become more economically sensitive,'' and probably would buy more from his company, he said. Dell Computer's third-quarter sales in hard-hit Asia rose 49 percent, compared with overall industry sales that rose only 2 percent, he said. Dell's book will be published by News Corp.'s Harper Business division. 11:48:50 11/20/1998 Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1998 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P. :o) Drew