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

To: Mohan Marette who wrote (93732)	2/1/1999 8:41:00 PM
From: Rosemary	Read Replies (2) \| Respond to of 176387

Hi Mohan, This is what they're saying about Dell today: By Eric Auchard NEW YORK, Feb 1 (Reuters) - Dell Computer Corp. DELL.O shares spiraled upward nearly $10 in frantic trading on Monday amid speculation the fast-growing direct supplier of personal computers was poised to split its stock in coming weeks. Analysts said options traders and momentum traders have been attracted to Dell by rumors of a stock split, possibly two-for-one, and buoyed by a string of positive reports showing Dell's quarterly growth continuing to outpace the rest of theindustry. Investors piling into the stock took Dell a new record high of $108.12, up $8.12 for the day Monday, as nearly 43 million shares changed hands on the Nasdaq stock market. "Now the central theme is that any stock that approaches $100 is going to split," said Piper Jaffray analyst Ashok Kumar, who questions the strength of Dell growth recently. "Should that be the reason for a split? Absolutely not." "I think it's more about the stock split than about a possible upside to the quarter," Bear Stearns analyst Andy Neff said of the main rumors fueling the stock's dramatic rise. The Round Rock, Texas-based company is scheduled to release fourth quarter results February 16. Analysts' earnings projections average 31 cents per share compared to 21 cents in the same fiscal quarter last year. Kumar pointed to unusually heavy call-buying of Dell options Friday as a sign of investor bullishness. A possible stock split would follow moves by other leading high-technology names like IBM, Microsoft and Oracle, who have each moved to split their stock following recent strong share price gains, feeding anticipation of more splits. While typically seen as a moderately bullish expression of a management's confidence in its business outlook, the psychology of anticipated stock splits has taken on a life of its own in the past month, sparking unprecedented run-ups. SouthWest Securities analyst Cody Acree said rumors of a stock split strengthened Dell's shares, already trading at record levels based on positive reports from rivals IBM and Compaq and industry surveys suggesting its is the industry'sgrowth leader. "I think that that's enough given the strength we have seen out of IBM and Compaq, as well the overall growth of the PCmarket," Acree said. "Dell was the fastest grower of any top-tier company," the analyst said, referring to fourth-quarter and 1998 year PC shipment data issued by industry trackers International DataCorp and Dataquest. IDC put Dell's growth in PC factory shipments worldwide at 56 percent for the three months ended in December 1998 compared to the three months ended in December 1997. Its top three rivals grew from 14 to 17 percent in the same period. "Those things are enough to get momentum investors behindit," Acree said.

To: Mohan Marette who wrote (93732)	2/1/1999 8:46:00 PM
From: William F. Wager, Jr.	Read Replies (3) \| Respond to of 176387

Kumar's quote o' the day... "Now the central theme is that any stock that approaches $100 is going to split," said Piper Jaffray analyst Ashok Kumar, who questions the strength of Dell growth recently. "Should that be the reason for a split? Absolutely not."