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

To: Mohan Marette who wrote (93740)	2/1/1999 9:04:00 PM
From: H.A.M.	Respond to of 176387

Dell Up On Expectations Co. Will Beat 4Q Estimates Dow Jones Newswires February 1, 1999 NEW YORK (Dow Jones)--Dell Computer Corp. (DELL) shares hit a 52-week high on expectations that the company will beat the consensus estimate of 31 cents a share when it reports its fiscal fourth-quarter results on Feb. 16. Expectations that the company will soon announce a stock split are also pushing the shares up Monday. Following the close of Dell's fiscal 1999 fourth quarter on Friday, analysts are checking with their sources to find out how the period shaped up and are concluding that the company had "a fabulous finish to the year," said BancBoston Robertson Stephens analyst Daniel Niles. Niles officially projects Dell will post earnings of 30 cents a share on $5.47 billion for the quarter, although he said the company's earnings will probably come in closer to 32 cents to 33 cents a share and its revenue will likely be over $5.5 billion. Dell posted split-adjusted earnings of 20 cents a share on $3.737 billion in revenue in the fourth quarter of last year. Dell's shares were recently up 8 1/8, or 8.1%, at 108 1/8 on Nasdaq volume of 42.1 million, compared with an average daily volume of 19.8 million. The shares hit a 52-week high of 110 earlier Monday, passing a previous high of 100 3/8, set Friday. Dell's shares got a lift Friday from the release of the latest data on personal computer shipments from International Data Corp. and Dataquest Inc. IDC said Dell's calendar fourth-quarter shipments rose 56% year-over-year to 2.3 million computers. And Dataquest said Dell's shipments rose 65% in 1998 to account for 7.9% of all PCs shipped. Still, Piper Jaffray analyst Ashok Kumar downplayed the expectations for Dell's quarterly results and maintained that hopes for a stock split are the main reason behind the rise in the company's shares Monday. Expectations of a split surface "anytime a stock hits the magic $100 number," he said. Kumar said he does not believe optimism over the quarter is responsible for the stock's gains Monday since whisper numbers on Dell are only 33 cents a share. He added that "fundamentally, growth momentum has slowed" for Dell since many of the large corporate customers that make up much of its customer base have recently completed hardware upgrades and are now focusing instead on software upgrades. Kumar pointed out that Dell's worldwide market share slipped to 8.5% in the calendar fourth quarter from 9.2% in the third quarter. - Joelle Tessler; 201-938-5285

To: Mohan Marette who wrote (93740)	2/1/1999 9:20:00 PM
From: Rosemary	Read Replies (2) \| Respond to of 176387

Mohan, I don't think it will matter much one way or the other what they do, but if they stay around long enough, I think they'll find out they put their money into a solid growth company that has only just begun to show em. I've been reading about all the expected growth in computer sales for this year. I think our investment here is safe. I was tortured by my on-line broker this morning. Couldn't get on, neither by net, nor reach them by phone. They need more servers. I wouldn't be too surprised to see those sales a lot higher too. They better start buying them if they want to keep our accts. in place.