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

To: freeus who wrote (94979)	2/5/1999 5:13:00 AM
From: Islander	Read Replies (1) \| Respond to of 176387

Hi freeus! This is from Yahoo this am, enjoy: Friday February 5 3:54 AM ET Dell Says New Irish Plant To Open In 1999 DUBLIN (Reuters) - Dell Computer Corp (Nasdaq:DELL - news) Thursday said its third European manufacturing plant, a $90 million facility in southwestern Irish county of Limerick, would be operational by the end of the year. The plant, announced last September, is expected to create 1,700 new jobs, bringing the U.S. company's workforce in Ireland to nearly 6,000 and making it the biggest information technology employer in the country. ''Our ongoing expansion in Ireland reflects our strong growth in Europe and our overall confidence in this country as a base for European business,'' Dell Chairman and Chief Executive Michael Dell said in a statement. The Dell chief, on a visit to Limerick to lay the foundation stone for the new plant, said his company fully supported Ireland's drive to become Europe's Internet commerce hub. The Internet was the way for Ireland, ''already a high-tech economy'', to build on its current success and sustain economic growth into the future, he said. Dell currently generated revenues of $10 million a day, or 20 percent of total revenues, on the world web and expected web-based revenues to account for 50 percent of its business over time, he said. Ireland, he said, was the cornerstone for Dell's Internet sales in Europe, currently amounting to $2 million a day. In a later interview with state broadcaster RTE, Dell said he did not foresee moving manufacturing to countries where labor was cheaper -- as several U.S. companies based in Ireland have done in recent months. ''Our Irish operations are tailored to our needs. I don't expect to change that, in fact if anything I see further expansion of our operations here,'' he said. He said Dell had around nine percent of the world personal computer market, with 1999 sales expected to reach around $25 billion. ''If we have a 25 percent share in, say, five years, that would mean revenues of $80 billion a year globally -- you can see the importance of Europe's potential in that,'' he said. U.S. high-tech companies, lured by low corporate tax rates and a skilled labor force, have been a key factor in Ireland's current economic boom, but price pressures -- due in part to Asia's market crisis last year -- have led to firms like Apple and Seagate Technology Inc (NYSE:SEG - news) shifting operations. Dell set up in Ireland in 1990 and has bases in Limerick and Bray, outside Dublin. The Limerick plants provide product for Europe, the Middle East and Africa, while the Bray site provides customer support to the Irish and British markets. The company sources 200 million Irish pounds worth of raw materials in the Irish marketplace and contributes an estimated 300 million punts annually to the Irish economy.

To: freeus who wrote (94979)	2/5/1999 8:31:00 AM
From: Frank E W	Read Replies (2) \| Respond to of 176387

GOPHERS ... its groundhogs or woodchucks ... yes the warm weather here in the NE has brought Mr Bear out early this year. But he will reek havoc raid the garbage and return to his cave soon. :)) I too had very bad problems with ulsers. A local Herbalist told me to try bitter herbs and cabbage juice. After one week it had healed and i havnt had a problem since. Woodchuck Frank thats what they call Pennsylvanians woodchucks :))