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

To: Kayaker who wrote (96582)	2/9/1999 9:44:00 PM
From: Mohan Marette	Respond to of 176387

DELL's online plans? Bob: Thanks for this article,a super find if may say so. ================================ 2/09/99 - Dell Will Expand Wares For Online Business Feb 09, 1999 (Tech Web - CMP via COMTEX) -- NEW YORK -- Dell"s online cash register will soon ring up more than just computers, said the company"s CEO, Michael Dell, to investors Tuesday. The Dell website attracts 100 million visitors per year, said the 33-year-old entrepreneur at the Goldman Sachs Technology Investment Seminar here in New York on Tuesday. Of that traffic, 20 percent go into the online computer store. And it continues to expand -- now selling more than $10 million daily in products produced by the Round Rock, Texas-based Dell. The company said it expects to conduct 50 percent of its sales over the Internet within the next couple of years. Part of that will be by offering a wider range of computer-oriented products, Dell said. "There are lots of opportunities to expand," he said. "People are buying a lot of things -- printers, software, cameras, services." Dell, for many, is the model for the transformation IT is making in business. The company has not only used its website to sell directly to consumers, but has used the Internet to establish direct relationships with its business customers, letting them purchase online. The use of IT has allowed Dell to streamline its processes and cut its inventory to just seven days, the CEO said. In doing so, Dell has become Wall Street"s darling. One-thousand dollars invested in 1990 would be worth more than $500,000 today. ======================= [Mohan: Dang,where is Kumar I guess he is still hung up about the sequential bull crap or some thing.An increase of 30% YOY in market share means nothing to him I suppose.I like to see him do it.] ========================= The company has grown its share of the PC market in the United States to 13 percent market, up from 10 percent in 1997, according to International Data Corp., in Framingham, Mass. Dell shipped 7.4 million computers in 1998, according to Dataquest, in San Jose, Calif. ..................... "You"ll see Dell leveraging that interaction to sell peripherals, software, and accessories," he said. "Our revenue in that space already exceeds companies that claim to be in that business on a dedicated basis." tscn.com.