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

To: Voltaire who wrote (99116)	2/14/1999 11:06:00 AM
From: Jenne	Respond to of 176387

Nice car! Dell Officials Sold $70 Mln Shares in January: Insider Focus Round Rock, Texas, Feb. 12 (Bloomberg) -- Dell Computer Corp. executives, including founder Michael Dell, sold more than $70 million of stock in January, after shares of the No. 3 personal computer maker almost tripled in the past year. Chief Executive Michael Dell sold about 648,000 shares worth $50.4 million on Jan. 7, according to filings with the Washington Service. Chief Financial Officer Tom Meredith sold 100,000 shares in an option-related sale, netting a profit of about $7.25 million. Vice Chairman Kevin Rollins sold 52,000 shares in an option-related sale for a profit of about $3.81 million. Many Dell executives are compensated with stock options, and sales by these executives, especially Michael Dell, are common. Dell's stock has been the best-performing stock on the Standard & Poor 500 index for the past three years, though some analysts have said it may be harder for the stock to continue showing such stellar returns as competition heats up and sales growth slows. Even with the stock's stellar performance through the start of the year, the executives still missed out on bigger gains. Dell's stock reached an all-time high of 108 5/8 on Feb. 2, about 40 percent higher then when the recent sales took place. Dell's share have since fallen about 17 percent amid concern that revenue in the quarter ended Jan 29 will be lower than forecast because of increased competition from No. 1 PC maker Compaq Computer Corp. In today's trading, the stock fell 12 to 89 7/8. Analyst Dan Niles of BancBoston Robertson Stephens Inc. said in a report today that sales could be as much as $300 million lower than his initial forecast of $5.5 billion because of increased competition for corporate accounts from Compaq. ''Competitive pressure intensified, especially in the corporate market,'' Niles said in the report. He expects the stock to fall to 80 in the ''near-term.'' Round Rock, Texas-based Dell will report fiscal fourth quarter earnings next Tuesday after the market closes. For the past several years, Dell has enjoyed sales and earnings growth far higher than the industry average as it leveraged its direct sales model to keep inventory down and prices low. Other executives at Dell that sold included Alex Smith, vice president and treasurer, who sold 67,200 option-related shares for a profit of about $4.96 million. Vice President of Finance James Schneider sold 61,000 shares related to options for a profit of about $4.17 million.

To: Voltaire who wrote (99116)	2/14/1999 12:34:00 PM
From: Detail-MD	Respond to of 176387

89 was a good year--last of that body style. I am sure you will enjoy it. As for the '63, I may be able to help. My brother-in-law was recently one of the top "Vette restoration experts in the country. His cars were guaranteed to get a Bloomington Gold Certification. He learned from a guy who used to manage the assembly line way back. Let me know specifics and if you want me to get some names/possible cars for you. Could you tell me if "angels" are your bats? Or is that a secret? Where do you live? California I presume? I can't remember from old posts If you ever told us. Just curious. I always dreamed of living in California. When I finish my schooling I will DEFINITELY be there! Best wishes, -Steve