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

To: SecularBull who wrote (100575)	2/16/1999 4:27:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 176387

Absolutely, the day is not over. Voltaire

To: SecularBull who wrote (100575)	2/16/1999 4:32:00 PM
From: Nick	Read Replies (1) \| Respond to of 176387

Everyone's panicking......calm down... Close your eyes for a month, then check back. EVERYONE eventually will have a slow down. This is just a blip on the long term map. Not happy, but not worried... Nick

To: SecularBull who wrote (100575)	2/16/1999 4:49:00 PM
From: TARIQ HASNAIN	Read Replies (1) \| Respond to of 176387

DELL TOPS $18 BILLION IN ANNUAL REVENUE Internet Sales Rise to $14 Million Per Day; Company Announces 2-for-1 Stock Split Dell Achieves Top Ten in Fortune List of America's Most Admired Companies ROUND ROCK, Texas, Feb. 16, 1999 -- Dell Computer Corporation (Nasdaq:DELL), the world's leading direct computer systems company, today reported earnings per share rose 55 percent to $0.31 for the fourth quarter ended Jan. 29, 1999. Revenue increased 38 percent to $5.2 billion, as the company achieved customer sales via www.dell.com of $14 million per day. For fiscal 1999, revenue increased 48 percent to $18.2 billion. Earnings per share for the year were $1.05, a 64-percent increase over last year. Dell also announced today that its Board of Directors has declared a 2-for-1 stock split. This split, the company's seventh in the last seven years, will be paid in the form of a 100-percent stock dividend to be issued on March 5, 1999, to shareholders of record as of Feb. 26, 1999. All per-share data are presented prior to this split. (in millions, except per-share data) Q4 FY'99 Q4 FY'98 Yr. to Yr. Growth FY'99 FY'98 Yr. to Yr. Growth Net Revenue $5,173 $3,737 38% $18,243 $12,327 48% Operating Income $595 $397 50% $2,046 $1,316 56% Net Income $425 $285 49% $1,460 $944 55% Earnings Per Share $0.31 $0.20 55% $1.05 $0.64 64%

To: SecularBull who wrote (100575)	2/16/1999 5:30:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

LOD and thread, there is both good news and bad news in the report. The bad news is that earnings did not grow as most analysts expected. Earnings were $5.17 BB compared to estimates of around $5.5 BB. The weakness seemed to stem mainly from desktop sales. [The very accurate call by Dan Niles leads me to believe he was fed the numbers by an insider.] The question we need to address is whether growth will continue to slow at an accelerating pace, or whether growth will slowly decline eventually intersecting the long-term industry growth rate. In any event we are seeing the effects of a maturing company. The second piece of bad news is that gross margins declined slightly. On a sequential basis they moved from 22.5% to 22.4%. This may represent a seasonal shift in the sales mix or it might suggest pricing pressure at the high end -- I don't know. Now for the good news. The product shift has resulted in a buffering of gross margins. This is manifest in the very small decrease in ASPs sequentially. This reflects an increasing proportion of notebook and enterprise sales which now collectively account for 36% of system sales for the full year, up from 29% last year. Unfortunately, there was only a slight shift up (1%) from the previous quarter. Another piece of good news is that Tom Meredith is making good on his promises. The days in inventory dropped to 6 days and the DSO dropped to 36. So, financial management of the company remains very strong. Dell continued to repurchase shares, reducing the number of fully diluted shares by 0.4%, but the number of basic shares outstanding remained constant. CTC