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


To: Voltaire who wrote (100629)2/16/1999 4:44:00 PM
From: Mohan Marette  Read Replies (2) | Respond to of 176387
 
Dell tops $18 billion in annual revenue,internet sales rise to $14 mil per day.

Voltaire:

You may be right on that.

DELL TOPS $18 BILLION IN ANNUAL REVENUE; INTERNET SALES RISE TO $14 MILLION PER DAY; COMPANY ANNOUNCES 2-for-1 STOCK SPLIT

Business and High-Tech Editors

ROUND ROCK, Texas--(BUSINESS WIRE)--Feb. 16, 1999--

Dell Achieves Top Ten in Fortune List

of America's Most Admired Companies

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.



To: Voltaire who wrote (100629)2/16/1999 4:56:00 PM
From: Frank Ellis Morris  Read Replies (1) | Respond to of 176387
 
>> Like I said, split saved our ass. I think the bottom will be about $78. It will start back up after a shake out tomorrow.<<

Your predictions for the last few days have been wrong and it was not your fault as none of us had the information as Niles did. I do think that the selling however is over done and even if the stock split was to appease the pissed off shareholders, Michael is going to have us all over his back to do whatever needed to make Dell more competitive. Look Hewlett Packard missed its quarterly earnings for so many quarters but beat it this time around. The earnings for Dell was terrific but the G--D--- bar was raised to high I think I will keep my shares for the long haul>> What is your view??

Frank