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

To: Jim McMannis who wrote (101425)	2/17/1999 12:05:00 AM
From: hsg	Read Replies (2) \| Respond to of 176387

I hear after hours trading was at $75. Any guess's on where we will open tomorrow? Dell disappoints, HP soars Dell meets earnings estimates, while HP beats forecasts by 9 cents a share February 16, 1999: 7:55 p.m. ET NEW YORK (CNNfn) - In a rare disappointment, Dell Computer Corp. reported weaker-than-expected revenue growth, sending its shares reeling in after-hours trade and prompting fears that other technology stocks will follow suit when trading resumes on Wednesday. Dell (DELL) , the Round Rock, Texas-based direct seller of PCs, earned $425 million in the fiscal fourth quarter ended January 29 -- more than any other quarter in the company's history. However, the results were not good enough for Wall Street, which has come to expect stellar performance from Dell. Art Russell, an analyst at Edward Jones, said rival computer makers have taken a chunk out of Dell's business as the rest of the industry has gotten its inventory problems under control. "Companies like Compaq, HP and IBM (IBM) now have their inventories in shape because they're combining a direct model with retail sales," Russell said. "That's having an impact on Dell." In this story: Hewlett-Packard beats the Street Dell expects higher sales in year 2000 Dell's profit of 31 cents a share met Wall Street's expectations. But its revenues of $5.2 billion were about $300 million less than analysts expected. Roger McNamee of Integral Capital Partners said Dell's shortfall could have a ripple effect on the technology-laden Nasdaq market when trading resumes on Wednesday. "The psychology of the market in the last week has been so fragile," he said. "The swings we saw last week both down and up suggest that any kind of bad news will probably be received poorly by the market."