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

To: Mohan Marette who wrote (102138)	2/17/1999 5:12:00 PM
From: dav	Respond to of 176387

Dell volume 3rd largest in Nasdaq history NEW YORK, Feb 17 (Reuters) - The furious selloff in shares of Dell Computer Corp. on Wednesday added up to the third busiest session for a stock in Nasdaq history, Nasdaq officials said. Dell shares fell 7-3/16 to 81-9/16 on unofficial volume of about 112.2 million shares. Dell's fourth quarter results, reported after the markets closed Tuesday, disappointed investors. Net income rose 49 percent to $425 million, or 31 cents per diluted share, matching Wall Street estimates and up from $285 million, or 20 cents, in the year-ago period. But revenues rose 38 percent to $5.2 billion from $3.7 billion, confirming recent investor fears that the pace of sales growth was slowing from previous levels. Dell's volume total on Wednesday left the company behind only Oracle Corp. (Nasdaq:ORCL - news) and Comparator Systems Corp., which has been delisted, near the top of heaviest one-day volume for stocks priced above $1 a share. Oracle holds the all-time Nasdaq record of 171,827,300 shares, set on Dec. 9, 1997, a day after the company stunned Wall Street with weaker than expected earnings. Comparator holds second place on the list with 152,047,000 shares, recorded on May 6, 1996. Soon after, Comparator shares were suspended when the Securities and Exchange Commission started an inquiry into its accounting. Comparator eventually settled with the SEC, without admitting or denying the commission's charges of fraud.