Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rudedog who wrote (108232)	3/8/1999 2:19:00 PM
From: jim kelley	Respond to of 176387

Dog, Right and wrong but I agree. Margins lower and revenues higher. Here is the report on IBM: Net income for the 12 months ended December 31, 1998 was $6.3 billion, or a record $6.57 per diluted common share, compared with net income of $6.1 billion, or $6.01 per diluted common share, in the year-earlier period. Revenues for the year ended December 31, 1998 were a record $81.7 billion, an increase of 4 percent (6 percent at constant currency) from the previous year's $78.5 billion. Total hardware revenues for full-year 1998 were $34.7 billion, a decline of 4 percent (3 percent at constant currency). Services revenues totaled $23.4 billion, an increase of 21 percent (24 percent at constant currency). Software revenues grew 5 percent (8 percent at constant currency) to $13.5 billion. Maintenance revenues fell 7 percent (4 percent at constant currency) to $6.0 billion. Rentals and financing revenues totaled $4.0 billion, an increase of 8 percent (10 percent at constant currency). Common share repurchases totaled $6.9 billion in 1998. The average number of shares outstanding in 1998 was 934.5 million compared with 983.3 million in 1997. There were a total of 915.9 million common shares outstanding at year-end 1998. IBM generated $9.3 billion in cash from operations in 1998 and the company completed the year with $5.8 billion in cash. The company's debt in support of operations, excluding global financing, decreased $1.4 billion from year-end 1997 through December 31, 1998 to a total of $1.7 billion. During the same period, debt supporting the company's global financing operations increased $3.9 billion to a total of $27.8 billion. It is clear that their services business is more profitable and has a higher growth rate than their hardware business. The rumor that DELL may manufacture IBM's PC boxes is tantalizing but unconfirmed. JK