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


To: OLDTRADER who wrote (108808)3/10/1999 12:07:00 PM
From: Mohan Marette  Read Replies (2) | Respond to of 176387
 
Dell sees Amazon Web pact developing fast

William:
Check this out,reading between the lines one get the feeling that Dell will be announcing more 'partnership agreements' with other internet companies in the coming days and months.
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Wednesday March 10, 11:15 am Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

Dell sees Amazon Web pact developing fast

NEW YORK, March 10 (Reuters) - Personal computer maker Dell Computer Corp. (Nasdaq:DELL - news) said Wednesday its Web marketing pact with Amazon.com Inc. (Nasdaq:AMZN - news) took a matter of months to put together and will continue to develop at the same rapid pace.

The Round Rock, Texas based personal computer maker said earlier it would partner with leading online retailer Amazon.com to provide links from their Web sites to new co-branded home pages.

''This was a very rapid process to form the relationship,'' Bob Langer, who runs Dell online shopping and information sites, told reporters on a conference call. ''We would certainly look to maintaining that kind of trajectory as we move forward.''

Commenting on the deal, he said it was the first time Dell had entered such a partnership with an Internet company and the first time Amazon.com had entered this type of Web marketing pact with a computer systems firm.

Langer declined to give specific targets the companies are aiming at as they develop their Web partnership.

(Note: this article is ''in progress''; there will likely be an update soon.)

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To: OLDTRADER who wrote (108808)3/10/1999 12:23:00 PM
From: Mohan Marette  Respond to of 176387
 
William: According to this report Dell's stake in the company still remains at 16%,I guess it means inspite of all the hoopla about MD selling a few shares here and there like he always do,his stake in the company remains the same. Where are all these imbeciles (analysts and press) thinking.<g>
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Source:Reuters Mar.10,99

Dell's stake in the company remains at about 16 percent, Reid said at the time.
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One analyst, Anthony Marchese, manager of the Laidlaw Insiders Trend Fund L.P., saw the selling as routine.

''If you look at their insider trading history, you'd be hard pressed to find a month without some Dell insider selling shares,'' Marchese said.

''Last August, Dell sold something like two million shares when the stock, on a split-adjusted level, was between $20-$30. So if you shorted the stock based on that, you would have missed a big run,'' Marchese noted.