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

To: kemble s. matter who wrote (115267)	4/8/1999 4:11:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

Dell remains positive in analysts' meeting Hi Kemble: In case y'all haven't seen this yet. =================== By Janet Haney, CBS MarketWatch Last Update: 3:18 PM ET Apr 8, 1999 Movers & Shakers ROUND ROCK, Texas (CBS.MW) -- Shares of computer hardware giant Dell struggled Thursday afternoon even though the company revealed positive comments during an analysts' meeting. The Round Rock, Texas-based Dell Computer (DELL) said it sees personal computer industry growth of 14 percent annually through 2001. The PC heavyweight said demand within the industry is strong and healthy, with an increase in PC interest from the January quarter to the April quarter, a Dow Jones report said. In addition, the report said Dell expects to see "attractive returns" on its $999 PC computers offering. Dell has been under the microscope since Feb. 17, when it announced fiscal fourth-quarter revenues that disappointed many on Wall Street. See Market Snapshot. Thursday, the stock pulled back 1 1/8, or 2.3 percent, to 45 5/16. According to the report, Dell said in the meeting that it's receiving between $1.4 billion to $2 billion from providing services, and that much of that business is shared with third-party computer service providers. Commenting on the technology sector as a whole, Jerry Klauer, co-chairman of Gerard Klauer Mattison & Co., said, "I think the technology sector is still a sector one should be invested in. "It looks like there's a good two years ahead of us for the semiconductor industry, and the better-positioned companies in that group should do well." Klauer looks for a constructive first-quarter earnings season from the computer-related complex. "Most of the earnings releases will be in line or higher than analysts' estimates because the earnings preannouncements are done for the most part. And the preannouncements are always for companies who will miss estimates." Likewise, Michael Kwatinetz, analyst from Credit Suisse First Boston, reiterated his "strong buy" rating on Dell and said he remains "comfortable" that the company will beat CS First Boston's first quarter estimates, as well as its 2000 target. The median estimate from analysts surveyed by First Call Corp. expect Dell to earn 16 cents in the first quarter vs. 11 cents a share in the year-ago period. Separately, Omaha, Neb.-based infoUSA Inc. (IUSAA) said Dell signed a multi-year contract Thursday wherein Dell will license infoUSA's database of 10 million businesses. InfoUSA provides business and consumer information products and data processing. See press release. Shares of infoUSA jumped 2 1/8, or 32 percent, to 8 13/16.