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

To: jim kelley who wrote (115303)	4/8/1999 4:55:00 PM
From: TechMkt	Respond to of 176387

Read comments on DELL. The global expansion continues. Fez _______________ India Attracts Big IT Investors (04/07/99, 12:21 p.m. ET) By Uday Lal Lekshman Pai, TechWeb The world's technology leaders are lining up to establish operations in India, bringing millions of dollars of investment into the country. Big names such as IBM, Hewlett-Packard, Computer Associates, LG Electronics (formerly Goldstar), Nortel Networks, and 3Com have all put in proposals for fresh foreign direct investment (FDI) in India. Chicago-based Tellabs has received Foreign Investment Promotion Board (FIPB) clearance, and country manager C.S. Rao said it planned to start manufacturing by early next year. The company would invest more than $25 million through a wholly owned subsidiary. Round Rock, Texas-based Dell is also setting up a subsidiary in India. Ron Goh, Asia vice president, said formalities would be completed by the end of the year, and the initial investment would be $8 million to $10 million. Meanwhile, Computer Associates International is location-hunting for its second development facility in India after Calcutta. "We plan to have three or more development facilities in the five-year period for which we have ear-marked $100 million," said CA India president and chief operating officer Sanjay Kumar. Nortel Networks sources said the Canadian networking giant was also planning to make substantial investments in India. However, they declined to give figures. Santa Clara, Calif., networking pioneer 3Com will set up a wholly owned subsidiary within the next two months and make India a logistics hub for its operations in the neighbouring countries, bringing in substantial investments, according to the India country manager of 3Com Asia, Atul Kunwar. There are also plans for a joint venture with an Indian IT company to make India a development hub. Schaumberg, Ill.-based Motorola is evaluating the possibility of manufacturing WAN and LAN products in India. According to Motorola's Asia-Pacific general manager, Benny Young, setting up a manufacturing facility here would give the company an edge in terms of bringing down the time to market. Major players such as IBM, HP, and Samsung have put in proposals for FDI under the government's proposed soft-bonded information technology units (S-BIT) scheme. The companies, which also included Acer, Nokia, and Motorola, have sent proposals to the Prime Minister's national IT task force to invest under the scheme that is expected to provide a duty-free area and what the industry considers as the right environment for incentivized manufacturing. The task force has received firm proposals from IT and electronics companies for FDI of more than $100 million. "If we manage to create the manufacturing environment as recommended in the task force report, it would open the floodgates for an investment of at least $1 billion within a year or two. More important, it would make India as much an IT superpower in hardware as it is in software," according to task force member-convenor S. Seshagiri.

To: jim kelley who wrote (115303)	4/8/1999 5:32:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

Dell Computer CFO Tom Meredith on Company's Plans: Comment Jim: Just don't talk faster than you think. <VBG> It has to do with trying to speak too many many languages at the same time,I am tellingya.It's mad house where we come from.<vbg> Here is little something from Tom in case you missed it, 'Watch and see' he says. I am watching I am watching Tom.<g> ==================== Dell Computer CFO Tom Meredith on Company's Plans: Comment New York, April 8 (Bloomberg) -- The following comments are from Dell Computer Corp. Chief Financial Officer Tom Meredith following Dell's meeting with analysts in New York. Internet sales: ''Last time we reported, we said Internet sales were $14 million a day and growing nicely,'' Meredith said. ''That was up from $10 million a day in the prior quarter. We continue to see that kind of increase in the current quarter.'' Lowering costs to boost profit: ''There's a lot more juice to squeeze out of that lemon,'' Meredith said. Besides using the Internet for sales, Dell wants to use technology more efficiently. He said he'd like to keep lowering the percentage of expenses as a proportion of overall revenue but declined to provide a target. On new products for consumers: ''We should be the leader in selling all kinds of products in all categories,'' Meredith said. That means not only selling hardware and software but financing sales and possibly offering Internet service, he said. The Dell CFO declined to say whether Dell would open an Internet service this year. ''Watch and see what happens over the next few months,'' he said. On more orders like the $16 billion supply arrangement with International Business Machines Corp.: ''We're constantly looking for best-of-class, best-of-breed component suppliers,'' Meredith said. Dell is looking forward ''to the very latest releases'' of IBM technology in new products. The Dell CFO declined to say if the company was planning to announce any similar contracts soon.