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

To: jim kelley who wrote (120782)	4/27/1999 12:16:00 PM
From: Meathead	Read Replies (1) \| Respond to of 176387

Jim, I'm curious as to how you reconcile Dell's stated ASP's and Revenue with IDC volumes. I've found them to be inconsistent every quarter to say the least. For example, in Q4, IDC pegged unit shipments at 2,289,000 and Dell stated ASP's of $2350. Multiply the two and Revenue would have to be 5.379B instead of the reported 5.179B. Taking it a step further, we can remove the 7% of 'non-system revenue' stated in the Q4 report and get 4.816B of revenue generated from hardware sales alone. Using the IDC numbers we now get an ASP of $1828. Dell uses a $50 granularity so I don't like to use their number. The best way I can figure to get a semi-accurate picture is to take the IDC number at face value for consistency in reporting from quarter to quarter. Also, Dell's top line revenue number should be undisputable and consistently reported. I also dont subtract revenue generated from non-system sales as this percentage seems to move around somewhat. So, quite simply, I take Dell Revenue divided by IDC Units. This gives us an ASP of $2262 for Q4. This at least helps establish the ASP trend consistently and makes it easier to project quarterly movements. Thoughts? MEATHEAD