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 : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Elwood P. Dowd who wrote (60770)	5/7/1999 12:40:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

May 7, 1999 ---------- Dell Says Co. Could Gain As Compaq Searches For CEO Dow Jones Newswires NEW YORK -- Dell Computer Corp. (DELL) could gain ground on archrival Compaq Computer Corp. (CPQ) while that company searches for a new chief executive, Michael Dell said in a television interview. "In the short term, that may create some opportunities for us," Dell, founder and chief executive of the company, said in the interview with CNBC. Compaq dismissed Eckhard Pfeiffer from the chief executive's office April 18. The company is being run by director and co-founder Ben Rosen until a permanent chief executive is found. Dell repeated his frequent assertion that the company would continue to grow faster than the computer industry rate, which is forecast to be about 14% in 1999. "People are going to continue to see Dell is growing much faster than the market," he said. "Certainly we expect we will be the best-performing company in our sector." He said Dell is getting "more comfortable" with the year 2000 transition. Some observers have worried that corporate spending on technology will slow later this year as companies concentrate on repairing outdated software systems. "We haven't seen as dramatic an impact" as some had forecast, Dell said. Further, he said Dell should see strong demand from the small-business and government markets in the second half of 1999. - By Christopher Grimes; 201-938-5253