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

To: stock bull who wrote (126291)	5/18/1999 6:14:00 PM
From: GRANOLA	Read Replies (3) \| Respond to of 176387

only thru quote.com which, as you know, is closed now... i got the latest 42 quote thru cnbc right around the time that i posted it. there is NO WAY it fell much below that...no reason for it. how are you doing? do you still own your dell? cheers, GR

To: stock bull who wrote (126291)	5/18/1999 6:29:00 PM
From: Ian Davidson	Read Replies (1) \| Respond to of 176387

From the WSJ: May 18, 1999 Dell Meets Analysts' Forecasts As Its Revenue Climbs 41% An INTERACTIVE JOURNAL News Roundup Dell Computer Inc. reported net income that was in line with expectations late Tuesday as revenue climbed 41% from a year ago. That sales growth, while it met expectations, was in line with the rate of growth seen in the previous quarter, which had disappointed investors. The results suggested that while Dell's sales growth should remain the envy of most of its rivals, the otherworldly levels seen in previous years may be a thing of the past. For the first fiscal quarter ended April 30, the Round Rock, Texas, personal-computer maker reported net income of $434 million, or 16 cents a diluted share, up 42% from $305 million, or 11 cents a share, in the year-ago period. That was in line with the consensus estimate of analysts surveyed by First Call. The results reflect a two-for-one stock split on March 5. Revenue climbed 41% to $5.5 billion from $3.9 billion in the year-ago quarter. Shares of Dell climbed 81.25 cents to $44.0625 on the Nasdaq Stock Market Tuesday. The results were released after the close of trading. "Industry demand was solid during the first quarter, and we once again achieved industry-leading results," Chairman and Chief Executive Officer Michael Dell said in a statement. Mr. Dell said his company was "increasingly applying the Internet to our entire business," adding that "we believe we're doing so to a much greater degree than anyone else in our industry, and it is already a compelling difference in winning and retaining customers of all types." Dell said sales via its Web site surpassed $18 million per day during the quarter, accounting for 30% of overall revenue. Revenue from Dell's Americas region rose 45% year-over-year, helped by a 54% increase in sales to consumers and small businesses. European revenue increased 29% and Asia-Pacific revenue climbed 48%, helped by "exceptional" results in China, which Dell called "a relatively new and strategically important market." Revenue from enterprise systems -- a category that includes network servers, workstations and storage products -- surged 97% from last year. Dell has been a key player in the drama that has unfolded in the PC industry in recent months. In February, the company reported a fourth quarter similar to the just-completed one, meeting expectations but reporting revenue growth of 38% that trailed the 56% average growth rate investors had become used to seeing. The company then found itself caught up in the furor over a poor performance from Compaq Computer Corp. that ultimately led to the ouster of Chief Executive Eckhard Pfeiffer. Compaq claimed its lackluster showing stemmed from weakness in the overall industry, but Dell was quick to reassure investors that demand for its products remained strong. In fact, analysts noted that Dell had an especially strong April. "They took great advantage of what happened with Compaq," said Dan Niles, of BancBoston Robertson Stephens. Dell has been facing a PC market in which prices have declined dramatically as more companies offer sub-$1,000 PCs. Although cheap computers are a boon to consumers, they can hurt computer makers' bottom lines. On Tuesday, Mr. Dell said demand looked strong through the balance of the current fiscal year and beyond. "For companies with effective, efficient business models, this industry remains healthy," he said. "We continue to see significant opportunity for expanding our business profitably.