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

To: stock bull who wrote (126790)	5/19/1999 12:06:00 PM
From: brian z	Read Replies (1) \| Respond to of 176388

DELL Meets Expectations -and Drops by Theo Spradlin DELL reported Q1 '99 net income of $434M, or $0.16 per share, up 45% from $305M or $0.11 cents, a year ago. With the reporting of these numbers, DELL matched First Call estimates. Heavy volume and no price action today was a precursor to selling which began after the earnings news was released. After the closing bell, DELL dropped by more than 2-1/2 and was trading at $41-3/8. Some selling may continue into tomorrow, but DELL is reasonably priced and has turned in strong numbers this quarter. The stock posted a split adjusted $55 in February. At $40, DELL is more than 25% off of that high and this would signal a buy for some investors.