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

To: Mick Mørmøny who wrote (127907)	5/23/1999 1:01:00 AM
From: taxman	Read Replies (2) \| Respond to of 176387

> THE BULL MARKET REPORT WEEKLY for May 22, 1999 > Volume 18, #17w > PART ONE > > $$$$$ DELL QUARTERLY SALES RISE 42 PERCENT > > Dell Computer, the #2 ranked personal computer > maker, reported that > first-quarter sales rose 42 percent, and > profits rose by the same amount. Dell > reported net income of $434 million, or 16 > cents per share, up from $305 million > or 11 cents, a year ago. The earnings met > expectations of analysts. Revenues > for the April quarter totaled $5.54 billion, up > from $3.92 billion a year ago. > Sales generated on its Internet site reached > $18 million per day, or about 30 > percent of overall sales. > > COMMENT: The company met expectations. Great. > No further comment necessary. > The company executes - it doesn't gloat about > it - it just executes. And the > last sentence above? WOW. This is up from $14 > million a day last Q. Multiply > by 365 days and you get something really > impressive: $6.6 billion a year on the > Internet. > > Where's the stock going from here? Good > question. The answer depends not so > much on the growth of the firm as it appears > they can keep up these 30-40%+ > quarter for some time to come. The key is the > PE. At 16 cents of income for > the Q or an annualized rate of 64 cents, this > makes the PE 69 at today's closing > price - and that is on forward earnings. Very > high, but for the past five > years, very deserved. Can Dell maintain this > PE in the future? That's the > question! > > regards