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

To: Mohan Marette who wrote (130044)	5/31/1999 8:21:00 PM
From: Patrick E.McDaniel	Read Replies (1) \| Respond to of 176387

Mohan, I watched the Wall Street Week show and caught the DOW 60,000 forcast. My question is "Where will Dell be at in 2016?" Will Michael Dell be an AARP member and looking for senior citizen discounts or CEO of IBDell? :o)

To: Mohan Marette who wrote (130044)	5/31/1999 10:32:00 PM
From: VICTORIA GATE, MD	Read Replies (1) \| Respond to of 176387

Mohan Marette I know you like good news on dell Dell Computer Is 'Quite Pleased' With 2Q Sales, Executive Says Hong Kong, May 31 (Bloomberg) -- Dell Computer Corp., the world's biggest direct-seller of personal computers, is ''quite pleased'' with its sales so far in its second quarter ending July 31, said a top executive in an interview. The company recently reported its second straight quarter of slowing sales growth. Sales for the fiscal first quarter ended April 30 rose 41 percent, less than the year-ago quarter's increase of 51 percent and slower than the average 54 percent growth Dell had in the previous eight quarters. So far in the second quarter, ''we are all quite pleased,'' said Chief Financial Officer Thomas Meredith. He declined to provide specific figures. Dell expects to increase sales in Asia, particularly China, the fastest-growing computer market in the region, he said. In August, the company opened PC production facilities in the southeastern Chinese city of Xiamen. Dell now ranks 10th in China by market share. Sales from Dell's China operation more than doubled quarter- on-quarter in the three months to March, after more than tripling in the last quarter of 1998. ''Our Chinese operation is actually the fastest-growing affiliate in the company's history,'' Meredith said. ''We are increasing our investment in China, and I would expect that to continue for the foreseeable future.'' Sales in China, Japan and the rest of the Asia-Pacific region, which accounted for 7 percent of the company's sales in the quarter to April, will rise to at least one-third of the total ''over the course of the next several years,'' he said.