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Dell Computer Corporation (DELL) Message Board

  • faz007 faz007 Sep 8, 1999 1:26 PM Flag

    Dell #1 PC maker...news out soon...

    Very soon IDC and dataquest are about to announce
    that Dell has over taken CPQ to become the #1 PC
    maker. Aslo the company is planing to launch new
    products during this qtr including the dell's internet
    device called webster. Sales this qtr can easil top 6.5
    Billion. This stock will be trading around $65 by the end
    of this qtr.

    happy trading...

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    • NEW YORK (Reuters) - Ingram Micro Inc. (NYSE:IM -
      news), the world's top computer wholesaler, Wednesday
      said its quarterly earnings would fall far short of
      Wall Street expectations and that it had begun a
      search for a new chief executive.

      The news sent
      Ingram shares down 28 percent in trading on the New York
      Stock Exchange and also dragged down the stock of
      Ingram rival Tech Data Corp. (Nasdaq:TECD - news), the
      world's No. 2 computer wholesaler. Investors apparently
      saw Ingram's troubles as a sign of further industry
      turmoil.

      For Ingram, logistics and warehouse backbone of the
      computer industry, the stock drop represented an all-time
      low.

      Ingram blamed difficult market conditions, primarily in
      the United States.

      The earnings shortfall
      comes amid continuing turmoil in the computer industry,
      which has been hurt by falling prices.

      Stead
      said competitive industry pricing, coupled with cuts
      in rebates and incentives paid by PC makers and
      other manufacturers to Ingram's sales distribution
      network, had put extra pressure on profit margins,
      especially in the United States.

      ``In
      addition...efforts to raise prices in selected market segments
      prompted customers to evaluate other sources for their
      product purchases,'' harming sales, Ingram said.

    • <EOM>

 

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