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Dell Computer Corporation (DELL) Message Board

  • r91198 r91198 Nov 12, 1999 2:30 AM Flag

    Fisher-N.Y. Times

    For the quarter ended Oct. 29, Dell reported

    earnings of $289 million, or 11 cents a diluted
    share,
    down 25 percent from $384 million, or 14
    cents a
    share, in the period a year earlier. Sales
    rose 41
    percent, to $6.78 billion from $4.82
    billion. The
    results reflect a charge of $194
    million associated
    with the purchase of
    ConvergeNet Technologies.


    Without the charge, Dell earned $483 million,
    or
    18 cents a share, matching analysts'
    estimates,
    according to First Call/Thomson Financial,
    which
    tracks company earnings. Analysts said the
    only
    negative in the report was that revenue growth
    of
    41 percent trailed shipment growth of 59
    percent,
    suggesting that average selling prices have
    come
    down, possibly because Dell is selling a
    higher
    percentage of consumer machines, which have

    lower prices than servers or notebook computers
    do.

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