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Dell Computers Stock Drops after Analyst Faults Data-Storage Market Strategy.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, July, 2000 by Ward, Leah Beth
Jul. 25--Shares of Dell Computer Corp. fell Monday after an analyst said the company's strategy for the high-end data storage market is flawed.
Ashok Kumar of U.S. Bancorp said Dell "is seriously underestimating the difficulty" of winning 25 percent of the worldwide market for storage products.
Dell spokesman T.R. Reid said the company had no comment.
Its second quarter ends Friday, he said, which means the company is in the "quiet period" during which executives are advised to refrain from talking about events that could affect the stock price.
Mr. Kumar faulted Dell's storage strategy on two counts: the purchase last year of ConvergeNet Technologies Inc., which is behind schedule for its first product; and Dell's more recent...
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