We continue to believe that Dell does not have adequate earnings power in notebooks, server and non-system revenue to offset the secular weakness in consumer and commercial desktops. |
We feel that unless business picks up substantially over the next three weeks, there is risk to our Street-below revenue estimates of $9 billion. |
We had to divert considerable resources from planning and development to security related matters. |
We view the slowdown in overall market growth, a more competitive landscape and the lack of participation in the enterprise segment as three strikes against Dell achieving its targeted growth, ... As such, we believe that what is considered a value technology play is in reality expensive, and could get much cheaper. |
We'd all like to believe Intel's forecast is conservative, but I don't think it behooves them to be conservative. I would argue they're painting a realistic picture. |
We're not seeing a situation where demand is falling off the cliff. |
We've come full circle. |
With the stock down over 40 percent from its September highs, the downside risk is measured, ... While on a relative valuation basis the stock looks attractive, historically that has not been a focal point for investors. |
With the stock down over 40 percent from its September highs, the downside risk is measured. While on a relative valuation basis the stock looks attractive, historically that has not been a focal point for investors. |