GadgetBlips - Latest Dell News Articles

The Dell Earnings Debacle: The Day After

Fri, 20 Nov 2009 18:42:06 +0000

Dell (DELL) shares have dropped 10% after yesterday’s highly disappointing earnings report for the fiscal third quarter ended October. As I noted yesterday, the company missed on both the revenue and EPS lines, posting results that suggest the company is continuing to lose share to its computer hardware rivals. As noted, the company reported revenue of $12.9 billion, up just 1% sequentially, down 15% from a year ago, and below the consensus at $13.2 billion. Per-share earnings of 23 cents a share missed by a nickel. There are largely two schools of thinking on Dell right now. The bulls generally focus on the prospects for a 2010 pick-up in IT spending generally and PCs specifically. Since Dell has higher exposure to corporate PC spending than Hewlett-Packard (HPQ) , IBM (IBM ), Apple (AAPL) or more or less anyone else you can think of, the theory is that they are the perfect play on the much-discussed, but yet-to-materialize PC refresh cycle. On the other ...

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Dell: Dude, You Laid Another Egg

Thu, 19 Nov 2009 21:17:07 +0000

Dell (DELL) shares are headed south this afternoon after the company posted disappointing results for its fiscal third quarter ended October 30. Dell posted revenue for the quarter of $12.9 billion, up 1% sequentially, down 15% from a year ago, and below the Street at $13.2 billion. Per share earnings of 23 cents a share were a nickel below the Street at 28 cents. Gross margin was 17.3%. Shipments were flat sequentially and down 5% from a year ago. Operating income was down 43% from a year ago at $577 million; net income at $337 million was down 54%. Large enterprise revenue was up 4% sequentially and off 23% from a year ago; public sector was down 3% sequentially, and 7% from a year ago; small and medium business was up 5% sequentially, and down 19% year-over-year. Consumer revenue was flat sequentially and down 10% from last year. For Q4, the company sees seasonal improvement in the consumer business, with seasonal weakness in the public sector. Dell sees Q4 revenue up from Q3. Dell ...

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Dell: Goldman Resumes Coverage With Buy Rating; Lifts Estimates

Mon, 16 Nov 2009 18:43:34 +0000

Goldman Sachs analyst David Bailey today resumed coverage of Dell (DELL) with a Buy rating and $19 price target. (The stock had been rated Not Rated; the firm had been advising Perot Systems on its acquisition by Dell.) Bailey writes that his bullish thesis remains unchanged: “Dell should see an out-sized benefit from a corporate PC refresh cycle, which we expect to begin in 2010, and the resulting share regains and incremental revenue should translate to significant earnings upside as Dell continues to optimize its cost structure,” he writes. The Goldman analyst notes that his checks “point to an aged installed base and pent-up PC demand, giving us greater confidence in a PC refresh cycle in 2010.” He sees Dell posting 12% unit growth next year. Bailey today lifted his EPS estimate for the January 2010 fiscal year to $1.09 from $1.07; for FY 2011 he now sees $1.37, from $1.35; for FY 2012 he now expects $1.55, up from $1.50. There were a couple of other ...

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Dell Confirms Plan To Sell Smart Phone In China, Brazil

Fri, 13 Nov 2009 14:31:23 +0000

Dell (DELL) this morning “confirmed” that it plans to sell version of its Android -based Mini 3 smart phone in China through China Mobile (CHL) , and in Brazil via the Claro unit of America Movil (AMX) . The company said details on the phone models will be announced on a parrter-by-partner basis as devices become available in stores, which is expected in late November for China Mobile and by year-end for Claro. In August, Dell had confirmed that it was developing a phone for China Mobile. At the time Engadget noted that the phone has a 3.5-inch touch screen with a 360-by-640 pixel resolution, and runs a variation of Android called the Open Mobile System.

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Juniper: Oppenheimer Turns Bullish

Fri, 13 Nov 2009 14:18:22 +0000

Juniper (JNPR) shares are modestly higher in early trading after Oppenheimer analyst Ittai Kidron upped his rating on the stock to Outperform from Perform, setting a $31 price target. The stock closed yesterday at $24.70. Kidron writes in a research note that the carrier spending on IP routing should recover next year, and then return to double-digit growth rats. He also believes data center consolidation and virtualization “opens the door for Juniper to leverage its high performance solutions and expand its enterprise market presence driving share gains.” And he while “ HP is a missed OEM opportunity,” he still thinks there are “material multiple upside opportunities” for comparable deals at IBM and Dell . Kidron contends the stock is “an attractive long-term core holding.” JNPR this morning is up 55 cents, or 2.2%, to $25.25.

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Dell smart phone to debut in China, Brazil (AP)

Fri, 13 Nov 2009 11:12:28 +0000

AP - Dell Inc. is jumping into the "smart" phone market this month in a deal with China Mobile, the country's biggest wireless carrier.

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