It's the beginning of the end.
"Just last month, Dell warned that for its fiscal second quarter ended
Aug. 4, it expected earnings per share to be 21 cents to 23 cents, down
44 percent to 49 percent from the year-earlier period and substantially
below analysts' estimates of 32 cents per share. Dell said its fiscal
second-quarter revenue should reach $14 billion, up 4.3 percent from
second-quarter 2005 but below analysts' expectations of $14.2 billion.
Dell blamed the shortfall on "aggressive pricing in a slowing commercial
market worldwide." But analysts and some customers say there are other
things contributing to company's shortfall, namely service and technical
glitches.
Cindy Shaw, vice president of research, computer hardware and services
at Moors & Cabot, an equity research firm in San Francisco, said in a
report last month, "We are reducing estimates and our price target to
reflect increasing concern about Dell's customer experience challenges
and ability to succeed given current market trends."
Shaw, in the report, said she was responding in part to a Better
Business Bureau (BBB) report that for every PC or printer sold to a U.S.
consumer, a Dell customer is about 2.5 times as likely to complain to
the BBB as a Gateway customer and possibly 16 times as likely as an HP
customer. "
http://www.crn.com/sections/coverstory/coverstory.jhtml?articleId=191901795&printableArticle=true
I can't find the graphic but Dells' sales are waning by the day.
Ben Ruset wrote:
Uhm, there is nothing in the WSJ today, and in fact Dell's share prices
are up 1/2 point right now.
http://finance.yahoo.com/q?s=DELL
Historical: http://finance.yahoo.com/q/hp?s=DELL
Date Open High Low Close Volume Adj
16-Aug-06 22.13 22.88 21.80 22.73 32,107,700 22.73
15-Aug-06 21.41 22.20 21.39 22.08 26,268,600 22.08
14-Aug-06 21.37 21.95 21.11 21.24 23,928,900 21.24
11-Aug-06 20.90 21.30 20.74 21.07 21,720,900 21.07
10-Aug-06 21.06 21.25 20.88 20.99 17,882,200 20.99
But hey, this is THG! Lets all bash Dell because it's the cool thing to do!
joeuser wrote:
The writing is on the wall Ben. Temporary? Read your periodicals.
--
Cheers,
joeuser (still looking for the 'any' key)
