LP, this report referred to Q2 so it's 90 days old.
After Q3's report and Friday's stock action, Bloomberg reported:
... Chief Financial Officer Tom Meredith indicated that sales in the fourth quarter will rise 7 percent from the $6.78 billion in the third, less than the 10 percent analysts expected, said Dan Niles at Robertson Stephens & Co. At the same time, profit margins, hurt because of higher component costs and lower PC prices, won't fully recover in the fourth quarter.
``This has been a slow bleed,' said Niles, who has a ``long- term attractive' rating on Dell. ``First they brought down margins, now they're bringing down the revenue.'
Meredith, who spoke to analysts and investors yesterday on a conference call following Dell's third-quarter earnings report, didn't offer an explanation for the slower revenue growth.
... |
