Harry
it seems that the erarnings is just a rumor and probably not true (see below). But it is true that everyone is lowering Dell's expected growth rate which is just as bad....
Regards
-Albert
10:29am EDT 10-Aug-00 Wit SoundView
Dell (DELL) Price: $41.75 Strong Buy 8/10/00
(FYE JAN) F00 F01 F02 Curr. Last Yr. Ago
Revenue ($M) 25,264 33,487 42,528 7,790 7,280 5,537
EPS .68 .94 1.25 .20 .19 .16
Summary:
Feedback from field sources that we have collected in the last several days indicated that July demand was similar to June; maybe a little better in consumer but still somewhat sluggish y/y. Early August feedback sounds better. We have heard nothing to change our view that 2H will be substantially stronger as the Win2K product cycle begins to get traction. Based on this, and our survey work, we think DELL will remain upbeat on the call, although probably has
little to gain by being promotional. We think our number, somewhat below street estimates, are achievable but look for little upside. Maintaining our focus on CPQ.
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07:38am EDT 8-Aug-00 Bear Stearns
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Key Points
*** Dell Computer is scheduled to report on Thursday, August 10 after the close. As we have noted elsewhere, we believe the company will meet or beat our EPS of $0.20 vs. $0.19, but could miss our revenue estimate of $7.83 billion -- coming in closer to $7.7 billion, owing to softer business in Europe and U.S. federal offsetting strength in U.S. corporate, Asia and Japan.
*** At the margin, the shortfall should not be that meaningful, ................
*** We also have some larger concerns in the back of our mind, which we hope
to resolve. We get a sense that Dell is somewhat unfocused -- the company almost seems to feel a "stigma" attached to being in the PC business. Instead of focusing on dominating that industry (making aggressive partnerships and being a leader), it almost seems as if the agenda is to highlight all the other businesses. Moreover, as IBM, Compaq and Hewlett-Packard go direct .............. |
