Hi Kemble,
In general I am in agreement with your comments. However, the last I heard, and is somewhat dated, Apple buys processors from Motorola, not Amd. Apple and Amd stated that the revenue short fall was in the pc business, with Apple's emphasis beginning on Europe and Asia. (Hope my memory is correct on this statement:) )
Given Apple's and Amd's announcement, plus Dell's valuation, plus the continuing bear market, plus, plus, plus...the only why Dell is going is down. From what I can tell, institution(s) are now in the process of dumping Dell's stock. IMO, we are going down to the mid teens, low twenties.
Of course, in the long term (whatever long term means) Dell will be the winner and their stock will recover. However, the recovery of the stock will be a long slow process. Growth in the 30 to 50% range is over. I would suspect we will be lucky to see sustained growth in the 10 to 50% range.
In anyway, this is how I see it.
Larry |
