Dell Computer Corp.
Oct , 2 , 2002 , 14:00 : Key Points
We continue to rate Dell Market Perform/Market Perform, still expecting the stock to trade in a range of low to high $20s in a difficult market environment. However, Dell continues to execute well with share gains and clearly is making progress in its diversification efforts into the enterprise. Longer term, we believe that Dell's earnings stability and growth ultimately will lead the shares higher for those with a time horizon of 12 months or more.
Dell's analysts’ meeting was largely a theme of share gains, specifically in the enterprise segment—including external storage. Management emphasized that revenue and earnings could continue to grow even if the economy does turn for the better in 2003.
We confirmed that Dell's storage initiative with EMC is continuing to grow rapidly sequentially, with expectations of more than $100 million in sales of EMC's CLARiiON storage this quarter. Given the current growth rate, we expect Dell to be a 10% customer for EMC, perhaps as soon as the December fourth quarter.
unterberg.com
$100M per quarter already in a little over a year!!! And they've barely scratched the surface of the joint product development potential of the alliance. Take this one patent embodiment, for example.
.....As should be appreciated from the foregoing, in addition to providing statistical information for mechanical performance analysis, the logging subsystem aspect of the present invention can also be employed as a resource by both the host computer and the storage subsystem so that various decision-making processes running thereon can employ the information included in the logging subsystem in making decisions to achieve better system performance. Such use of the logging subsystem can be performed automatically, without the intervention of a system administrator.
HPQ's bankers ($8B debt) must be reassessing their most cherished assumptions about the merged company, which by the way, now contains the recessive failure genes of DEC, Tandem and Compaq.<g> |
