From Briefing.Com this morning re. DELL:
Computer Systems & Peripherals
Brief: Using Monday's low of 77 1/4, Dell had fallen nearly 22% in the past 19 days - Over the past 18 months the stock has had 5 such corrections (pullbacks lasting more than one week and totalling more than 10%)... On average, the pullbacks lasted 15 days and totalled 20.5%... Stock rebounded 4+ points on Tuesday... Hmmmm... think the correction is over?... Sounds like a buying opportunity to us... Hewlett-Packard cut prices on 4 of its hubs by as much as 37%... HP, like most other PC makers, ended up fractionally... Aside from Dell, Gateway was the other big winner, adding 2 3/16... In contrast, IBM led the losers, dropping 1 5/8... Disk drive makers finished the session little changed with the exception of EMC Corp (+1 13/16)... After the close, Komag said it would be cutting its workforce by 10% and that it would be taking a charge of as much as $185 mln in Q2... In addition, company said it's forecasting Q2 sales of $75-$85 mln, down from $100-$125 million it had previously expected... But wait, there is more... Komag also said it would report a Q2 loss similar to $58.2 mln Q1 loss, or $1.10 a diluted share.
|
