Hi MOhan....If you and the gang haven't seen this, then here's a little nore polish for the apple..and it is taken , I might add in the correct view...WOW!!!!! Oh ..BTW...This is from the guys over at the FOOL!!!
Dell Computer (Nasdaq: DELL) fell $5 1/4 to $63 15/16 after reporting
another quarter of solid results last night. The company reported a 51%
year-over-year increase in Q4 revenues of $4.82 billion and a 65%
increase in EPS of $0.28. That amounts to sequential growth of 11%,
which translates into annualized growth a percentage point better than the
52% year-to-date revenue growth the company also reported. Capital
productivity again was stellar, with return on invested capital (ROIC) of
190%. If anything could be argued on this score, it would be that ROIC for
the quarter was down from last quarter's 217%. With a company that is
building infrastructure so quickly, though, a 27 percentage point decrease in
ROIC can't be that badly criticized, as infrastructure never grows in a fully
linear fashion. Lots of noise has been made today about the negative call
Piper Jaffray analyst Ashok Kumar made on the company's desktop unit
growth slowing during the quarter. The story for the quarter isn't just
desktops, but overall sales and unit growth in all categories, including
laptops, workstations, and servers. Which is more important: 11%
sequential growth in units for $1,800 desktops, or 16% sequential growth
in laptop unit sales and 29% sequential growth in enterprise unit sales? Dell
can hardly be faulted on its desktop unit performance when you look at the
overall product mix and maintenance in average selling price sequentially,
especially when a shortage of Xeon chips held back enterprise growth
during the quarter. The slowing-desktop-unit-growth thesis as a bottom line
assessment of the quarter is way off the mark and is blind to the real story
of how well Dell did this quarter.
Now that's real reporting!! None of that BS here,,,Thank you Mr.Kumar...VBG |
