Dell exudes confidence!!!!! Best report I've seen all day from ZDnews.
ed a:
Here is something interesting.
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Excerpts only from ZDnet.
Dell: We'll keep rolling along
Michael Dell and his top lieutenants say sales will stay strong, despite rivals' problems....
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Chief Financial Officer Tom Meredith later declared, "We are pleased with our position over all geographies, all product segments and all customer segments" -- sounding more like an evangelist than a corporate executive as he spoke.
.."What you have from us is a commitment ... (that) we will continue to grow at a multiple of the market and we will also provide you with quarterly growth," Meredith said directly....
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To insulate itself against the downward pressure on PC prices being felt industry-wide, Dell officials described how the company was focusing on boosting the percentage of revenues its receives from items other than PCs themselves.
These include follow-on sales of peripheral products like printers, customer financing arrangements and computer services to help customers install and maintain PCs....
Dell officials said 38 percent of revenues come from non-hardware items, up from 31 percent a couple of years ago....
'Enhanced' IBM deal
Responding to an audience member's question about Dell's recent $16 billion technology supply pact with IBM, Meredith said the value of the seven-year deal could rise if IBM lives up to its commitments. "I think we can surpass that number," he said, referring to the $16 billion figure.
He alluded to how the relationship could involve additional ties to IBM's Global Services division, which could provide Dell customers with computer services that Dell is not equipped itself to provide....
Mohan: Looks like the gang learned the lesson from Q4 and they are well aware of what will happen if they disappoint again in Q1.Meridith says so here,certainly a good sign.
...Meredith said the main lesson of the fourth quarter disappointment and the resulting sell-off in the company's high-flying stock was "Don't miss." Missing the quarter is Wall Street's jargon for failing to meet analysts' expectations for either revenues or earnings.....
Here is the full report.
zdnet.com |
