Hi Tef
OT OT
This guy has pegged DELL the last 2 Q's
In the wake of IBM's (IBM:NYSE) good news, Piper Jaffray's Ashok Kumar, whose claim to fame in this column was his early warning on a falloff in Dell's (DELL:Nasdaq) sales momentum, is out with a new report that says, "The magic is back." He's talking about Dell. According to Kumar, whose commentary here caused the hostile React-o-Meter to spin out of control, recent checks now indicate that "Dell is on track to grow units about 15% sequentially and 50% year-on-year. ... This compares to our current estimates of 9% sequential growth." What's more, if Kumar is right, Dell clearly is gaining at Compaq's (CPQ:NYSE) expense. He says Dell is currently at 70% of Compaq's quarterly run rate. "If it maintains its current
trajectory, it should surpass Compaq in the near future," he says.
If Dell's momentum continues, Kumar says it should "translate to a revenue growth rate of 45% year on year to $5.7 billion. This represents a $200 million upside to our consensus revenue estimate. The 10% sequential revenue growth is impressive, not only because it is at the high-end of historical sequential growth, but also because it is off a larger base."
thinkin 50 before earnings
Perry
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