Kemble,
Here's some more good DELL news from Askok Kumar. (yes you read it right...Kumar) <g>
*Extra* Dinging Dell? Not Any More, at Least Not
From Piper's Kumar
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."
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I love it.
GO DELL!
Steve
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