Analysts to Tar and Feather
Oh well what the hell, I guess I'll fill in Don Young too.
Ashok Kumar, Piper Jaffray
- Expects $0.16 in Q1 00, in line with expectations.
- Expects revenues of $5.5 B, but allows for a possible $150-200M extra.
- "We just don't think Dell has sustainable momentum"
- "Right now the direction seems to be very negative" though he has a buy rating on it.
- Points to signs that the 'Y2K lockdown' has started, even though no signs exist.
Steve Milunovich, Merrill Lynch
- Expects Dell to pick up, citing large backlog at end of Q4 99.
- "Our surveys show Dell generally gaining share in corporate accounts."
- Expects gross margins to decline to 22 percent from 22.4 percent in Q4 99, due to sales of sub-1K PCs and a shortage of notebook parts.
Cody Acree, Southwest Securities
- "The expectations are back at a higher level."
- Rates the stock "Accumulate."
- "If they come in at 38 or 39 percent, I think there's going to be some cause for concern."
Don Young, PaineWebber
- Cuts Dell to neutral from attractive.
- Cites industry-wide problems, ignoring HPW, IBM and others.
- Apparently has fallen off the face of the earth to avoid explaining his downgrade.
- "The execution problems of the indirect channel could begin to put a drag on Dell's financials..."
- "To Dell's credit, the company is clearly the best positioned PC hardware manufacturer with its superior direct model execution"
- Confused |
