Dell (DELL) Makes Push to Gain Traction in Enterprise
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Price: $13.48 +0.52%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
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Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
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Dell's (NASDAQ: DELL) new President of Enterprise Solutions, Marius Hass, told UBS analysts that Dell is attempting to reposition as a solutions provider given maturation in PCs. It also sees opportunity to solve enterprise problems and has "cobbled together" an attractive portfolio.
"Dell has started to introduce a server memory-sharing approach based on its RNA networks acquisition that speed application performance," said analysts. "The technology could let Dell Sell a converged system, including Dell servers, switches, RNA software, and services."
Analyst said they would be more interested when enterprise closes in on contributing half of total operating profit, which could be 12 to 18 months away.
UBS has a Neutral rating on Dell with an updated rice target of $10.50 (from $9.75)
For an analyst ratings summary and ratings history on Dell (NASDAQ: DELL) click here. For more ratings news on Dell click here.
Shares of Dell closed at $10.68 yesterday, with a 52 week range of $8.69-$18.36.
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"Dell has started to introduce a server memory-sharing approach based on its RNA networks acquisition that speed application performance," said analysts. "The technology could let Dell Sell a converged system, including Dell servers, switches, RNA software, and services."
Analyst said they would be more interested when enterprise closes in on contributing half of total operating profit, which could be 12 to 18 months away.
UBS has a Neutral rating on Dell with an updated rice target of $10.50 (from $9.75)
For an analyst ratings summary and ratings history on Dell (NASDAQ: DELL) click here. For more ratings news on Dell click here.
Shares of Dell closed at $10.68 yesterday, with a 52 week range of $8.69-$18.36.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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