Needham & Company Cuts Estimates on Dell (DELL); Revenues, Profits...Are You Out There? Hello?
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Price: $13.35 --0%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 9 | New: 13
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 9 | New: 13
Trade DELL Now!
Needham & Company maintains a 'Hold' on Dell (NASDAQ: DELL).
Analyst, Richard Kugele, said, "Where do we find the lost revenues and profits from the PC world? Are they in Washington? Greece? Cupertino? The PC industry seems now to have staked everything on the successful launch of Win 8 to consumers and Win 8 (Nasdaq: MSFT) tablets to corporations. If these offerings fail, we are unsure if OEMs can apply tourniquets to their hemorrhaging businesses or shift to other categories quickly enough to stem the losses. We argue that even with Dell’s higher corporate exposure (~75% of PC business) they are not immune. Thus we maintain our Hold on Dell despite the newly minted dividend and a seemingly
compelling valuation excluding cash."
Kugele chops FY13 EPS estimates from $2.05 to $1.71 and FY14 from $2.20 to $1.76.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $12.34 yesterday, with a 52 week range of $11.39-$18.36.
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Analyst, Richard Kugele, said, "Where do we find the lost revenues and profits from the PC world? Are they in Washington? Greece? Cupertino? The PC industry seems now to have staked everything on the successful launch of Win 8 to consumers and Win 8 (Nasdaq: MSFT) tablets to corporations. If these offerings fail, we are unsure if OEMs can apply tourniquets to their hemorrhaging businesses or shift to other categories quickly enough to stem the losses. We argue that even with Dell’s higher corporate exposure (~75% of PC business) they are not immune. Thus we maintain our Hold on Dell despite the newly minted dividend and a seemingly
compelling valuation excluding cash."
Kugele chops FY13 EPS estimates from $2.05 to $1.71 and FY14 from $2.20 to $1.76.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $12.34 yesterday, with a 52 week range of $11.39-$18.36.
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