Needham & Company Maintains a 'Hold' on Dell (DELL); Lowering Estimates on Messy Q1

Needham & Company maintains a 'Hold' on Dell (NASDAQ: DELL).

Analyst, Richard Kugele, said, "Dell’s mission to move up-market continues to be challenged by a weak macro environment and changing customer tastes. With so many headwinds preceding such a major OS release (Win 8) and concurrent product announcements (touch screen notebooks/Win 8 tablets) (Nasdaq: MSFT), we expect that the balance of F13 could see inconsistent performance."

FY13 EPS estimate cut from $2.20 to $2.05 and FY14 from $2.25 2to $.20.

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 $15.08 yesterday.

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