The Five Dumbest Things on Wall Street This Week

Stock quotes in this article: DELL , MIK , TRB , BA , VG  

5. A Cold Day in Dell

Platitudes are plentiful lately at Dell (DELL Quote).

The Round Rock, Texas, computer giant is slumping after a decade of sparkling performance. Shares have fallen almost 40% over a year as earnings and sales growth have topped off.

A piece in Thursday's editions of The New York Times offers some insight into the company's troubles. The piece focuses on CEO Kevin Rollins' push to restart growth and boost profitability. But reader Frank Kilpatrick says the reason for Dell's decline is evident in comments by a lower-level exec, senior vice president for the Americas Joseph A. Marengi.

"There is a feeling of 'let's get this back to where it should be,' " Marengi confides to the Times. "It's basic business, but at the end of the day, there is a sense of urgency."

Yes, it's basic English, but that may be the most cliche-ridden comment ever.

Dumb-o-Meter score: 73. "Our goal is to provide the best quality and value to global customers like Unilever," the ever-insightful Marengi said in a press release last month.

  • Loading Comments...
  •  
1 2 3 4 5
Next >

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

In our award-winning effort to enrich the reader experience, the Five Dumbest Things Lab now scores each item using our proprietary Dumb-o-Meter. This cutting-edge technology employs a finely calibrated, 100-point scale measuring sheer Dumbness, as calculated via a closely guarded secret formula.

Got your own idea for the dumbest thing of the week? Let us know.

Want to get your Five Dumbest in the mail? It's easy. Just become a TSC member -- it's free -- and you'll receive the Five Dumbest in our Before the Bell email newsletter every Friday. The rest of the week, before each trading day, Before the Bell gives you a comprehensive look at the stocks expected to move the market, plus access to a sampling of our premium content from RealMoney. Click here to sign up for Before the Bell!

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,273.95 1,091.24 2,174.79 33.92
Oil *
75.29
DOWN
116.16
DOWN
12.01
DOWN
14.82
DOWN
0.56
10 Yr
3.39%
SPDR Gold
110.55
-1.12%
-1.09%
-0.68%
-1.62%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services