This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dell Sees Stability, Street Sees Softness

Dell (DELL - Get Report) is trying to call a bottom in IT spending. But modestly in-line projections failed to spark confidence.

The Round Rock, Texas PC maker offered a financial update Monday calling for sequentially improved sales, which would be in line with Wall Street's expectations. The gains, however, come with a narrowing of gross margins, says Dell, blaming expensive parts and heated price competition.

Dell vowed to keep pushing toward its goal of eliminating $4 billion in costs. And looking ahead at the long-range forecast, Dell says it expects sales to grow between 5% and 7% annually.

That is slightly higher than the 4.7% growth rate analysts are expecting for 2010.

Dell provided the update ahead of its analysts' day conference Tuesday.

"One of our strengths is understanding customer needs and meeting them with great technology and services," CFO Brian Gladden said in a press release Monday. "To do that best, we're investing to expand on existing capabilities and extend into new areas, while smartly and efficiently managing our costs and assets."

Dell shares fell 44 cents, or 3%, to $12.58 in afterhours trading Monday.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs