Until then, it would be hard to consider these shares attractive, even at such depressed levels, as they are likely not going anywhere for a while. Instead, shares of HP and Cisco (CSCO), with which it competes, are more compelling plays.
As much as I hate to say it, it seems Wall Street has gotten this narrative correct. However, for Dell, it should consider that it is time to change the conversation as RIM not only would make the story more interesting, but it could potentially signal the next chapter in Dell's lackluster growth.
At the time of publication, the author was long AAPL and held no position in any of the stocks mentioned.This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.