Dell Looks Great, but Questions Linger at Applied Materials

Should be a Dell rocket ship tomorrow. As for AMAT, let's listen to that conference call.
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Just some quick thoughts as we sort through

Dell

(DELL) - Get Report

and

Applied Materials

(AMAT) - Get Report

after the close.

Dell -- excellent earnings report. Revenue at the high end of the range. Looked strong, whisper number beaten back. It's like this company had something to prove. Should be a Dell rocket ship tomorrow.

AMAT had great earnings per share, nice revenue -- but orders right below the whisper number. Confusing, 'cause lately the rumor had been that the company would miss the $1.5 billion number. Stock probably down unlesss the conference call is good. We'll have to see how they sound on the phone.

Good Dell. Questions about AMAT.

Jeff Berkowitz is a partner in hedge fund Cramer Berkowitz with James J. Cramer, co-founder of TheStreet.com. At time of publication, the fund was long Dell. The fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that the fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Berkowitz's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.