(Updated with fresh stock quote)Dell's ( DELL) analyst day may not have delivered the warm afterglow investors were hoping for, but the tech bellwether could still offer plenty of upside, even in a difficult economy. Dell shares fell after the Round Rock, Texas-based firm Tuesday after the firm forecast a decline in its gross margins and warned that IT spending will not rebound until 2010. After months of economic doom and gloom, this was hardly music to the ears of investors desperate for good news. Dell, like IBM ( IBM) and Intel ( INTC), is a key indicator of the health of the tech sector, and, as a major PC maker, is a good barometer for consumer confidence.
Dell's Day of Reckoning