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.
Richard Saintvilus is a private investor with an information technology and engineering background and has been investing and trading for over 15 years. He employs conservative strategies in assessing equities and appraising value while minimizing downside risk. His decisions are based in part on management, growth prospects, return on equity and price-to-earnings as well as macroeconomic factors. He is an investor who seeks opportunities whether on the long or short side and believes in changing positions as information changes.

If you liked this article you might like

10 States Where the Wealthiest Executives Call Home

DiCaprio, De Niro Headline List of Major Celebrities Hosting Hurricane Telethon

Lenovo Posts Surprise Loss as Chip Shortages Squeeze Margins

Dell Takes On Cloud Leaders With New Payment Model

How to Play a U.S. Trade War With China