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- Dell (NASDAQ:DELL): Colour on quarter
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Several tier-1 firms are defending Dell (NASDAQ:DELL) this morning following FQ2 results:- Merrill Lynch notes Dell remained on course to reignite growth and in F2Q08 it gained share across its primary product segments and grew revenues 11% YoY, above their 6% estimate. However, aggressive pricing and increased deferred services revenue in EMEA resulted in gross margins over a pt. below MLCO estimate and a $0.03 miss on EPS. Firm reiterates their Buy rating and $27 price objective based on Dell’s traction in share gains as it benefits from the investment phase of its turnaround and in the long term operating leverage improvement….
Original Source: notablecalls.blogspot.com
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29 August, 2008| Derivatives |
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