Tuesday, November 21, 2006
Dell Computer (Dell)
Dell is indicated to open a skosh higher this morning ahead of its 'preliminary' results after the bell today. I will have more analysis a little later, but if HP reported great results recently and its stock went south, what direction will Dell's shares go after its expected lackluster results are released? There could be a sense of relief if guidance is provided with respect to the SEC investigation, but given that we know the other part of the equation - that HP, et al are cleaning Dell's clock - there doesn't seem to be much hope for the Dell bulls, some of whom have loaded up big time on Jan30 calls. More later.