Dell’s orders, focused on large corporate customers in developed economies, are slow in our view,” he wrote in a research note this morning. “In contrast, consumer and emerging geography demand appears strong, or at least reasonable. Thus far, Vista has had no impact on demand…We believe that Dell’s [fourth quarter] margins will be flat to down vs. the October quarter (by 20-30 basis points.), which we believe is more conservative than [the] consensus view.
Bachman continues to maintain a Neutral rating on the stock.
Dell shares this morning are unchanged at $24.46.
DELL 1-yr chart