Analysts Underwhelmed By Dell Meeting

Dell (DELL) is well into the second day of its two-day session with analysts in Austin; it is the company’s first full-scale meeting with the Street in three years. And so far, investors seem underwhelmed.

Earlier today, the company said its head-cutting plans will go beyond the 8,800 already announced, although it gave no details. The company also indicated that it is unlikely to pursue any large acquisitions. Dell also said it will buy back at least $1 billion of common stock in the April quarter.

The primary news from yesterday’s session was that Dell is going to move away from a build-to-order model and focus instead on producing a smaller number of pre-configured models. That should allow the company to reduce cost and produce lower-cost PCs. But if the Street was expecting some detailed financial guidance, or signs that a turnaround is taking hold, looks like they will have to keep waiting.

Dell today is up 33 cents at $20.28; yesterday the stock fell 38 cents.