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During its FQ1 earnings call (webcast), Dell admits its 10% Y/Y drop in notebook sales had much...
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Tuesday, May 22, 2012, 5:36 PM ETDuring its FQ1 earnings call (webcast), Dell admits its 10% Y/Y drop in notebook sales had much to do with tablet cannibalization (more with consumers, but also among businesses). Dell also claims price competition (especially in emerging markets) hurt PC sales, and an inefficient sales structure affected enterprise sales. Also, it adds April was particularly weak, and some enterprises are delaying IT purchases. DELL -12% AH. HPQ -2.5%. INTC -1.1%. (presentation - PDF).
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I was a big fan for many years but now they lost me and I suspect many others like me. There is something seriously wrong with this company and it hasn't been great for a while.