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Sell-side commentary on Dell (DELL -14.1%) is predictably bleak following its huge FQ1 miss (I,...
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Wednesday, May 23, 2012, 9:35 AM ETSell-side commentary on Dell (DELL -14.1%) is predictably bleak following its huge FQ1 miss (I, II) and admission it's suffering from tablet cannibalization, soft enterprise demand, Asian competition, and sales issues, among other things. Deutsche is downgrading shares to Neutral, while Brean Murray voices concerns about the impact of Dell's sales problems on its efforts to lower its PC exposure. Sterne Agee, which upgraded Dell last week, wishes it kept its Underperform rating. (transcript)
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