Dell (DELL-OLD): FQ2 EPS of $0.54 beats by $0.05. Revenue of $15.66B (+1% Y/Y) misses by $102M. $2.4B in operating cash flow, $1.1B in shares repurchased. Company now expects FY12 operating income growth of 17-23%, up from 12-18%. Expects 1-5% FY12 revenue growth, down from 5-9%. DELL-OLD -5.8% AH. (PR)