Dell (DELL-OLD) receives more cautious comments (previous) ahead of Tuesday's FQ2 report, albeit from analysts reiterating Buys. Brean Muray's PC checks lead it to believe Dell will guide below consensus, while Stifel thinks industry conditions need to improve before shares rally. The comments came after Lenovo (OTCPK:LNVGY) gained 6.3% in Hong Kong thanks to another strong earnings report: revenue rose 35% Y/Y to $8B, and the company is closing in on unseating H-P (NYSE:HPQ) as the world's #1 PC vendor.