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Dell (DELL +2.2%) is seeing a much-needed rally after Pac Crest argues the company's enterprise...

Dell (DELL +2.2%) is seeing a much-needed rally after Pac Crest argues the company's enterprise hardware/software/services ops, which now make up over half of gross profit, will offset PC weakness, and that downside is limited. Dell only trades around 4x EPS after backing out net cash, but revenue is steadily declining and earnings are being propped up by huge buybacks. FQ3 results arrive tomorrow.
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