Dell (NASDAQ:DELL) reported revenue of $14.4 billion and GAAP Earnings of $.36 per share. The stock is selling off significantly after hours which could create a nice buying opportunity. I've been extremely impressed with Michael Dell since he took over the reigns as CEO again. He has shifted the business to services from hardware which is having extremely positive effects on the profit margins of the company. A weak quarter is really not a surprise given the macroeconomic issues the company is facing. I'm going to dig into the quarter much deeper but the stock is finely at a price where my interest is perked.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in DELL over the next 72 hours.