Dell Stock Plunges 10% to 5-Yr Low

[lu0s3r322]

Dell, once a corporate symbol of hyper-efficient production and marketing, stumbled again yesterday as it warned that quarterly profit would be 30 percent lower than expected.

http://www.nytimes.com/2006/07/22/technology/22compute.html

 

[ReanimationLP]

Dude, you're getting owned.

Fixed as per yg17's correction.

Cheers. ^_^

 

[sushi]

You can only sell at discount for so long.

Innovation and service is key.

 

[WildCowboy]

And once again Apple has a larger market cap than Dell...by over 10%.

Should we dredge up Michael Dell's comments about how Apple should liquidate and give the money back to its shareholders again?

 

[iBookG4user]

serves them right for the computer they sold me.

 

[mcarnes]

Awww, the Dell Cow is dying. Burgers anyone?

 

[MacNut]

I wonder if Michael Dell can be ousted from his own company.

Even Apple Computer Inc., which holds a tiny fraction of the computer market, is flexing its muscles. The company's fiscal third-quarter profit was boosted not only by iPod sales, but demand for its notebook computers as well.

Apple was able to take advantage of falling component prices in a way Dell hasn't, said Shaw Wu of American Technology Research. The analyst, who has a "Buy" rating on both Apple and Dell, said he thought Dell could withstand some of the pressure thanks to the lower component prices.

"Obviously they didn't," he said.

Microsoft Corp.'s delayed launch of the Vista operating system has weighed on Dell, Wu said, adding that it will help drive hardware sales once it is released.

Dell's news weighed on Hewlett Packard's stock as well as the tech sector in general. Shares of Palo Alto, Calif.-based HP slid $1.28, or 4 percent, to close at $30.52 on the New York Stock Exchange. Apple's shares gained 22 cents to $60.72 on the Nasdaq.

 

[yg17]

Owned.

No. It's Dude, you're getting owned

 

[Abstract]

Booyah.

 

[Motley]

Awww, the Dell Cow is dying. Burgers anyone?

No Gateway was the one with the cow, I don't think he's doing so well either.

 

[Silencio]

No Gateway was the one with the cow, I don't think he's doing so well either.

Interestingly, Gateway (along with HP and Apple) are gaining market share at the expense of Dell.

Some of the stock analysts point to internal disarray over at Round Rock as one big factor in their slide. I'm sure their declining reputation for tech support/customer service doesn't help, nor do the delays for Vista.

 

[dmw007]

Should we dredge up Michael Dell's comments about how Apple should liquidate and give the money back to its shareholders again?

Yes, please do!

Awww, the Dell Cow is dying. Burgers anyone?

No, I don't like to eat meat that is contaminated by mad cow disease.


I love the ad that is on the webpage promoting the Windows to Mac virus ratio (114,000 to 0).

 

[Some_Big_Spoon]

The stock market means nothing. Stock price is not an indicator of company health. It's a manufactured and manipulated number that only serves the legalized gamblers on wall street and talking heads of "news" shows on basic cable.

Dell is going to be fine, trust me. Take off the party hats and go back to your lives.

 

[zap2]

If I were Micheal Dell, "I'd shut it down and give the money back to the shareholders."

 

[zap2]

Should we dredge up Michael Dell's comments about how Apple should liquidate and give the money back to its shareholders again?

It seems great mind think alike

 

[dmw007]

If I were Micheal Dell, "I'd shut it down and give the money back to the shareholders."

Same here.

 

[jaysmith]

in other news, the apple stock has gone up $10/share in about 3 days. just before i was going to buy 15 shares. damn.

 

[dmw007]

in other news, the apple stock has gone up $10/share in about 3 days. just before i was going to buy 15 shares. damn.

Always good to hear that Apple's stock is doing well.

But poor Dell......

 

[lu0s3r322]

yeah it went up like $6.40 on thursday, 11.8%

 

[bousozoku]

It's interesting that their short term strategy to drive everyone else out of the market has finally started to cannibalise them as well.

Now, if they have to raise prices to compensate, it will look bad for them. If they take away hardware, they'll hide it well, but someone will notice and it will look bad for them.

In any case, it's time for HP to respond quickly.

 

[dmw007]

It's interesting that their short term strategy to drive everyone else out of the market has finally started to cannibalise them as well.

Now wouldn't that be great- Dell being the masterminds of their own destruction!

 

[REDSRT4]

i called dell yesterday and i can understand why there stock sucks

 

[bousozoku]

Now wouldn't that be great- Dell being the masterminds of their own destruction!

Dell would be following in Apple's footsteps, but with its leader at the helm of the company and no saviour in sight.

 

[dmw007]

i called dell yesterday and i can understand why there stock sucks

When I had a Dell (no longer own one thank God), everytime that I called their tech support I just wanted to take the Dell PeeCee and throw it out of my window.

Dell would be following in Apple's footsteps, but with its leader at the helm of the company and no saviour in sight.

True.