Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

UBS Piper Keeps 'Outperform' on Dell

UBS Piper reiterates its outperform rating on Dell Computer (DELL).

Analyst Ashok Kumar says the upside was driven primarily by storage sales, with marginal contribution from servers. He notes the company's worldwide server share is about 23%, but says its primary success is in low-end rack dense configurations (a 65% mix). He says the revised third-quarter revenue of $9.1 billion is $220 million above Dell's prior guidance.

Kumar maintains his 7% sequential revenue growth estimate in January, but increased his absolute numbers from $9.5 billion to $9.7 billion. He also raised his $34.925 billion fiscal 2003 (Jan.) revenue estimate to $35.325 billion. Based on the earnings power of $1.00 for calendar 2003, Kumar thinks Dell is fairly valued in the $25-$30 range.

blog comments powered by Disqus