Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

BoA Reiterates Buy on Dell


Bank of America Reiterates buy on personal-computer maker Dell Inc. (DELL).

Analyst Keith Bachman says while first-quarter revenue and earnings per share were in line, he views second-quarter guidance very positively, as it implies higher year-over-year growth rates, 16% to 18%, vs. first quarter.

He believes raised guidance is primarily due to improvement in the U.S. PC demand. He believes the company's comments are a mild positive catalyst for the sector, though he believes the PC market has higher volatility in demand than other hardware areas

Bachman also believes that Dell has higher exposure to the U.S. and is therefore more influenced by changes in U.S. demand. Hence, he doesn't see significant changes in tech spending levels, based on the company's comments.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus