In the near term, the news is positive. It shows the company is doing a better job of forecasting and managing expenses.
More Quotes from Kurt King:
Dell looks like a momentum play and is ready to get back on its old path of meeting or beating estimates.Kurt King
The Unix server business is more of a wild card. They're either going to have to gain some market share or accelerate their efforts on the services and software side. But the markets they're going after certainly support that kind of growth.
Kurt King
This was a solid quarter for Dell. But by their unique standards, it's not a home run.
Kurt King
The former is definitely fixed and the latter is less of a concern after what we think was a strong July. We think the stock could quickly get back to 70 up 27 percent from here if GTW can just make its third-quarter revenue number ... we're maintaining estimates and raising our target price to 80 from 75.
Kurt King
I expected them to sacrifice margins a little more to help the top-line number.
Kurt King
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