The Nasdaq Composite Index, which is composed of technology related stocks, dipped 0.31% falling to 2169.18 points. Despite strong gains from some technology companies, the index was weighed down by losses from Dell Inc. (NASDAQ: DELL), Oracle Corp. (NASDAQ: ORCL), EMC Corp. (NYSE: EMC) , Brocade Communications Systems, and IBM (NYSE: IBM) .
Dell Inc. fell 3.18% to $14.32 a share. Oracle Corp. shares also dropped as it fell to $22.14 to lose 2.04% from previous day’s market close. EMC Corp., the majority holder of WMWare Inc. (NYSE: VMW) , fell 1.17% to $16.94. IBM also dropped slightly, falling 0.21% to $127.93 a share. One of the largest losses came from Brocade Communications Systems Inc. (NASDAQ: BRCD) with losses of 8.95%. Brocade communications dropped after rumors that they were looking for buyers. Top executives from Brocade did confirm that they were looking to grow through Partnerships.
The fall from these stocks were countered to a small degree by the strong showing from Texas Instruments Inc. (NYSE: TI) which rose 0.56% to $25.28 a share. Texas Instruments is showing major signs of improvement after seeing demand begins to broaden out as their strategy to focus on analog/embedded devices paid off.
One of the largest gainers for the day was Analog Devices (NYSE: ADI) with gains of 6.44% to reach $29.74 a share. Analog Devices Inc. made use of better than expected earning to surge through the market today. Google Inc. (NASDAQ: GOOG) gained 0.13% to $583.09. Google Inc. recently acquired start up company, Teracent, to inject new life to their display ad business.
Cash matters, and Dell produces tons of it. Successful execution of its strategic initiatives should lead to more cash generation and a more valuable enterprise.
By Rodrigo CamposNEW YORK (Reuters) - U.S. stocks fell on Tuesday on lackluster economic data in a session marked by low volume and choppy trading, but losses eased after the Federal Reserve raised its expectations for growth in 2010.Stocks fell early in the session as revised government data on gross...
How much more upside potential is there after a 67% monster rally for the technology sector? After all, there are resistance levels the market tends to respect. With slashed semiconductor demand, weak earnings reports from Dell, and an uncertain holiday shopping season ahead, is the tech sector overvalued?[More...]
BloggingStocks: Hewlett-Packard (HPQ), the famous maker of printers and PCs, and a colleague of entities such as Microsoft (MSFT), Dell (DELL), and International Business Machines (IBM), issued Q4 results on Monday after the end of the trading day. Revenues didn't ... Read more
China Mobile (CHL) will be the first mobile operator to sell the much-talked-about Dell (DELL) smartphone. The Mini 3i, as its is called, is a slim, touch screen smartphone to be supported by China Mobile’s new OPhone and Mobile Market platforms.
The 3.5-inch widescreen is intended to create a big-screen experience, adding to the clarity of [...]
China Mobile (CHL) will be the first mobile operator to sell the much-talked-about Dell (DELL) smartphone. The Mini 3i, as its is called, is a slim, touch screen smartphone to be supported by China Mobile's new OPhone and Mobile Market platforms.
The 3.5-inch widescreen is intended to create a big-screen experience, adding to the clarity of images and videos. The Mini 3i is compatible with lot of applications like e-mail platforms and office productivity software. This new smartphone was produced through a year-long collaboration with China Mobile and also Dell is making substantial investment in smartphones.
Dell’s entry into the smartphone segment looks like a logical progression, as the company is already manufacturing and rolling out reasonably priced netbooks in the market. However, Dell is a late entrant into the market, unlike its peer Apple Inc. (AAPL), which has already grabbed a large share of smartphones such as iPhone 3G and iPhone 3GS.
As per the technology research firm Canalys, third quarter 2009 worldwide smartphone shipments grew 4% year on year, to 41.4 million units. Nokia (NOK) maintained its worldwide smartphone leadership position with a 40% share of the market, up from its year-ago position, but down 5% from the previous quarter. Research In Motion (RIMM) was in second place, with a market share of 21%, almost flat sequentially.
Apple’s market share was 18% in the third quarter, up from the 14% share in the second quarter, with significant improvement in the iPhone 3GS supply across many countries. HTC retained the fourth position with a 5% share.
Dell’s third quarter results were not very encouraging, with revenue, gross margin and EPS declining on a year-over-year basis. Dell suffered from the PC market slowdown. Although there are signs of recovery in this market, the smartphone market is expected to witness much stronger growth rates. Therefore, Dell’s decision to enter this market at this point is a big positive. Although initial revenue may not be substantial, the company would benefit from the growth trends, if its smartphone is well accepted.
We believe that there is no reason why Dell phone should not gain popularity, considering Dell’s history of innovation -- although the success rate could vary as competition is intense. We believe that even if Dell is able to capture a small share of the smartphone market, the additional growth opportunity would be substantial.
Companies featured in this edition of the newsletter: ACTC, CUR, CVM, DKAM, ENZ, IMUC, MFGD, NXOI, OMCM, ONEZ, PSID, XSNX
Markets continued to carry momentum during the early stages of last week, as the absence of significant economic news led to a continuation of the upward trend characterizing the past few weeks, until an earnings miss [...]
Dell reported third-quarter profits on Thursday that were down 54 percent from this time last year, though the company said it was encouraged by a slight uptick in sales from the prior quarter.
Dell's net income for the three months to Oct. 30 was $337 million, or $0.17 per share, down from $727 million, or $0.37 a share, in the same quarter last year, the company said. Revenue declined 15 percent to $12.9 billion.
Dell and Juniper Networks this week reached an OEM agreement that will let Dell offer Juniper products to datacenter customers under its PowerConnect brand.
Dell's growth plans focus on pairing its hardware and IT services offerings rather than on increasing PC unit shipments, a company executive said Wednesday, dismissing rival Acer's rise past Dell in PC sales.
Acer overtook Dell as the world's second-largest computer vendor during the third quarter, as the PC market showed signs of coming back to life, IDC said on Wednesday.
Global PC shipments grew 2.3 percent from the same quarter a year earlier, to 78.1 million units. It was the first quarter this year in which PC shipments have grown, IDC said.
