For the current quarter, Dell said it anticipates a 15 percent increase in revenues to more than $9.7 billion, and a 26 percent increase in earnings per share to 24 cents per share.
While Dells results are indeed impressive, they didn't exceed company or analyst expectations, and the companys stock slipped nearly 2.5 percent in afternoon trading today on concerns that it might be overpriced. The value of the companys shares, which are currently trading at $31.40 a pop, has sky-rocketed 40 percent since February. "Most of the good results had already been factored into the stock price," says Desai.
Eugénie Larson, Reporter, Byte and Switch
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