The sentiment is that there needs to be, or will be, a significant 20 percent or plus work-force reduction.

Overall, it seems unlikely that Dell’s share gains would be enough to offset the potential loss of Intel marketing monies.

Dell was able to gain PC share while sustaining moderate ASP (average selling prices) declines and benefiting from component cost declines. The PC market unit growth was 15% during calendar Q4 and Dell gained share.

The growing strength of AMD puts Dell in a favorable bargaining position with Intel, in our view. Even if Dell does not move to adopt AMD, it is likely to continue to use them as...

As much as we had hoped that our reseller checks would have been more encouraging, the fact is simply that demand continues to remain weak, with no imminent rebound,

We expect that currency headwind, which will negatively impact Q1 growth … and rising memory prices, will force Dell to keep expectations low.

Our channel checks indicate that Sun’s new line of x86 ‘Galaxy’ servers are not yet shipping. This is disappointing given the high profile launch Galaxy received seven weeks ago.

Beneath the headline numbers, Dell’s FY Q4 06 was not confidence inspiring. Dell didn’t gain PC share in the quarter, despite the fact that its gross margins declined meaningfully and the company had an extra...

I think companies have been so focused on improving operations. Quite frankly, they have been somewhat negligent about their burgeoning cash balances.

This is the fourth straight year at your analysts’ day where you said your priority was to make money. It’s the third straight year where you’ve said your priority is to grow. You haven’t fulfilled...

Should investors buy the stock now? No. There is too much uncertainty…for investors to get comfortable with the stock short-term.

A workforce reduction of 10 to 15 percent (3,800 to 5,700 people) now seems more likely, but may not be enough to satisfy current investor expectations.

Since he took over, the stock has gone up 25 percent, so clearly the market…appears to be expecting material cost-cutting, of which I would presume a significant ingredient would be work force reduction.

The fourth quarter is likely to be filled with anxiety-provoking rumor and speculation – not fun for investors. Moreover, we do think that many investors may feel that they have heard too many excuses about...

Our channel checks do suggest that overall IT spending is fairly strong … but that [Sun’s] quarter did not experience a material acceleration.

While Sun has held its own in Unix servers in our recent surveys, we believe that Unix market revenues are unlikely to grow materially going forward, and accordingly, that Sun will need to improve its...

This is consistent with our February 2002 worldwide IT spending survey results, which indicated that IT budgets remain highly uncertain and that IT capital spending growth in 2002 is likely to be modest.

Sun’s fundamental story does not appear to be changing.

Xerox would present such an unfathomable integration challenge. Really, when you think about it, Xerox would like to be more like HP. The page volume is moving more to printers, and you wonder why HP...

Suggesting that quick fixes are likely may be underestimating prevailing market dynamics.

This is the fourth straight year where your priority is to make money. It’s the third where your priority is to grow . You haven’t fulfilled those priorities.

Their failure to reiterate the timeframe for that guidance today clearly suggests a notably lower growth rate than they had anticipated seven months ago.

We think that the fourth quarter will demonstrate Dell gained PC share, particularly in highly scrutinized international markets, and that the company struck a better ‘balance’ between revenue growth and profitability.