Friday, February 11, 2005


The market was disappointed with Dell's quarterly results and the stock is trading down. This should be viewed as buying opportunity.

Sales were up nationally and internationally. Market share was up for all product lines. HPQ and IBM gave up during the quarter. Dell has a PC market share of 16%. This is still a fragmented business and Dell has room to grow. Dell has quickly taken printer business from HPQ and is going after the hand held markets with a vengeance. Dell just announced a 30 Gig music player for less money than the smaller Apple I-pod.

The stock has gone sideways for several years while the company has grown considerably. Sooner or later the stock will go up. It will not be the super star of days gone by but it will provide solid returns for the patient investor.