Posts for Ticker ‘DEL’

Layoffs Spread Beyond Autos And Retail (NT)(HPQ)(DELL)(WHR)

UnemplyFor awhile, analysts had hoped that the biggest layoffs in the economy would be restricted to already troubled industries including retail, automotive, and airlines. At least companies in those sectors were losing money.

But, news out of places like Nortel (NT), Whirlpool (WHR), and Hewlett-Packard (HPQ) indicate the prophylactic job cuts are being made in almost every industry.

Even Dell (DELL), which made over $700 million last quarter and has $8 million of cash on hand is talking about sharply lowering expenses.

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Pre-Market Analyst Calls (August 20, 2007)

AGP raised to Buy at Jefferies.
CCO raised to Outperform at Bear Stearns.
DELL started as Buy at WRHambrecht.
DLTR raised to Outperform at Wachovia.
DRI raised to Outperform at CIBC.
EQT started as BUy at Deutsche Bank.
FLS raised to Outperform at RBC.
FSLR raised to BUy at Deutsche Bank.
JBHT raised to Outperform at wachovia.
LAMR raised to Outperform at Bear Stearns.
MHP cut to Neutral at JPMorgan.
MPEL raised to Buy at Citigroup.
OATS cut to Peer PErform at Bear Stearns.
RIMM target raised to $295 at Goldman Sachs.
TSM raised to Buy at UBS.
WST started as Neutral at UBS.

Jon C. Ogg
August 20, 2007