Consumer Electronics
Michael Dell (DELL); Fortune-Teller (AAPL)(HPQ)
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Dell (DELL) is going to grow faster than the other global PC companies. Why? Because Michael Dell says so. That means HP (HPQ), the big Chinese PC companies, and perhaps Apple (AAPL) better take care.
The assumption does not show in Dell’s stock. It trades at $16.70, down from at 52-week high of $30.77. Year-to-date the shares are down 43%. HP is only off 7%.
According to Reuters, "You will see Dell grow faster than the rest of the industry in Europe and in the world," Dell said.
Dell’s CEO claims growth will come from Dell increasing its retail presence in the US, China, and Europe. But, what if that does not work?
Douglas A. McIntyre
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