Kevin Rollins, CEO at Dell, impressed a Boston’s investor lunch meeting organised by SG Cowan yesterday. So much so that they’re now seeing Dell providing 20%+/Annum Earning Per Share growth over the next two years.
They report strong current demand and a lowering of component pricing. While thinking Dell’s shares are fully valued near term, they are buoyant long term, rating them as “attractive.”
Most growth will be in the Enterprise space, and they are a little wary of the Consumer space, as margins are so thin.
They see Dell continuing to disrupt the printer market, recognising that it is a “step-by-step” multi-year process.