“I think it’s not unreasonable to conclude that something might be amiss and that maybe Dell’s past wasn’t as bright as folks thought — ergo, its future won’t be as bright, even if it can manage to turn itself around, which would require a heroic effort, indeed. All of this blather about new management is absurd, since the top dog has not left,” Bill Fleckenstein writes for MSN Money.
Fleckenstein writes, “Maybe I’m dead wrong, but to me Dell is a risky idea — a turnaround story in an awful business, with absolutely no margin of safety in the valuation. Hence, my short position. Hopefully, readers will find this an interesting contrast to what Wall Street regularly calls research.”
Full article here.
[Thanks to MacDailyNews Reader “LinuxGuy and Mac Prodigal Son” for the heads up.]
MacDailyNews Take: Give us an S, an I, a D! Give us an A, a G, a T, an M! Give us a B, a T, another T, an S! What’s that stand for?!
Related articles:
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Beleaguered Dell finds evidence of misconduct in internal investigation – March 30, 2007
Market researcher suggests that beleaguered Dell open high-end nightclubs – March 19, 2007
Beleaguered Dell slashes forecast for notebook shipments by 20-percent – March 13, 2007
BusinessWeek: Beleaguered Dell pulling out the pink slips? – March 08, 2007
Beleaguered Dell: Shut it down and give the money back to the shareholders – March 02, 2007
Beleaguered Dell’s earnings drop 33% – March 01, 2007
Beleaguered one-trick pony Dell faces unclear future – February 14, 2007
Biting words on Apple come back to haunt Dell – February 10, 2007
Dell faces investor lawsuit over ‘illegal Intel kickbacks’ – February 02, 2007
Michael Dell is no Steve Jobs – February 02, 2007
BusinessWeek: Welcome back, Michael Dell – don’t get too comfortable – February 01, 2007
Rollins out as beleaguered Dell’s CEO, replaced by Michael Dell immediately – January 31, 2007
Total eclipse of Michael Dell goes off as predicted – January 10, 2007
SEC starts formal probe of beleaguered Dell – November 16, 2006
Apple does it again: New Macbook Pros much cheaper than Dell – October 25, 2006
Dell feels the heat from Apple – October 04, 2006
The Motley Fool: ‘Intel to Dell: you guys stink’ – September 28, 2006
Beleaguered Dell’s OS-limited PC sales ‘declining rapidly below expectations’ – analyst – September 21, 2006
Fortune compares Mac vs. Dell: ‘you’ll get more for your money with Apple’ – September 11, 2006
AP: Time to think different, Apple Mac beats Dell on price, software compatibility, and more – August 23, 2006
Dell profit falls almost in half; announces informal SEC probe – August 18, 2006
Dell cannot compete with Apple’s new Mac Pro price or feature set – August 15, 2006
Bear Stearns: Apple’s new Mac Pro, Xserve pricing well below comparable Dell systems – August 09, 2006
Dell warns of earnings miss; shares plunge 15% – July 21, 2006
Survey shows big jump in consumer interest in buying Apple Mac; Dell takes steep slide – July 06, 2006
Dell warns 1Q earnings will miss mark; shares tumble – May 08, 2006
Apple passes Dell in market value – May 02, 2006
InformationWeek: Apple Mac run Mac OS X, Windows, and Linux; Dell and HP should be concerned – May 01, 2006
Dude, you got a Dell? What are you, stupid? Only Apple Macs run both Mac OS X and Windows! – April 05, 2006
Apple Mac is #1 in European education market, pushes Dell down into second place – February 03, 2006
Steve Jobs emails Apple team: Michael Dell not the best prognosticator, Apple worth more than Dell – January 16, 2006
Fortune: Michael Dell reiterates he’d love to sell Apple’s Mac OS X if only Jobs would license – January 22, 2007
PC box assemblers like Dell and others wish Apple would license Mac OS X – August 31, 2006
Michael Dell say’s he’d be happy to sell Apple’s Mac OS X if Steve Jobs decides to license – June 16, 2005
Fortune: PC makers realize Mac OS X is superior to Windows, they’re wooing Steve Jobs for licenses – May 26, 2005
Shut It Down And Give The Money Back To The Shareholders!
What do I win?
shut it down and give the money back to the stock holders
did i win? did i win?
You both won a Dell computer…!
Funny how arrogance and pride come back to roost.
Jobs isn’t likely to say such things – in public – but rather, just smile and concentrate on having Apple make the best products they possibly can.
i shall be watching Dell with much interest. wonder if they’ll get an infusion of money from MSFT?
An interesting, well-reasoned article.
Hasnt it been almost a full year since Dell has released a quarterly earnings statement.
Go Apple, Go Asus, Go Acer. Die Dell, Die HP.
fatal,
You would have won if you didn’t write “did i win? did i win?” TWICE!
[siz=4]S[/size]ometimes [siz=4]i[/size]Macs [siz=4]D[/size]on’t [siz=4]A[/size]ctually [siz=4]G[/size]o [siz=4]T[/size]wo [siz=4]M[/size]inutes [siz=4]B[/size]efore [siz=4]T[/size]otal [siz=4]T[/size]errible [siz=4]S[/size]hutdown?
MDN magic word: myself – as in, I entertain myself.
😀
How did I screw that up?
Sometimes iMacs Don’t Actually Go Two Minutes Before [siz=4]T[/size]otal Terrible Shutdown?
MSFT has no reason to give Dell any money – the reason they gave Apple money back in the day (in the form of non-voting stock purchase) was to prop up Apple to protect MSFT from monopoly status (Mac OS was the only real desktop game around – OS/2, BeOS, Geos, etc didn’t amount to anything).
One more time – with feeling!!
(And curse you MDN for not having a preview button!!!)
Sometimes iMacs Don’t Actually Go Two Minutes Before Total Terrible Shutdown?
Mike Dell is right now trying to pull the plug on clones and newtons and designing a blue and white all-in-one computer without a floppy drive.
“I saw this work once before.” he was overheard saying.
Fleckenstein?
That sounds like the title to the next Wayans Brothers movie.
I wish to thank JonKai for making known Dell’s accounting problems several months ago. Thank you Jonkai.
@DreamTheEndless
Ok, now lets see you do that in color!
“Funny how arrogance and pride come back to roost.
“Jobs isn’t likely to say such things – in public – but rather, just smile and concentrate on having Apple make the best products they possibly can.”
This is it—Steve Jobs’ magic bullet and Apple’s secret sauce. Apple is totally committed to making all their products the very best they can be. This is what differentiates Apple from its competitors and from big corporations in general, and this is why Apple customers love the company and Steve Jobs.
DreamTheEndless:
Was that really worth THREE posts, you lame-o?
Cash infusion from M$-interesting thought. The US automakers have actually done this, even though they’re all broke themselves, to keep certain sole-source suppliers afloat.
Come onnnn, Dream-O. Color! Do it in COLOR, you queer!!!!!
@DreamTheEndless
U R N idiot…
Apple buys Dell. Creates Apple Enterprise products using existing Dell products with OS X and XP installed with Bootcamp. Apple kills all Dell consumer products. Maybe keep a low budget box with OS X for schools.
Give us an S, an I, a D! Give us an A, a G, a T, an M! Give us a B, a T, another T, an S! What’s that stand for?!
Sycophantic Indonesian Dialectic Assimilates Garish Teutonic Machinations Belittling Tasmanian Thylacine Subjugation.
Sometimes, I Declare, Acronyms Go To My Brain. Tell Them “Stop!!!”
You guys remember Acrophobia? That game ruled.
MW: “Letter.” That’s on purpose, right?
Wow Fleckenstein is sporting a pretty good mullet! Other than that it is an interesting read. I quite like the term “Fudgement Day”. However I think that it should be used exclusively for the day that brown zune was launched…