Dallas, TX -- (ReleaseWire) -- 07/23/2008 -- Today’s TraderNotes include: Dell Inc. (Nasdaq: DELL), Apple Inc. (Nasdaq: AAPL), SanDisk Corp. (Nasdaq: SNDK), Yahoo! Inc. (Nasdaq: YHOO), Cisco Systems Inc. (Nasdaq: CSCO), and Sun Microsystems Inc. (Nasdaq: JAVA).
“Dell Inc. (DELL) shares slipped 2% to $23.47 in Tuesday’s mid-morning trading. Dell and its subsidiaries engage in the design, development, manufacture, marketing, sale, and support of computer systems and services worldwide...
“Dell posted better-than-expected revenue and profit in its first fiscal quarter ended May 2. According to two research firms, Dell's computer shipments grew faster than the industry average and faster than top rival Hewlett-Packard Co. for the second calendar quarter in a row…
“However, despite the company's early signs of recovery, Dell's stock has increased only 2.6% since its shareholders' meeting in December. According to analysts, Dell has a long way to go before it recaptures its former glory in the computer industry…”
“Apple Inc. (AAPL) shares fell 8% to $152.65 Tuesday mid-day. Apple designs, manufactures, and sells personal computers, portable digital music players, and mobile communication devices, as well as related software, services, peripherals and networking solutions worldwide…
“Apple recently said it shipped more Macs in its fiscal third quarter than ever before, at 2.5 million, up 41% from a year ago, with desktop shipments growing faster than laptops. According to the research group Framingham, Apple's total computer shipments rose about 15% in the three months ended June 30…
“During the quarter, Apple also shipped 717,000 iPhones and remained focused on its goal to sell 10 million by the end of the fiscal year, including the cheaper, faster iPhone 3G that reached stores in 22 countries in early July…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Dell Inc. (Nasdaq: DELL). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.