Dell complaints

[c_duffer]

DELL
Stock price
9.81 -0.54 -5.22%
For the historical record: Today was the day.
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I was burned out and didnt mean to prank call customers from work. I am sorry.

[HellComputer]

On the way to ZERO???

Symbol Price Change % Change
DELL 9.10 -0.71 -7.24%

[Rocke_T_Sinetist]

OK, the pool for when the stock drops to single digits is busted. The next pool is when NASDAQ first threatens to delist them.

MSD and his inbred managers have killed all the value the company ever had. There's nothing left but inertia, scarcely even any real estate. Gawd knows there's no engineering, they shipped all that to China several years ago. Dell is now a virtually-bankrupt retailer, just like Circuit City. The more they say in press releases that they are re-inventing themselves, the lower the value goes. Nobody's buying it.

Stock analysts read sites like this one, to get beyond the corporate lies they're fed and find out what's REALLY going on in the company. While I would rather Dell have looked into this mirror, seen what they were doing wrong and fixed it rather than fail, it was their choice and the choice has been made.
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Rocke T Sinetist
as in, 'it doesn't take a...'

[incident_man]

What I don't understand is why Mikey stands by and lets (or even causes) the business to slide down the drain. It seems to me that if something isn't working, you need to change the strategy (and listen to your customers). It makes me wonder if Mikey

1. is clueless,
2. is listening too much to people who are clueless,
3. doesn't care,
4. is mentally defective, and/or
5. is flat out insane.

DHell has been on its current course of downsizing and cost cutting for at least 2 years now and it hasn't yielded any different results than what is currently happening, despite many attempts to spin it a different way. DHell got rid of Rollins because of what was happening then, what's the difficulty now?
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Oceania has always been at war with Eastasia.

[Rocke_T_Sinetist]

The difference now is that they don't have Rollins to blame it on. Though I think they still operate on his principles.

If I were running Dell, I'd go back and look at the principles upon which Mort Topfer operated. The company has been sliding towards a bottomless pit since he left.
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Rocke T Sinetist
as in, 'it doesn't take a...'

[rustyboots]

Institutional investers start to dump a stock once it hits $5 or less per share. Citigroup is facing that now. If Dell falls below $5 per share, watch them dump the stock. Then Dell falls like a rock to whatever price it can sustain.
Maybe this is the plan so Dell can buy all its stock back. Mikey might be hoping it goes up after Dell buys all the stock back. Whatever he smokes must be good!!!!
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rustyboots (i use to slave at dell)

[FallenAngel]

Greed begets greed. Dell operated under the guise of being able to print their own money for so long that they didn't take into account what life would be like if the bottom ever fell out. Even after the events of 2001 the stock wasn't hit this hard. The chase after the almighty dollar at any cost is what will ultimately unwind this company from the inside out. Dell stock closing at single digits before the end of the calendar year is just a portent of bad times ahead, not better.

And it's funny too when I think about MD's strategy to trim $3B from the bottom line, and since then, with plummeting revenue, that number would have to exceed $7B-$9B or so just to break even to where he was when that announcement was first made.

He thought he was doing everyone a favor by pulling up stakes and closing centers. That was the beginning of the end. Having less and less support locally, in North America, was a sure sign that the company was shooting themselves in the foot big time. The reprecussions are still coming at him and his company in waves since then. Out of pure speculation on my part, even if Dell announced tomorrow that they were bringing it all back to this continent, it'd still take a miracle to get the stock back to the $25+ level it had coasted at for the longest time.

But given the alternative of watching his company implode, maybe he should sit his think tank down and discuss this option. HP realized their failure by farming everything out overseas, and addressed it by pulling them all back and then expanding. Is Dell going to be as smart before it's too far gone to salvage?

Smart money says no. Dell is too arrogant to think the real world applies to them and they are somehow always able to stay ahead of the curve. So the smart money says Dell will hold fast to their plans until it's far too late to recover.