News Analysis Despite a growing outcry in democracies over the threat to human rights and international stability from China, and Beijing’s genocide against Uyghurs and other religious groups, major Western corporations continue to do business in the country, including with the military and police. Some of that business could be in violation of a new…
Big Business Still in China
Bernstein Upgrades Dell Technologies on Earnings Potential: What’s Next?
Dell Technologies Inc. seems poised for sustainable revenue growth of 2 percent to 4 percent and earnings growth of mid-to-high single digits, both of which are higher than Hewlett Packard Enterprise Co. and HP Inc., which trade similar multiples, according to Bernstein. The Dell Technologies Analyst Toni Sacconaghi upgraded the rating for Dell Technologies from Market…
Evercore ISI Downgrades Dell on ‘More Muted’ Upside
Evercore ISI analyst Amit Daryanani downgraded Dell Technologies Inc. to In-Line from Outperform with an unchanged price target of $63, implying a 13.1 percent upside. Following the 60 percent appreciation year-to-date, he sees incremental upside being “more muted” amid a moderating PC market, Daryanani said. While Daryanani expects 2022 to be a year of sustained…
JPMorgan Removes Dell From Analyst Focus List: All You Need to Know
JPMorgan analyst Samik Chatterjee removed Dell Technologies Inc. from the firm’s Analyst Focus List. Chatterjee removed the stock, noting Dell is past an “event-driven catalyst,” though he continues to rate shares overweight, citing its exposure to Enterprise IT spending and “superior execution.” Dell shares have gained 95 percent year-to-date and more than 55 percent since…
Which PC Companies Defied the Downturn in Global Shipments in Q3?
Global PC shipments, also including tablets, fell in the third quarter although remaining well above pre-COVID-19 pandemic levels, new research by Canalys showed. Modest Slippage In Q3 PC shipments fell 2 percent year-over-year in the third quarter to 122.1 million units, with tablets and Chromebooks serving as drags, the report said. Tablet shipments fell 15 percent year-over-year…
Chinese National Charged With Selling $9.5 Million in Counterfeit Laptop Batteries
A federal judge has indicted a Chinese national in Los Angeles for allegedly participating in a scheme to manufacture and sell $9.5 million worth of Chinese counterfeit laptop computer batteries and other electronics, the Department of Justice announced on Oct. 4. United States District Judge John F. Walter sentenced 30-year-old Cai Zhoulin, also known as Allen…
Dell Halts Sales of High-End Gaming PCs In Six States Due to Energy Regulations
Dell has stopped shipping certain high-end Alienware brand gaming computers in six states due to power consumption regulations, according to a report. People looking to buy and ship to California an Alienware Aurora Ryzen Edition R10 Gaming Desktop from Dell’s website are met with a message that their orders will not be finalized. “This product…
Dell Halts Sales of High-End Gaming PCs in 6 States Due to Energy Regulations
Dell has stopped shipping certain high-end Alienware-brand gaming computers in six states due to power consumption regulations, according to a report. People looking to buy and ship an Alienware Aurora Ryzen Edition R10 Gaming Desktop to California from Dell’s website are met with a message that their orders won’t be finalized. “This product cannot be shipped…
Boeing to Outsource IT Work to Dell, Eliminate 600 Jobs
SEATTLE—Boeing Co. has said it will outsource a significant amount of information technology work to Dell starting in April, including support of cloud services, databases and information technology. The move is expected to eliminate 600 jobs. Susan Doniz, vice president for information technology and data analytics for Boeing, told employees Thursday that the eliminated jobs…
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