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Dell (DELL) just reported earnings of 22 cents a share, in line with its lowered (um, dramatically lowered) guidance. For last year's second quarter, Dell earned 38 cents a share. Sales were up 4.9%, not much higher than inflation.

The stock was briefly above $23 a share earlier today, but it will certainly open lower tomorrow. The stock may be a little cheap in the near-term, but I really underestimated the problems at Dell. Worst of all, I no longer find management credible. Their reassurances have all come to nothing.

Here's a thorough look at Dell I did when earnings came out last quarter.

Posted by edelfenbein at August 17, 2006 4:13 PM