| User Info
| Dell Is Well-Capitalized? in forum [Market-Ticker]
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Lodgerhead
Posts: 559
Incept: 2008-08-26
NC
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Dell switched to the car dealers plan several years ago, pushing leases and selling payments and cutting service in order to pull forward demand.
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Kwl88
Posts: 518
Incept: 2009-04-16
KC, MO
Banned
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Hmmm, that doesn't sound good for the Austin-Round Rock areas of Texas! They still have UT & State Government BUT Dell is a key component to their private sector. This was another geographic region that was humming along fine AND now it appears is also beginning to feel the effects from the REALLY bad economy in those Blue States like CA, MI & NY!
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Genesis
Posts: 131455
Incept: 2007-06-26
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They're done if they get in trouble on that portfolio.
Seen this one before. If they can't internally finance with their operating margins they've got MAJOR problems.
Extending credit to anyone who asked is how Lucent got destroyed when Winstar went under.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Quik49
Posts: 3266
Incept: 2007-12-11
out yonderway
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to coin a phrase... "ookk"
have not bought anything near a widget here for the office.....in a lonnnnnnnng time...
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UVA UVAM VIVENDO VARIA FIT
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Tsberts
Posts: 2362
Incept: 2008-02-05
Minnesota
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Karl - Quote:Its Intel - tracked it down.
I'll take the other side of that bet. Were you referring to this Dell piece? I don't grok that comment.
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Photoguy was an optimist.
In Soviet Russia, the banks are run by the politicians.
The cancer within the federal government has metastasized, it's now up to each of the states to contain the cancer.
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Coolhandluke
Posts: 6216
Incept: 2007-12-19
Banned
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I know first hand Dell is hurting. We use to buy all of our desktop and laptop computers from them.
We haven't bought one all year. We don't even renew the maintenance on the ones we did buy.
It's cheaper to replace a few PCs here and there than to pay for extended service.
Sales people call all the time looking for business. The answer is always the same.
Sorry, we don't need anything right now.
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Tesla
Posts: 15560
Incept: 2008-04-03
State of Disbelief
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That's OK, CHL - the SS Admin just bought 2000 new computers here in the SE PA area. Just doing its part to stimulate - and yes, they were Dell's.
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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes
"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
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Slartibartfast
Posts: 2681
Incept: 2007-12-04
San Francisco
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The support and build quality is as close to zero as they can get away with.
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Cthulhu R'yleh Goldman Sachs
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Genesis
Posts: 131455
Incept: 2007-06-26
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TS: No, the instability in the /ES and /NQ since about 11:00 - I found the correlation - been looking for it.
Its Intel.
Ignoring those two Dell PRs is a huge mistake. Intel might have sidestepped it, but man, you're buying into their second-biggest customer saying that sales kinda suck.
That's not what I'd buy into!
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Tsberts
Posts: 2362
Incept: 2008-02-05
Minnesota
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Thanks for the clarification.
Front-month INTC puts are even cheaper than when you pointed them out this morning. Hmmm.
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Photoguy was an optimist.
In Soviet Russia, the banks are run by the politicians.
The cancer within the federal government has metastasized, it's now up to each of the states to contain the cancer.
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Nirvan45
Posts: 4036
Incept: 2007-10-31
florida
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50 cents on the dollar?
Damn that is too generous.
Computer products are worse than cars, let's not forget that.
Use a number let's say less than 30 cents on the dollar, how would that work out
Edit: while I was flipping channels saw one guy saying intel building inventory and that is great news because they see growth down the line.
Also your buddy dennis on one those channel flip was saying GS is saying world wide recession is over and buy stocks of any kind.
Funny when I listened to CC they were persistant on saying they can not see bottom of that black hole
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Amgrace
Posts: 2069
Incept: 2008-02-15
New Castle, PA 16101
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I'm pretty sure CIT stepped in to do the vendor finance for Avaya after Lucent went down, fwiw.
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American politics as a system has ceased to function, because the system has gone from representing people to representing money. And that is something that can only go well as long as the people have at least some of that money. - Automatic Earth 3/17/2010
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Shrpblnd
Posts: 1205
Incept: 2007-08-06
Los Angeles, CA
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Hmmm, I have a small position in some Dell Computer Corp Sr Deb bonds that I bought a while ago, because they seemed relatively safe. I'm still positive on them, but now I am debating dumping them, although they are paying almost 8%.
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Baja
Posts: 77
Incept: 2009-06-03
Outback Texas
Banned
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I don't have the time or inclination to look into the finance organization, but the mothership DELL is listing badly to port:
Total Liab - $22.22 B
Total Net Assets - $1.8 B
I know, $14B of liab are current but still......
One more thing.. Dell isn't a tech company. It's an assembler of technology. No R&D, no significant product edge. They've always competed on cost and execution and they can't seem to do that any more.
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Coolhandluke
Posts: 6216
Incept: 2007-12-19
Banned
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Quote:the SS Admin just bought 2000 new computers here in the SE PA area Probably paid double too.  |
Obseedian
Posts: 11887
Incept: 2007-07-26
BBRY Central
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Oh ****ttttt...
That makes Friday's upgrade by Goldman even worse.
Probability Goldman knew about the impending press releases: 100%
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Genesis
Posts: 131455
Incept: 2007-06-26
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I'll say it again: If they get into financing trouble with that unit, they're done.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Quik49
Posts: 3266
Incept: 2007-12-11
out yonderway
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somehow that statement is going to be come one of those so many "told ya so"...
get out the bbq sauce....
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UVA UVAM VIVENDO VARIA FIT
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Johnny_crab
Posts: 1973
Incept: 2008-10-09
Boonieland south Texas
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Forwarded to our IT guys to ponder.
Those numbers Baja tossed out don't look to happy.
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If you want to know truth, start by turning off your television.
"They didn't just***** in the coffee, they took a **** on the hood of a '73 Eldo, let it bake in the DC sun, ground it up and sold it to us as coffee."--Duc888
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Happymob
Posts: 1847
Incept: 2007-08-03
West Virginia
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Quote:Hmmm, I have a small position in some Dell Computer Corp Sr Deb bonds that I bought a while ago, because they seemed relatively safe. I'm still positive on them, but now I am debating dumping them, although they are paying almost 8%. Dell going broke would be an absolute shock to me, so I would probably hold onto that. That said, this story is also shocking to me - why the heck does Dell need cash? Something is rotten in the state of Denmark.
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Anything from Missouri has a taint about it.
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Kab
Posts: 1857
Incept: 2009-04-02
Colorado
Banned
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I sure as hell wouldn't make any bets about the quality of their underwriting.
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Shrpblnd
Posts: 1205
Incept: 2007-08-06
Los Angeles, CA
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Didn't Dell also extend a lot of credit to dotcom's that blew up in the Tech Wreck? I was working for a startup at the time and I know we had some pretty generous credit from Dell, but I quickly pared back purchases and we paid them off before the startup melted.
I'm sure they got burned by many other dotcom startup's though back then. It will be interesting to see if they have done a better job controlling risk this time.
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Anti
Posts: 4372
Incept: 2007-10-09
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I have bought three laptops from them within the last few months - they were practically begging me to finance them with them. FWIW
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Obseedian
Posts: 11887
Incept: 2007-07-26
BBRY Central
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Quote:they were practically begging me to finance them with them. Looks like they make more on the financing side than the actual hardware.
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