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Long DELL, Short SPY
Dell said yesterday it expects solid growth for the year driven by the refresh of PCs in commercial and public segments coupled with the company’s expanding abilities to provide open, capable and affordable enterprise solutions.
The company expects revenue for Fiscal 2011 will increase 14 to 19 percent over Fiscal 2010. Dell also said it expects that non-GAAP operating income will increase by 18 to 23 percent over Fiscal 2010 and cash flow from operations will be greater than net income for the current year.
The outlook was provided ahead of Dell’s annual meeting for securities analysts, scheduled for 8 a.m. CDT Thursday. The event will be webcast live and archived along with presentation materials at www.dell.com/investor. Click to view this pair.
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