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Market Update

Dell Does It Again by Meeting Expectations in the Third Quarter

With its history of meeting expectations, it has almost become a given that Dell will outperform its peers.

Dell (DELL) announced today that its earnings and sales growth were in line with Wall Street expectations. In the third quarter, revenues grew by about 41% over the same quarter last year, while Dell brought in $0.18 per share in profits, excluding a charge the company took when it acquired ConvergeNet.

Management reported that direct Internet sales accounted for 43% of Dell's revenues last quarter. To put these numbers in perspective, if Dell were to separate just this portion on an annual basis, the company's Internet business would rank in