You have to look at Dell and say to yourself that it's had quite a run, ... neutral.

Dell is firing on all cylinders.

What people are looking for is confirmation from management that they believe corporate IT spending is getting better,

It isn't a demand issue. There will be some turbulence near-term based purely on component delivery issues that are beyond Apple's control.

Our research suggests that current IBM customers are considering other vendors and certainly Dell is on that short list,

We remain concerned that continued declines in PC pricing will continue to make PC revenue growth harder for Dell, ... We are lowering our PC growth estimates... We also expect Dell to face tougher competition in the enterprise hardware and services segments.