December 2, 2009 / 6:50 PM / 9 years ago

Dell sees 'moderately good' holiday sales

* Consumer cycle ‘surprisingly positive’

* Corporate clients due for refresh of equipment

* Dell sees long cycle of refresh on commercial side

LOS ANGELES, Dec 2 (Reuters) - Computer maker Dell Inc DELL.O sees potential upswings in consumer and commercial demand in the coming year, as well as a “moderately good” holiday season, Dell Chief Financial Officer Brian Gladden said on Wednesday.

“I think the consumer cycle has been surprisingly positive this year,” Gladden said at the Credit Suisse Technology Conference. “It certainly surprised us how strong it was ... I think the holiday season will be moderately good ... I think we are seeing that play out over the past few weeks.”

On the commercial side, Gladden also said an “elongated cycle of refresh” was due, probably next year, for everything from “servers all the way through client products.”

“Their asset base has aged much beyond what they had expected,” he said of corporate clients. “Our view is sometime next year you will start to see that happen.

“We are surprised at how good demand has been over the last few weeks. The hypothesis of a corporate refresh is still alive,” he added. “It’s just a question of when does that happen and how long. I think you will see an elongated cycle of refresh.”

Shares of Dell were down 1.2 percent at $13.68 in afternoon trading on the Nasdaq. (Reporting by Gina Keating; Editing by Steve Orlofsky)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below