Nov 21 (Reuters) – A cautious outlook from Dell (NASDAQ:DELL) is the latest potential warning sign for fourth-quarter results from top chipmaker Intel (NASDAQ:INTC), Barron’s said in its Nov. 22 edition.
Dell beat estimates handily for the third quarter but said revenue in the fourth quarter could be flat and that margins could contract, with a weaker pickup in consumer sales than it had expected.
Barron’s said Dell’s caution, combined with recent comments by JPMorgan on business in the Asian PC supply chain being below expectations, were bad signs for the stock.
Barron’s said there could be more signals in coming days when Hewlett Packard (NYSE:HPQ) reports results. (Reporting by Ben Berkowitz; Editing by Bernard Orr)