Dell reaffirmed their guidance for the third quarter, but gave no guidance going forward. They also said that industry growth for the third quarter was going to be worse than expected.

We believe both revenue growth and margins are within the range of guidance given in the third-quarter earnings release and feel comfortable with our estimates for the fourth quarter.

We believe that demand is now likely to exceed Intel's processor supply now through the third quarter and possibly into the fourth quarter.

It's just a combination of a good solid quarter and some pretty solid guidance going forward.

Intel sees no signs of a pickup and would not call this quarter the bottom for revenues. We do not think the bottom will be reached until the summer, at the earliest, and remain cautious on the stock.

We believe lower guidance from Dell, Lexmark and Cisco this (quarter) indicates slower growth in PCs, pricing pressure in printers and slower revenue growth in the IT (information technology) industry,