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

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.

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.

Apple is fairly valued but there's a lot of work that needs to be done if they switch processors, ... There are a lot of details that need to be fleshed out.

Everybody is rushing to TVs and suppliers, through natural competition will slim down a bit, ... Over time, companies will have to make the decision to stay in or get out.