This is further evidence of a deterioration in their business.

Typically a company will look at acquisition strategies when their growth starts to slow but there's no slowing down at Dell.

It's all market share gains for Dell. You will not see Dell hint at industry growth.

This is obviously a strong quarter, but investors did have high expectations for what the company could do,

Dell is taking market share in a more challenging environment. There a lot of question marks on how strong the recovery is but Dell continues to execute.

This is the last major positive catalyst for the stock. Going forward, shares should track more closely with the fundamentals of the business because now investors will be focused on execution.