Tech stocks broke out ahead of Dell’s new product roll out on Tuesday. Will new gadgets help Dell recapture some of the old magic?
Investors and tech geeks unite. Dell is scheduled to debut brand new products on Tuesday, which could include “two netbooks, or ultra- compact notebooks,” according to published reports.
It’s also being reported that “Dell could introduce its first cell phone sometime in the next six-to-18 months, (and it) might use Internet search giant Google’s soon-to-be-launched Android mobile operating system.”
The company could use some Apple juice. About ten years ago, Dell products were considered edgy with audiences eagerly awaiting their debut; kind of like the iPhone or iPod. In fact the Dell Dude was nearly as popular as Mr. Whipple or the Maytag repairman.
But in more recent years, Dell products have become somewhat lackluster leaving the company to struggle with its image and stock price.
Will the new products help Dell recapture some of the old magic?
If any of the speculation proves to be true I’d be extremely bullish of Dell, says Jon Najarian. But right now in tech I’m riding Intel , Taiwan Semiconductor and Marvell Technologies on the long side, he says.
Look at Cisco and Juniper adds brother Pete Najarian. If they do unveil a new phone these companies should benefit from the networking.
Jeff Macke isn’t as excited about Dell. He says they have the touch of a German jazz band. They’re out of sync, they’re not particularly delicate and they don’t really understand what they’re doing.
We want to know what you think! Is the tech sector your best bet for the rest of the year?