Stocks, Dell | featured news

Shares of Dell rose more than 12 percent early Monday afternoon after Bloomberg News reported that the personal computer maker was in talks with at least two private equity firms about going private.

In its quarterly earning released on Monday, IBM reported revenues of $26.7 billion – up 12% from the same period last year. With IBM reporting its 4th consecutive quarter of double digit revenue growth, its shares have marched higher since its announcement. The stock is up nearly 50% in the last year surpassing Microsoft as the second largest technology company by market cap behind Apple. IBM’s primary competitors include HP, Dell and Oracle.

We estimate Dell will sell around 700,000 tablets in 2011, capturing nearly 5% of Android tablets sold in the market, and will increase sales to close to 2.3 million units by 2013.