Market Foolery: 08.22.2012

MarketFoolery

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4.7 • 1.7K Ratings

🗓️ 22 August 2012

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dell’s earnings disappoint while home-builder Toll Brothers doubles its quarterly profit. Plus, a new partnership with Discover will put PayPal in millions of U.S. locations.

Transcript

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0:00.0	It's Wednesday, August 22nd. Welcome to Market Foolery. I'm Chris Hillen joining me in studio today for Motley
0:07.2	Full Asset Management, Bill Barker, and for Motley Full Inside Value, Joe Maker.
0:11.2	Gentlemen, good to see you.
0:12.6	Hello, hello.
0:13.2	Thanks.
0:14.2	Bill, welcome up from the first floor.
0:15.4	The cabern.
0:16.4	It's been a long time.
0:17.4	It has been a long time.
0:18.6	We've got some housing to discuss, mobile payment,
0:22.2	and we are going to dig into the full mail bag but we
0:25.1	are going to start with Dell's quarterly profit fell 18% and the company cut
0:30.9	guidance for the full year shares down more than 6% this morning.
0:36.1	Joe Maker, there's just a whole lot of hurting going on at Dell.
0:39.8	You know it's just not going well Chris.
0:43.4	It really isn't.
0:44.4	So everyone thinks of Dell as a consumer PC story and that story has changed.
0:50.6	The consumer PC side now is significantly smaller. We're talking about 20% of the business just on the
0:57.2	consumer PC side. Unfortunately, that part of the business was down 22% year over year. You know you can't blame that on Windows 8
1:05.8	people waiting for that because one I don't know anyone who's excited about
1:09.2	Windows 8. Two people were very happy about Windows 7.
1:12.5	Like, that's a system people are, you know,
	...

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