Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Business relationship disclosure: The article has been written by Qineqt's Technology Analyst. Qineqt is not receiving compensation for it (other than from Seeking Alpha). Qineqt has no business relationship with any company whose stock is mentioned in this article

Despite economic headwinds, and changing consumer preference towards smartphones and media tablets, Dell's (DELL) revenues still grew by 15% over the last quarter. The company has registered a 14% increase in networking and server revenue, and its storage business showed an increase of 6% over the last one year. DELL has created a $60 million fund to enlarge its storage technologies business. This fund will invest in innovative computer servers with advanced storage facilities, and building a high data driven capacity in smartphones and media tablets.

The company derives 54% of its revenues from desktop and mobility, 17% from software and peripherals, and 29% from enterprise solutions and services. Its competitor, Hewlett-Packard (HPQ), after facing a 10% decline in the PC business, began to move into the tablet market. We believe that Dell has to follow a similar path, and should change its focus to storage technologies in order to remain attractive for investors. The company has not paid any dividends in the last 5 years, but recently, it decided to pay a dividend of 32 cents/share on an annual basis. Along with this, the management is committed to maintaining its capital allocation program for capital distribution to its shareholders of up to 35% of free cash flows. READ FULL ARTICLE HERE