Forbes Earnings Quality Report Assigns Dell (DELL) a Poor" Rating

Forbes Earnings Quality Report, a monthly publication from Forbes, Inc. dedicated to the financial statement analysis of leading stock earnings, recently assigned Dell Computer (NYSE:DELL) a poor" earnings quality rating. The newsletter referenced Dells strong balance sheet and clear industry leader standings but also stated that the editors did not believe Dell would meet the 15% annual EPS currently forecasted by Wall Street for the next three years.

New York, NY (PRWEB) March 13, 2004 --Forbes Earnings Quality Report, a monthly publication from Forbes, Inc. dedicated to the financial statement analysis of leading stocks, recently assigned Dell Computer (NYSE:DELL) a poor" earnings quality rating. The newsletter referenced Dells strong balance sheet and clear industry leader ship but also stated that the editors did not believe Dell would meet the 15% annual EPS currently forecasted by Wall Street for the next three years.

The editors substantiated these claims with the following beliefs:

- Dells recently reported earnings overstate the profitability of its business.
- Dells excessive use of stock options as employee compensation.
-The competitive negative spiral of the personal computer business.

For more information on this story or Forbes Earnings Quality Report, please visit https://www.newsletters.forbes.com/eqr/subscribe.php4?17

About Forbes Earnings Quality Report
Each month Michael Ozanian, veteran senior financial editor at Forbes and editor of the Forbes Earnings Quality Report, digs deep into financial statements to uncover exactly how companies are achieving their earnings goals. The Earnings Quality Report then provides detailed analysis and rates a companys "earnings quality" , from poor to good. Companies with poor earnings quality arent likely to meet Wall Streets earnings targets and those with a good rating, are likely to meet or exceed targets. Previously covered companies include Wal-Mart, Home Depot, EBay and Disney. Besides editing Forbes Earnings Quality Report, Ozanian is also a frequent commentator on Forbes on Fox. He can be contacted at mozanian@forbes.com.

About Forbes Newsletters
Forbes Newsletters has been providing independent research for over 50 years. Some of the 28 different titles it publishes and markets include: Forbes Special Situations Survey, Forbes/Wolfe Nanotech Report, NoLoad Fund X, Forbes Wireless Stock Watch, The Forbes Collector and The Prudent Speculator.