For Dell, UBS lowered the earnings estimates, cut their price target, and generally alluded to tough conditions in 2007 for the pc industry, however. Download file

This report yesterday was the prelude to today's smashing of the MSFT price. Microsoft has not seen it so bad, ;what ever?

But things are happening in the front office at Microsoft that bear watching. The money is there, the new product line will spin more cash in the years ahead, the competition from Google is nipping at their heels, and decisions are being made today that will change the face of Microsoft in the future.

In any event, today the MSFT stock is getting hammered (down -10.5 pct as I write). But that's a good thing right ; because it's our job to look ahead, not behind.