Yahoo Finance Dell's New Device for Accessing Data
Dell Inc. (DELL) has come up with a new solution that is expected to take cloud client computing to a new high. This particular technology from the computer maker will help end users to manage activities related to their professional and personal lives.
Whether personal and professional, the device helps users to securely access their content while on the move. Mobile technology has not yet found a perfect solution to access content in the cloud securely through a portable device. Therefore, this solution should go a long way toward further merging the personal and professional lives of consumers.
The solution is a multimedia-capable device, slightly larger than a USB memory stick called Dell Wyse “Project Ophelia” enabling direct access to data in the cloud. The negative here is that it requires a monitor (the navigation aspect appears unclear from available information).
Dell is moving ahead with new product introductions at regular intervals. It has also made a number of strategic acquisitions that would enable it to leverage the popularity of cloud computing. Its portfolio has grown and enabled it to increase focus on corporate clients.
Dell is making considerable effort to recover its past glory. The company reported decent results in the last couple of quarters.
However, it will be impacted by the continued decline in PC shipments. Competition in the SMB and server segments from players like Hewlett-Packard Company (HPQ) and Cisco Systems Inc. (CSCO) is also a concern.
We therefore have a Zacks Rank #3 (Hold) on Dell shares.
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