. >> susie: david garrity joins us now with more on dell. he heads up his own technology research firm, g.v.a. research. >> susie: so, david, the big question of the day, today was what can michael dell do with his dell computer company as a private company he couldn't do as a public company? what's different, really? >> out of the public eye, dell can go through some fairly wrenching shifts in terms of the mix of business the company has, and be able to do so without necessarily having to essentially hold the hand of public sector equity investors. from that standpoint, we can look at a fairly strong deemphasis of the customer p.c. business. the company will most likely stay with the enterprise. but what the company does in terms of trying to pursue or stay relevant to this shift over to tablet p.c.s and smartphones remains a very open question. >> susie: these are uncertain times for any p.c.-maker. it is isn't a dell-only problem. you wonder can michael dell really fix things up at dell? >> certainly he has done well enough in the past. bu

. >> susie: david garrity joins us now with more on dell. he heads up his own technology research firm, g.v.a. research. >> susie: so, david, the big question of the day, today was what can michael dell do with his dell computer company as a private company he couldn't do as a public company? what's different, really? >> out of the public eye, dell can go through some fairly wrenching shifts in terms of the mix of business the company has, and be able to do so without necessarily having to essentially hold the hand of public sector equity investors. from that standpoint, we can look at a fairly strong deemphasis of the customer p.c. business. the company will most likely stay with the enterprise. but what the company does in terms of trying to pursue or stay relevant to this shift over to tablet p.c.s and smartphones remains a very open question. >> susie: these are uncertain times for any p.c.-maker. it is isn't a dell-only problem. you wonder can michael dell really fix things up at dell? >> certainly he has done well enough in the past. bu

david garrity, what's your take on the quarter? >> the earnings multiple for the company, single digits, a five handle. i mean, here's a company. it's great and wonderful that they are doing better in terms of businesses that are losing share in the overall computing market, and it's thighs to see that they are getting some positive margin surprises, but the fact of the matter is hewlett-packard was initially thought to be an innovator and what we see out of corner, fine, we can rearrange the deck chairs on the "titanic" but are we putting them on a course that takes them away from the iceberg, but we haven't seen that yet? >> roger, do you agree with that? >> i'm slightly more positive. i think meg bought herself some more time here, this quarter and next. the street will give her more breathing room. that's good. the dependence on pcs is still problematic, but i like the fact that they have a big enterprise portfolio and that they are networking and server business is doing all right. i really think that they are going through es