This is a company that helps shape the vision and direction of the industry. Apple made portable music cool again. For the longest time, it wasn't cool.

In our view, Dell is pretty much the same company and we believe most have forgotten about its structural and cost advantages with its world-class supply chain and direct model,

If you look at the stock price, it's obviously been a darling. Expectations were very high. . . . Apple had to report a flawless quarter. It wasn't flawless.

They were seeing some weakness in desktop and strength in notebooks, but not enough to offset the weakness in desktop,

They can't seem to build them fast enough.

They could buy back some shares or give more cash compensation to employees instead of stock options.

They could see some additional business. I would not be surprised to see some of those customers shift some of their business.

It's hard to cut costs and improve revenue at the same time. But HP is paying less and getting more.

It's an excellent question. You look at last quarter, their gross margin went down a bit sequentially.

The numbers look good. The earnings show the operating leverage is still strong.