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Dell’s Q4 Revenue Tops Expectations

  • Alex Morris
    📰 News

    🔥🔥🔥Dell Technologies surpassed revenue estimates in Q4 thanks to a 10 percent growth in its Infrastructure Solutions Group sector


Dell’s Q4 Revenue Tops Expectations
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Dell smashed its revenue targets in Q4 2018 with a 9 percent growth. According to CNBC, the leading computer maker has managed to rake in $24 bln during the above-mentioned period, beating Wall Street estimates for quarterly earnings.

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A warm welcome

This is Dell’s first report as a public company in years since CEO and founder Michael Dell took the tech behemoth private by inking a $24.9 bln deal with Silver Lake in 2013. However, Dell announced that it would become a public company again in 2018, and it opened at $46 on the New York Stock Exchange (NYSE) on Dec. 28. They avoided a traditional IPO by taking over VMware, whose revenue also rose in Q4.


The demand is here

The overall spike in revenue was driven by growing demand for the company’s servers and network devices (Infrastructure Solutions Group). Dell CTO Tom Sweet claims that Dell’s profitability is expected to improve over the course of the year.  

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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