Dell Inc. (NASDAQ:DELL) will go past the 8,800 target job cuts in efforts to help the bottom line and that’s good news for shareholders. The stock is only down 1% in the last month (despite the 17% drop from the start of year) and the Masters believe Dell is trading at a great entry point. To make is simple:

That’s right, 1-2-shabadoo for Dell Inc.

Today founder Michael Dell talked up Dell’s new plans to reduce costs by $3 billion by 2011, and said small businesses and consumers are a big growth opportunity for the company this year.

In addition, Dell said investors shouldn’t “hold your breath” waiting for a major Dell acquisition.

As to Dell’s ongoing fiscal first quarter, the company is growing “at a slight premium to the industry,” as expected, the executive added.

Dell is doing what’s best for their company stock and should the market continue to fall, DELL shares won’t go much lower. There is more to gain then lose here Masters.

Dell is the world’s No. 2 computer maker and last month its India revenue jumped 60 percent to $700 million. Dell says its goal is to make the business as profitable as its main rivals, chiefly HP.

Dell’s computers are now in more than 10,000 retail outlets around the world, including Wal-Mart and Staples Inc in the United States; Carphone Warehouse Group Plc in Britain; Carrefour SA in France and Spain; and GOME Electrical Appliances Holding Ltd in China.

But Dell has a long way to go before it catches up with HP, which is in 81,000 retail outlets globally.

Dell says it has sold more than 1 million PCs in stores so far and the business is generating $1 billion in yearly revenue, which is still less than 2 percent of Dell’s fiscal 2008 revenue of around $61 billion.

Pacific Crest analyst Brent Bracelin estimates Dell’s retail sales could jump to $2 billion in its current fiscal year.

Bottom line: Keep Dell on your watch list Masters.

Disclaimer: The author has no positions in DELL.

Last 5 posts by Ted Gottsegen

• Bank of America reports Monday (10/20) - October 17th, 2008
• At what point do we become Russia? - September 10th, 2008
• Gold keeps going down along with Yamana (AUY) - September 3rd, 2008
• Sears Holdings (SHLD) 57% Short Interest and LL Cool J - August 19th, 2008
• Play the played out: Potash Corp (POT) - August 13th, 2008