Thursday, February 28, 2008

Dell Dissapoints Again

It seems that Dell is feeling the effects of "conservative spending" and also some added expenses that came about from their turn around efforts. The only positive thing is that their total computer sales were up 19% with about half of them coming from outside of the US. I guess Europe and the BRIC just want Dells more then we do.
Dell reported profit for the fiscal fourth quarter of $679 million, or
31¢ a share, far below the 36¢ analysts had expected. The results compared with
$726 million or 32¢ a share a year earlier. Sales for the quarter were $16
billion, short of the $16.27 billion analysts forecast, but up from $14.5
billion a year earlier. Dell shares dropped about 4% in extended trading. The
stock had risen 10¢, to 20.87, during regular trading.

No comments: