Saturday, January 31, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ASUS Announces The B85M-Gamer Mainboard
AT&T, Verizon Among Winners Of US Airwaves Auction
Apple Closes the Gap on Samsung Fourth Quarter's Worldwide Smartphone Shipments
Verizon To Let USers Opt Out Supercookies
Microsoft Outlines Windows 10 Options For The Enterprise
Jolla Tablet Returns to Indiegogo With A 64GB Version
BT Sees Ultrafast Broadband Not Coming Earlier Than 2025
Google To Change Privacy Policy After UK's Watchdog Investigation
Active Discussions
Why Double Logins ?
retrieving burned cd information
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
 Home > News > General Computing > Dell's ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, August 16, 2013
Dell's quarterly profit Down Amid Buyout Talks


Dell on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral and the uncertainty related to the future of the company due to the takeover battle between its founding CEO and activist investor Carl Icahn.

Dell founder and CEO Michael Dell proposing a $25 billion buyout to take the PC maker private, and Icahn leading shareholder opposition on the basis that the offer is too cheap.

Sales from Dell's end-user computing division, which incorporates computers, slid 5 percent to $9.1 billion.

Its fortunes remain closely tied to PC sales, which still yield about half of revenue. Global sales of personal computers are expected to fall 7 percent this year and 4.5 percent next year.

For its fiscal second quarter, Dell reported sales of $14.5 billion, flat from a year earlier. But net income fell to $204 million, compared to $732 million in the year-earlier period. Gross margins slid a percentage point from the previous quarter to 19.6 percent.

On the briight side, sales from the enterprise solutions, services and software business climbed 9 percent to $5.8 billion.

"While the environment continues to be challenging, we remain focused and dedicated to this objective," Dell CFO Brian Gladden Gladden said in a public letter published on Thursday.


Previous
Next
Samsung Tops Media Tablet Competitive Assessment, Followed by Apple        All News        Personal And Entry Level Storage Market Sees Recovery
Microsoft Explains Recent Outlook.com Outage     General Computing News      IBM, Oracle, EMC To Face China Probe Over Security Concerns: report

Get RSS feed Easy Print E-Mail this Message

Related News
Dell M3800 Mobile Workstation Now Available With 4K Display
Dell Launches Malware Protection and Detection Service
Dell Releases New Enterprise Class Dell Storage Arrays
Dell Announces New Devices Including XPS 13 with 4k Borderless Display, Curved Monitor
Dell Introduces Venue 8 3000, Venue 8 7000, and Venue 11 7000 Series Tablets, New Converged System
Alienware To Release New New Area 51 Gaming Desktop, Graphics Amp
Dell Creates Virtual Smartphone
IFA: Dell Updates Its PC Portfolio
Computex: Dell Announces New Inspiron 2-in-1,Venue Tablets and All-in-One PCs
Dell to Use Recycled Plastics in PCs
Dell Unveils New Desktop Virtualization Solutions
New Dell Inspiron 5000 Series Laptops and All-in-One Desktops Coming This Week

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .