Wednesday, April 16, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Smartphone Makers, Carriers To Support Anti-theft Initiative
Samsung Galaxy S5 Carries A Very High Bill of Materials
Intel's Quarterly Net Better Than Expected
Researchers Hack Galaxy S5's Fingerprint Scanner
Pioneer's Car Multimedia Systems To Support Apple's CarPlay
Broadcom Doubles Wi-Fi Speed of Devices
Sony Offers New BRAVIA 4K TV Line-Up, Media Player and Content Options
Corning USB 3.Optical Cables Now Available
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Introduces Latitude Rugged Extreme Lineup
Dell Offers Per-App VPN Access Controls For BYOD Mobile Workers
Microsoft and Dell Sign Patent Licensing Deal
Dell Acquires StatSoft to ADvance Its Big Data Solution
Dell Announces Precision M2800 Mobile Workstation PC
Dell Unveils Latitude 13 Education Series Laptop
Dell To Use AlienWare Brand For Home Entertainment Products: report
Dell Assigned New Storage-related Patents
Dell Ships Cloud-Access Android Device
Dell, Lenovo Eye IBM's Low-end Server Business: reports
A Flood Of Announcements From Dell
Dell Unveils Chromebook 11 For Education

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .