Neowin.net - Dell Shares Fall on Earnings Report

Dell Shares Fall on Earnings Report

Posted by Bezhou Feng on 02 December 2007 - 23:46 · 5 comments & 3596 views

Shares of Dell fell nearly 13 percent Friday as investors took a pessimistic view on plans to reignite the computer maker's fortunes with a strategy that could lower profits in the short term. Shares tumbled $3.60, or 12.8 percent, to close at $24.54 in trading Friday, on news from Thursday's earnings report, released after the market's close. Dell CFO Don Carty told analysts that restructuring costs will cut into profits as the company seeks more acquisitions and layoffs. Carty added that a slower decline in component costs could also have an impact. The outlook overshadowed a 27 percent jump in third-quarter earnings.

View: Full Story on SiliconValley.com

Hide additional information

About the Author
Full name: Bezhou Feng
Forum name: Sagittarius
Contact: via forum PM
Submissions: Normal · Headline

Total votes: 0

Bookmark on del.icio.us

Advertisement

#1 Posted by Swordnyx on 03 Dec 2007 - 01:46: I don't like Dell... very bad experiences with my first laptop, Inspiron 600m. My HP dv6500tse kicks!

#2 Posted by LTD on 03 Dec 2007 - 03:03: Maybe it has something to do with selling second-rate electronics, maybe something else.

They're essentially a box-maker among other box-makers. Where's the beef??

#3 Posted by Slimy on 03 Dec 2007 - 03:04: Dell needs to fight back against HP or the OEM scene is only going to get worse.

#4 Posted by mule on 03 Dec 2007 - 05:47: I actually think Dell have some decent computers out there...

#5 Posted by xtravgnt on 03 Dec 2007 - 14:45: Dell created this problem themselves, they came in and destroyed the market many years ago. In exchange for short term sales and market share they destroyed margins across the industry. While market share and suppliers kissing your butt will help your for a certain amount of time, eventually it's all going to come crashing down and without profit to keep you going, it gets ugly.

[1]

Commenting has either been disabled on this article or you are not logged in. Click here to login or register, its free!

Note: Anonymous commenting is disabled in order to keep the quality of responses to a high standard.

Scroll to the Top