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| Dell Profits Plunge http://www.chat-place.org/forum/viewtopic.php?f=24&t=11150 |
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| Author: | lisa0 [ Fri Sep 14, 2007 5:41 am ] |
| Post subject: | Dell Profits Plunge |
Dell Inc. has disappointed Wall Street for the second quarter in a row this week, posting a 28 per cent drop in profit. Repair and restructuring charges for the third quarter were cited as reasons for the drop. Overall, net income at Dell for the third quarter of this year fell to US$606 million, compared with US$846 million at the same time last year. CEO Kevin Rollins said: "We are not a company that takes charges. We are not pleased about that." One analyst said that Dell had to "... become much more efficient in the execution of their business model. They have to concentrate less on the really cheap stuff to get their margins up." Source: news.yahoo.com |
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