May 17, 2011
Dell Inc. said Tuesday that its fiscal first-quarter profit nearly tripled as the personal computer maker cut costs and its enterprise services revenue grew. Shares of Dell, which beat analysts' adjusted profit estimates but came in a bit below revenue estimates, rose 5 percent in extended trading. For the three months that ended April 29, Dell earned $945 million, or 49 cents per share, compared with $341 million, or 17 cents per share, a year earlier. Excluding one-time items, Dell earned 55 cents per share, easily beating what Wall Street expected.
May 20, 2008 |
Donald J. Carty, who became Dell Inc.'s chief financial officer less than 18 months ago, is stepping down and will be replaced by a longtime General Electric Co. executive. Brian T. Gladden, chief executive of SABIC Innovative Plastics, formerly called GE Plastics, will join Dell today and succeed Carty as CFO on June 13. Carty was CEO and chairman of American Airlines and its parent, AMR Corp., until being ousted in early 2003.
August 27, 2010 |
Hewlett-Packard Co raised its offer for 3PAR Inc to $2.0 billion, once again topping Dell Inc's bid and showing it had plenty of ammunition in the bidding war for the data storage company. HP's offer of $30 per share came less than 3 hours after Dell announced 3PAR had accepted its bid of $27 per share, which matched HP's previous offer. Dell's agreement with 3PAR allows it to match competing bids, but analysts say HP may be the stronger player with $115 billion in annual revenue compared with Dell's $53 billion.
January 31, 2008 |
Dell Inc., which has been pushing its computers into more retail stores, said it would close its 140 shopping mall kiosks in the U.S. Dell now sells computers and other devices in more than 10,000 stores around the world, including Wal-Mart Stores Inc. and Best Buy Co., and the kiosks may be losing some of their novelty. Round Rock, Texas-based Dell began opening the kiosks in 2002 to boost sales of notebook computers.
February 21, 2012 |
Dell Inc. forecast fiscal first-quarter revenue that missed analysts' estimates as lackluster demand for personal computers and competition from Apple Inc. eroded growth. Revenue for the period ending in April will decrease 7% to $14.9 billion, Dell said Tuesday. That missed analysts' average estimate of $15.1 billion, according to data compiled by Bloomberg. Per-share earnings excluding certain items will exceed $2.13 in fiscal 2013, compared with analysts' $2.06 estimate. The company's shares rose 5 cents to $18.21.
August 28, 2008 |
Dell Inc. plans to sell four new personal computers in China and 20 other emerging markets, its biggest push so far to tap growth that's four times faster than in the U.S. The two laptops and two desktops, called Vostro and priced between $400 and $500 in China, will begin shipping in August and will be available in Europe, Asia, South America and the Middle East by November, the Round Rock, Texas, company said.