Posted on 05/28/2009 7:33:56 PM PDT by traumer
Dell has seen its latest quarterly profits decline by almost two-thirds as the worldwide recession continues to hit sales of computers.
The world's second-largest maker of personal computers made a net profit of $290m (£182m) in the three months to 1 May, down 63% from $784m a year ago.
Revenues at the firm fell 23% to $12.3bn. However the results were better than analysts had feared.
Dell said the global trading environment remained "challenging".
'Cutting costs'
Dell has already moved to cut costs in the face of falling sales, reducing its global workforce by more than 9,000 positions over the past year.
While it made no new announcement on possible additional cuts, it said it was continuing cost reduction efforts.
"We're continuing to transform the company on the cost side and delivering strong cash flow," said chairman and chief executive Michael Dell.
The firm's results come a week after rival Hewlett-Packard said its latest quarterly profit declined 17%, and that it was cutting 2% of its workforce, or 6,400 jobs.
(Excerpt) Read more at news.bbc.co.uk ...
Apple (AAPL) NewsBite - AAPL Is On the Move
Posted on Thursday, May 28, 2009 10:16 AM
Apple (AAPL) appears to be on the move today and is now at $133.43, up $0.38 (0.29%) on volume of 2,596,342 shares traded. AAPL was covered in a Lee Allen report today. To read the report, go to www.gotomic.com/la052809 . Over the last 52 weeks the stock has ranged from a low of $78.20 to a high of $189.95. Apple stock has been showing support around $128.91 and resistance in the $137.05 range. Technical indicators for the stock are bullish and S&P gives AAPL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on AAPL the stock seems like it could be a candidate for a June out-of-the-money bear-call credit spread above the 140 range. [ABR-Seven Summits Strategic Investments NewsBite]
I was curious.
Great time to buy a new computer?
Guess I should be looking for a new job tomorrow.......
Might be a great time to buy a new computer, but don’t buy a Dell. The recession is only one reason their sales are down. Another is that their products don’t last long and their customer service is abominable, nightmarish, horrendous. I wouldn’t take one as a gift. I don’t mean that as an exaggeration, either: we’ve had Dells as gifts for my kids and they ended up causing so much trouble that I wish very much we had never accepted them.
My last few computer have been Gateways … mayhap I should stick with them for my next one? Can’t afford a MAC, nowhere else to go.
Every experience I’ve had with a Dell has been bad.
Ya know, I’ve had just the opposite. I’ve owned a number of Dell business laptops, and have three commercial grade servers from them - never had a single hardware problem. I, of course, completely wipe the machines when I get them and do my own install of everything.
Just ordered another server - an amazing box, 2x Quad core 3Ghz processors, 32G RAM and 500Gb Raid 5 15k rpm drives. Under $7500, 36 months 0% interest - same as cash. Can’t freaking beat it. Will be running about 10 VMs on it.
The last time I ever called they're support, (8 years ago) after being on hold 15 minutes, I got some guy from India...I must have said, "Huh, what, I can't understand you" 500 freaking times....
I finally just hung up out of utter frustration.
Never bought another DELL again.
Lots of nice Dells on craigslist.
Michael Dell personally invested with Soros, JC Flowers and John Paulson to buy Indy Mac after it was wiped out probably by hedge fund shorts (soros, flowers and paulson).
So they wipe out companies shorting them for a huge profit, buy em up cheap with financing from uncle sam plus have billions in tax loss carry fowards.
I will never buy another Dell computer.
I always buy Dell. Never a problem.
How about HP?
I’ll trade your worst Dell story over the “best” that HP 1st tier customer service can offer. Hands down the fn worst.
You might consider building your own. It’s quite easy. If you want to make sure all the parts will work together well, just buy a “barebone kit” from Tiger Direct or NewEgg, along with an operating system to install.
I build my own for home use, but at work I've never had a problem with a Dell server.
still profitable.
When I get the VOIP transfer to India I tell them i want to speak to someone in the United States. I think I did that once with HP and the American kids solved it in 2 minutes.
HP’s stuff generally runs forever.
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