Posted on 05/31/2007 2:16:17 PM PDT by Zakeet
Dell Inc. said Thursday that earnings fell slightly in preliminary first-quarter results, but the computer maker planned to lay off more than 8,000 employees over the next year as part of an ongoing restructuring.
Dell said it earned $759 million, or 34 cents per share, in the three months ended May 4. That compared with $762 million, or 33 cents per share, in the year-ago period.
First-quarter sales rose nearly 1 percent from the year ago period to $14.6 billion.
[Snip]
The layoffs, which represent 10 percent of Dell's global work force of 88,100 full time and part-time employees, come as Dell struggles to regain market share after Hewlett-Packard Co. ousted it from the top spot in worldwide computer shipments last year.
In the first quarter, HP kept its lead over Dell with about 4 percent more shipments, according to tech research firms IDC and Gartner Inc.
As part of an ongoing turnaround effort led by Michael Dell, the company has undergone an executive shake up and numerous other changes to improve customer service and reclaim market share.
The company said it was reviewing costs across the board and that the job cuts would vary across geographic regions and customer segments to "reflect business considerations as well as local legal requirements."
"While reductions in head count are always difficult for a company, we know these actions are critical to our ability to deliver unprecedented value to our customers now and in the future," Michael Dell said in a statement.
(Excerpt) Read more at news.yahoo.com ...
Ask the guy that wrote it.
But those after hours numbers usually don’t have enough volume to be all that meaningful. Just a handful of people who probably missed the 2% gain during the day and wanted a piece of it and overpaid.
Well, that may be true. If so, Intel still benefits from AMD pushing them. But AMD has done great things in the past.
Time will tell.
Competition is good, I don’t really like seeing AMD falling so far behind. I had never liked AMD processors after their early K6’s burned up, since they had no temp sensors. The only time I’ve tried AMD, they turned into liquid of plastic on me.
Just because I’ll never buy one again, doesn’t mean I don’t like the competition though.
Sorry to hear about your bad experiences.
I've built nothing but AMD boxes since a single Pentium 66 machine I did many moons ago. It adds up to dozens of machines, and I've never had a single AMD CPU burn up on me. I've never had a bad one, nor a failed one. I had one (my personal machine) overheat due to a seized sleeve-bearing cooler, but it ran fine with a new cooler.
Too bad you swore them off. The past year or two has produced some very fast stuff on the AMD side.
Right now, Intel is really firing on all cylinders. Core2 looks like it's gonna rock da house for a while anyway.
Not Dell but Chase, they start off by lying and saying their name is Bob, yeah right.
Actually from what I understand they give false names because they are instructed too. A fruitless attempt to deter anger for not being an American tech, and secondly because most people can’t pronounce Indian names.
I had an Indian economics prof and he finally shortened his name to V.G. since so many people kept fouling his real name up. Funnily enough he was much more conservative and sane than most American profs I had.
Intel’s going multicore full blast, 8 min by early 2008. I think that’s the future, and AMD needs to seriously catch up. Intel already had a roadmap for 32nm.
I’ll never *buy* AMD, but like I said, they need to be there to push Intel (for me) forward.
As a H-P stockholder... I’m satisfied these days.
dude; gig’em!
Haven’t seen you around here lately.
>>I’ve never understood the extreme dislike most people seem to have for the Indian tech suppport staff. I’ve yet to speak to one<<
This is a joke, right?
>>>But those after hours numbers usually don’t have enough volume to be all that meaningful. Just a handful of people who probably missed the 2% gain during the day and wanted a piece of it and overpaid.<<<
Who are you? A CBS Reporter? That was truly one wild speculation with absolutely no basis in fact (it was Dan Rather-like). For the record, the After-Hours volume was nearly 10.5 million shares. Hardly insignificant.
Let’s just say this, anyone who paid 6% more for this stock after hours is just plain stupid. It may open up 1-2% higher, but nothing that happened after hours justified paying a 6% premium. Just plain stupid, when I guarantee the stock could be had cheaper if they just waited for the market to open. Rarely do after hours numbers mean very much.
Sorry randog.
Wasn't meant for you. My experience is closer to yours
Do you understand how ridiculous you sound? Obviously you don't know any of those 8,000, but keep in mind some others just might. When it finally is someone you know, you might finally care, but then again maybe not, since we're all just some name on a message board.
You thought I was somehow serious, that those laid off are celebrating Dells stock bumping up a few ticks?
Come on. Think of the word sarcasm, and apply it here.
Sorry if I misfired, but I have in fact seen worse comments than that here. Thanks.
What's that, wanting to see people in the US laid off while equivalent numbers are hired in Asia?
No problem
It’s called capitalism my good man. If you don’t like it move to Europe and get a job at airbus, I guarantee you won’t get fired even as the government bankrupts itself and sells whatever it has left to the Chinese to keep jobs in the countries.
The Chinese and Indians vastly outnumber us. The way I see it we can cling to our own bits of rock and let them outproduce and overpower us while we struggle to keep obsolete jobs in the country. Or we can join in the ballgame and claim our own gold out of those booming markets.
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