Printed from http://www.electronista.com

Dell reports revenue despite legal problems

updated 05:50 pm EST, Thu March 1, 2007

Dell reports revenue

Computer maker Dell has announced preliminary fourth-quarter finances, amounting to $14.4 billion in revenue, with $801 million in operating income. This made 30 cents per share for stockholders, and gave the company a total of $12.5 billion in cash and investments. The company will bring in even more money due to not paying bonuses, which were tied to operating targets, but it will lose a substantial amount of that due to investigations into accounting practices. The Securities and Exchange Commission is conducting an ongoing probe into the company; neither they nor Dell, however, have disclosed what the source of concern is. It in fact marks the second quarter in a row that Dell will not be holding a conference call for the results, which the company says would not be "prudent" given legal concerns.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

iRig Pads

When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

Advertisement

toggle

Most Commented

 
toggle

Popular News