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.