Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 16 August 2013 09:41

Dell’s privatisation harming company

Written by Nick Farrell

Does my bottom-line look small in this?

Nearly a year of wars over who will control the company has left the hardware maker Dell in real trouble. Michael Dell and his friends in the city want to take the company private so that it can restructure without pesky shareholders moaning that they are not getting any cash. The move is opposed by some shareholders who think he is getting the company too cheaply.

Meanwhile it appears that the company has been destracted and is watching its sales slump.

This quarter's figures show that the company’s quarterly profit has plunged 72 per cent from a year ago. Of course Dell is blaming falling PC sales. Dell’s profit for the second fiscal quarter slid to $204 million, compared with $732 million in the same period last year. It is the seventh consecutive decline in profits for the former number one PC maker.

To be fair to Dell the the results were slightly better than the cocaine nose jobs of Wall Street expected. Revenues were flat at $US14.5 billion, with analysts expecting a decline. Dell's chief financial officer Brian Gladden admitted that things were challenging but the company was seeing growth in its enterprise, services and software businesses.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments