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The decline in sales has proved so severe that Dell’s earnings have fallen to the lowest level since 2002.
On Thursday, Dell reported that net income for the fourth quarter, ended Jan. 30, fell 48 percent, to $351 million from $679 million reported in the fourth quarter of the prior year. Revenue tumbled 16 percent, to $13.4 billion from $16 billion.
Excluding one-time expenses, Dell earned 29 cents a share, 3 cents better than the consensus forecast of Wall Street analysts, according to Thomson Reuters.
Instead of tough talk about trouncing competitors, Dell executives are focusing on their efforts to streamline the company...
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