Saturday, April 17, 2021

Dell Shares Fall After Sales Forecast

Bloomberg: A lackluster fourth quarter earnings report and grim predictions for the current quarter have caused Dell’s stock to drop dramatically, dragging many other technology stocks with it. The world’s third largest PC maker reported net income of $764 million, or 43 cents a share, in the fourth quarter of 2011. That marked an 18 percent decrease from the company’s $927 million in income the previous year. Following the announcement, Dell’s stock dropped 7.3 percent yesterday.

Dell blamed sluggish consumer and government sales, as well as the disk drive shortage caused by flooding in Thailand, for its poor showing. The company expects to continue to feel the effects of those pressures in the current quarter and predicted that sales would be 7 percent lower than last year, much lower than analysts’ expectations.

Similar articles

Latest Articles

IT Planning During a...

Without a doubt, 2020 changed everything. I like to compare it to a science fiction movie where time travel is involved. Clearly, we have...

Best Data Quality Tools...

Data quality is a critical issue in today’s data centers. The complexity of the Cloud continues to grow, leading to an increasing need for...

NVIDIA’s New Grace ARM/GPU...

This week is NVIDIA’s GTC, or GPU Technology Conference, and they likely should have changed the name to ATC because this year – it...

What is Data Segmentation?

Definition of Data Segmentation Data segmentation is the process of grouping your data into at least two subsets, although more separations may be necessary on...