Dell Shares May Rise; Rollins Says PC, Printer Demand `Healthy&#39;
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Dell Inc. shares may rise after Chief Executive Officer Kevin Rollins said demand for computers and printers is ``quite healthy,&#39;&#39; keeping the company ahead of schedule on a plan to reach $60 billion in sales by 2007.
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(InfoWorld) - With U.S. markets closing for Thanksgiving, Google Inc.'s skyrocketing share price andÂ Dell Inc.'s earnings report are ending the fall trading season on a high note. Both developments, which pushed the Nasdaq Composite Index to rise 11.14 points and close at 2465.98 before the Thanksgiving break, highlight positive underlying trends but are shadowed by questions about long-term profits. Google (ticker symbol: GOOG), breaking the US$500 share-price mark Tuesday and staying above the magic number until Thanksgiving, has a market value greater than any media company and all IT companies except for Microsoft Corp. and Cisco Systems Inc. Google's lead in online search helps it grab a lion's share of online advertising revenue. Earlier this month, the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers LLP (PwC) reported that companies spent about $4.2 billion on online ads in the third quarter, as the market grew for the eighth consecutive quarter. But what happens when that growth inevitably slows? Google, expected to generate $2.8 billion in profit this year, is spending enough on R&D to defend its search turf and challenge Microsoft and other software developers in a new generation of Internet-based applications. It is hiring developers at a dizzying rate, and there's no doubt its young talent is generating a wealth of ideas. Most analysts polled by Thomson First Call expect shares to go higher still. Meanwhile, analysts applauded Dell's earnings report, issued Tuesday: Research firm Bear Stearns immediately boosted its rating from "peer perform" to "outperform" while Needham & Co. upped its rating from "hold" to "buy." Shares of Dell (DELL) jumped by $2.31, to close Wednesday at $27.13 Dell said third-quarter net income was $677 million and earnings per share were $0.30. This compares with a profit of $606 million last year, and earlier expectations of $0.24 per share, according to a survey by Thomson Financial. At first blush, the earnings look great. Dell's gross profit margin increased to 17 percent from 15.5 percent in its disastrous second quarter. Following Hewlett-Packard Co.'s tremendous report last week, when it said it quadrupled quarterly profit, this suggests that manufacturers may not have to rely on deep discounts going forward. Dell pointed to strong sales of servers based on Advanced Micro Devices Inc. chips, suggesting that the hardware market is invigorated by competition with Intel Corp. But Dell is under investigation by the U.S. Securities Exchange Commission for possible accounting misstatements. It still has not submitted a confirmed, official earnings report. The quarter's figures, as well as prior-quarter numbers, may be restated. Also, while Dell may be doing well in the server market, its notebook sales are not rising as fast as the market in general, and HP notebook sales growth is outpacing Dell's. Adding insult to injury, HP has overtaken Dell in PC sales. So while the hardware market is doing better than expected earlier this year, the spoils may not be evenly divided. Â
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Fueled by surging demand from business customers in the latest quarter, Dell Inc. is geared to post third-quarter earnings in line with Wall Street expectations, though analysts say declining component prices
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SAN FRANCISCO (CBS.MW) -- Dell Inc. said Thursday its third-quarter profit rose 25 percent from a year earlier as the No. 1 personal-computer maker boosted sales of its PCs, laptops and other gear by 18 percent.
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Stocks extended their rally on Friday,  led by technology shares after computer maker Dell Inc.  DELL.O shot up 8 percent on a higher quarterly profit and an  optimistic forecast.
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NEW YORK - Dell Inc., the worldâs largest personal computer maker, Thursday posted a higher quarterly profit, helped by market share gains and lower component costs despite slowing demand for corporate PCs.
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US technology stocks rose, led by Dell Inc., as the company&#39;s chief executive officer said demand at the world&#39;s No. 1 personal-computer maker is ``healthy.
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U.S. stocks rallied further on Friday,  led by computer maker Dell Inc. DELL.O, a day after it  reported a higher quarterly profit and issued an optimistic  forecast.
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Dell Inc. DELL.O, the world's  largest personal computer maker,  on Thursday posted a higher  quarterly profit, helped by market share gains and lower  component costs despite slowing demand for corporate PCs.
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Plus: Dell meets expectations...Storage, servers bruise HP earnings...Healthy sales lift Cisco's profit.
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By Crayton Harrison, The Dallas Morning News  Dec. 16--Dell Inc. is awaiting a panel's decision on whether its stock will continue to be listed on the Nasdaq stock market, the company said Friday.
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Dell announced early this morning it has received a notice from the NASDAQ stock exchange threatening the company with a possible de-listing if it continues to delay the filing of its quarterly 10-Q report.  Dell remains the target of an SEC probe, and may have to restate its earnings back several years.
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The Standard &amp; Poor&#39;s 500 Index rose, spurred by gains among computer-related shares after the New York Times reported Symantec Corp.
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AUSTIN, Texas _ Dell Inc. expanded its share of the personal-computer market in the third quarter, taking advantage of its traditionally strong commercial sales in the period to extend its lead over rival Hewlett-Packard Co.
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Since its release in early 2003, AMD&#39;s Opteron server CPU has made great inroads almost everywhere... except with Dell. The CEO of Dell, Kevin Rollins, says that may very well be about to change, as the company
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Offering a stark counterpoint to rival Hewlett-Packard Co., Dell Inc. (DELL) reported a nearly 30 percent jump in net income as strong sales of printers, servers and notched double-digit gains in overseas markets...
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SAN FRANCISCO - Dell Inc. continued to outpace the rest of the IT industry in the company's third quarter with sizzling growth in shipments, revenue, and net income adding up to the best quarter yet for the hardware vendor, the company said Thursday.