IDC: HP's and Dell's storage revenue tanks in Q4
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Dell and HP reported revenue declines while EMC and IBM posted gains in storage hardware sales in the fourth quarter of 2006, according to IDC.
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November 24, 2004 -- (WEB HOST INDUSTRY REVIEW) -- Technology giant HP  announced on Tuesday it led the competition in worldwide server shipments for the 10th consecutive quarter, according to third quarter 2004 figures released by IDC.
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'We will be known again' A sedate Dell posted fourth quarter results that didn't horrify investors even though its PC and notebook sales fell in dramatic fashion.â¦
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Plus: Dell meets expectations...Storage, servers bruise HP earnings...Healthy sales lift Cisco's profit.
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InfoWorld - Swelling demand for high-end systems in the fourth quarter pushed the global server industry to its highest annual revenue since the market peaked in 2000 as IBM&#160;and Hewlett-Packard held onto their top rankings.
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Server shipments and revenue increased in the second quarter as Sun Microsystems Inc. and Dell Inc. gained market share at the expense of Hewlett-Packard Co.
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EMC Corp. , the world's  largest data storage maker, had the fastest revenue growth  among industry majors in the third quarter while  Hewlett-Packard Co.  decelerated, market researcher IDC  said on Thursday.
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(InfoWorld) - Dell Inc. Tuesday pointed to its adoption of processors from Advanced Micro Devices Inc. (AMD) for pushing it to US$677 million in profit for the third quarter, though the company has delayed reporting final numbers due to an accounting investigation by the U.S. Securities and Exchange Commission (SEC). Dell's preliminary results mark anÂ improvement over the third quarter last year, when it reported $13.91 billion in revenue and a profit of $606 million. Dell reported revenue of $14.38 billion for the quarter, which ended Nov. 3, 2006. Dell did not offer an official comparison to the year-earlier figures, however. Dell reported earnings of $0.30 per share for the third quarter in 2006, beating the estimates of analysts who had expected Dell to earn $0.24 per share on revenue of $14.44 billion, according to a survey by Thomson Financial. The company was scheduled to report its earnings last Thursday, but delayed the move because it was trying to cooperate with investigations by the SEC and the U.S. Attorney for the Southern District of New York. Company leaders had cited the same reason after they missed a deadline for notifying the SEC of their second quarter earnings. They have still not filed that report, called a Form 10-Q. Company executives were not available to comment on the results. The company filed the numbers in a press release only, skipping the traditional conference call with reporters and analysts. Dell pointed to its success in selling computers powered by AMD processors for its impressive numbers. After missing its earnings target for the first quarter, Dell said in May it would finally diversify from selling computers with chips from Intel Corp. Still, Dell is having a rocky year. In June, Chief Executive Kevin Rollins promised to rebound from weak earnings by investing $100 million in customer service and by using fewer rebates in setting PC prices. But in August, Dell was forced to recall 4.1 million defective laptop batteries. Next, Dell acknowledged it was under investigation by the SEC, and, last week, lost its status as world's largest PC vendor to rival Hewlett-Packard Co.(HP). HP turned up the pressure last week when it reported net income of $1.7 billion for the fourth quarter, more than four times its mark for that period last year. Â
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Dell Inc  returned to  double-digit percentage growth in global PC shipments in the  fourth quarter as its new retail sales strategy began to pay  off, while rival Hewlett-Packard Co's  growth slowed,  technology researcher IDC said on Wednesday.
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Dell completed an internal accounting investigation Tuesday and&#160;restated its financial results&#160;from fiscal 2003 to the first quarter of 2007, bringing it into compliance with listing requirements specified by the Nasdaq stock exchange.For the restatement period, Dell cut its cumulative net income by $92 million from a previously reported net income of $12 billion, said Dell spokesman Bob Pearson. The cumulative change to earnings per share was $0.03 from the previously reported $4.78, he said.Dell also reduced revenue by $359 million from the previously reported $196.2 billion for the restatement period, Pearson said.While it was carrying out its own probe of accounting problems during the quarter and under investigation by the U.S. Securities and Exchange Commission (SEC),&#160;Dell faced delisting&#160;on the Nasdaq multiple times for failing to file earnings reports to the SEC on time. The&#160;SEC is still investigating Dell&#160;for certain periods prior to fiscal year 2006. Dell will continue to cooperate and work with the SEC on the investigation, Pearson said.Among a string of filings Tuesday, Dell said in a 10-Q/A filing for the quarter ended May 5, 2006, that it recognized the wrong amount of revenue from certain transactions or recognized revenue in the wrong period. In some cases, Dell prematurely recognized revenue before it settled the terms of sale with a customer, Dell said in the filing.Dell is trying to restructure amid the accounting scandal, personnel changes, and slow growth in the U.S. PC market. In January,&#160;Michael Dell returned as CEO&#160;after Kevin Rollins resigned in an effort to revive the company. In May, Dell announced it would cut 10 percent of its workforce. It is also battling Hewlett-Packard, which is closing in on Dell&#39;s position as the leading U.S. PC vendor, according to a recent IDC study.
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Factory revenues for external disk storage systems grew 3.5 percent year-over-year to $3.4 billion in the third quarter of 2004, according to data released by IDC this week.
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SEPTEMBER 24, 2004 (IDG NEWS SERVICE) - Not expecting a rush of IT spending during the last three months of 2004, Hewlett-Packard Co.
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HP (www.hp.com) announced an investment of more than $3 billion over the next three years designed to vault Intel Itanium 2-based HP Integrity servers to the leadership position in the $20 billion market currently served by RISC processors.
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The PC market, long declared dead by some, grew in double-digit figures again in 2004. Dell expands lead as HP slips.
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(InfoWorld) - New numbers from Gartner show that computer server sales slowed in the third quarter, a trend the research company attributes to virtualization. Gartner's latest report on servers, released Tuesday, shows that worldwide sales grew by 4.4 percent, based on revenue, to just over $13 billion, and 9.1 percent by unit volume, to 2 billion servers. In the second quarter, sales rose 2.5 percent by revenue and 12.8 percent by unit volume. "We have seen double-digit growth in the past," said Jeff Hewitt, research director for Gartner. "Server sales are still growing, but because of virtualization, customers don't have to buy as many servers." Virtualization makes it possible to run more programs on one physical server, using more of its capacity and making it possible for a data center to handle more work with fewer servers. Among the server vendors, market share rankings remained the same in Gartner's numbers, which cover the three-month period ended Sept. 30, compared with previous quarters. IBM Corp. retained the market share lead, with 33.7 percent, based on a 7.4 percent revenue gain to $4.38 billion, from the third quarter of 2005. Hewlett-Packard Co. followed with 25.3 percent market share on a 6 percent decline in revenue to $3.29 billion. Dell Inc. ranked third with a 10.8 percent share on a 10.2 percent revenue gain to $1.41 billion. Sun Microsystems Inc. ranked fourth with a 10.1 percent share based on a 24.7 percent revenue gain to $1.31 billion. Fujitsu Computer Systems Corp. ranked fifth, with a 4.9 percent share on a 5.6 percent revenue gain to $634 million. Other vendors combined for a 15.3 percent share based on 6.5 percent revenue growth to $1.99 billion. Hewitt attributed Sun's resurgence to the introduction of new servers running the Opteron microprocessor from Advanced Micro Devices Inc., which has emerged as a strong competitor to the processors from Intel Corp. In sales based on unit volume, HP led the way with a 26.5 percent share based on 7.2 percent growth to 540,609 units; Dell ranked second with a 22.5 percent share on 10.5 percent growth to 459,950; IBM third with 16.3 percent share on 7.7 percent growth to 332,777; Sun Microsystems fourth with a 4.1 percent share on a 6.4 percent growth to 83,018 units; and Fujitsu fifth with a 3.2 percent, based on a decline of 5.9 percent to 65,171. Other server brands collectively reported 27.5 percent share on growth of 13.4 percent to 560,913 units.
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DALLAS ---- Dell 's fourth--quarter profits plunged 33 percent because of weak sales of laptops and notebooks, and the personal computer maker still faces an unresolved federal accounting probe, customer service complaints, several shareholder lawsuits and stiff competition from rivals.
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Still gasping fromÂ the resignation of its chief executiveÂ in January andÂ an ongoing investigation of its accounting practices, Dell reported fourth quarter profits of $673 million, down sharply from the $1 billion it reported for the same period last year.