Dell's PC sales keep falling in Q3
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But only on a preliminary basis After pulling all-nighters over the weekend, Dell's crack team of accounting nerds managed to finish off the company's third quarter results - well, almost.â¦
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Dell raced further ahead of rival Hewlett-Packard in the worldwide PC market during the third quarter, according to new research. In separate reports released on Monday, Gartner and IDC both found that the
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Less-than-direct activities Dell continues to cheat on its twenty-year relationship with the direct sales model. Having fallen behind HP in the worldwide PC market, the Texas manufacturer earlier this month began selling selected desktops through WalMart stores in the U.S. and Canada. It's flirted with indirect sales in Europe. And now, it's in talks with various retail outlets in Asia.â¦
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By NO BYLINE  DELL, the world's second-largest personal computer maker, today warned profits would continue to remain under pressure in the short term after it saw fourth-quarter profit drop to GBP 344 million, from around GBP 516m the year before.
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The worldwide market for handheld devices saw its third successive quarter of year-over-year decline in the third quarter of 2004, according to a new report released by IDC.
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(InfoWorld) - Dell plans to report its third quarter financial results later today once the U.S. stock market closes, after delaying the announcement by nearly a week due to accounting troubles. The PC maker had previously planned to file its earnings on Nov. 16, but said it wasÂ sidetracked by ongoing investigationsÂ from its own internal audit committee and by the U.S. Securities and Exchange Commission (SEC) into certain accounting and financial reporting matters. The accounting issues come at an awkward time for Dell. The company has reported a string of disappointing financial quarters, and recentlyÂ lost its title as the world's largest PC vendorÂ to Hewlett-Packard. Dell also faces some pressure to report solid earnings on Tuesday, since HP last weekÂ reported its net profit quadrupledÂ compared to a year earlier. Dell plans to release a third quarter earnings statement on Tuesday, but does not plan to host a conference call, it said in a statement. Future earnings announcements will be pushed back by a week compared to Dell's previous schedule. Last week, Dell announced that anÂ SEC inquiry into its accountingÂ had become a formal investigation. The PC company vowed to cooperate with the investigation and regain compliance with all SEC filing requirements as soon as possible.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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U.S. stocks slipped on Friday, with a  drop in Dell Inc. DELL.O following its disappointing revenue  outlook weighing on technology shares.
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The global market for handheld devices continued to dwindle. The industry has recorded a year-over-year fall for the third successive quarter, according to data released by IDC this week.
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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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Intel on Tuesday released third-quarter financial results showing that it continues to struggle to sell a substantial stockpile of computer chips as demand for personal computers remains slow.
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Dell  said on Friday it  received a letter from Nasdaq saying the computer maker was not  in compliance with listing requirements because it was late in  filing its fiscal third-quarter report.
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Computer and server maker Dell Inc. said Thursday it is delaying the filing of its full third-quarter results as the company and regulators continue to investigate some of its accounting practices.
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Worldwide shipments of personal digital assistants declined for the third straight year, according to a new report.
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The company reports a decline in same-store sales for the third quarter.
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NEW YORK, October 20  - Dell Inc (DELL.NAS) has strengthened its leading position in the global PC market with additional market share gains in 3Q04.
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Steady growth Worldwide PC sales grew by 15.5 per cent in the third quarter of 2007 boosted by increased demand in Europe for laptops. Figures from IDC's Quarterly PC Tracker reveal US shipments of desktop machines continued to decline while laptop growth remained strong. HP was most improved of the big vendors, with growth of 17 per cent.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.