Dell lays off 8,000; 1Q earnings sag
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Dell Inc. beat Wall Street predictions in its first-quarter earnings report but said it would eliminate 10 percent of its work force over the next year as part of a broad plan to trim costs and become more competitive with rivals.
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Dell also announced that it would lay off 10 percent of its work force over the next year in order to reduce costs.
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Slashed earnings estimate pulls down shares.
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US COMPUTER maker Dell will shed more than 8,000 jobs, including 450 in the Irish Republic, over the next year as part of restructuring.
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Dell Inc. DELL.O said on Thursday it   received a delisting notice because it was late in filing a   quarterly financial report and plans to request a hearing   before a Nasdaq panel.
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By Andrew D. Smith, The Dallas Morning News  Feb. 21--Analysts expect disappointing numbers when Dell Inc. announces earnings next week, but they see nothing disappointing about the new hires and initiatives at the company.
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By MATT SLAGLE  DALLAS - Dell Inc., which is the subject of a federal probe into its finances, said Thursday that fourth-quarter profits plunged 33 percent due to weak sales of laptops and notebooks, which account for the lion's share of its revenues.
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Dell Inc.  is leaving the LCD television business to focus on its core PC products amid an ongoing company overhaul by founder Michael Dell, Taiwan media reported on Thursday.
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Dell Inc.  on Thursday reported a higher quarterly operating profit, but slow holiday sales and a new growth target that disappointed Wall Street sent its shares down 3 percent.
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Shares of Dell Inc.  slid more than 3.5 percent before the bell on Friday after the top personal computer maker reported earnings that reflected soft sales in the consumer market and offered an outlook that disappointed Wall Street.
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Plus: HP profit gains on cost cuts, cheaper components...Dell execs skewed numbers to meet earnings targets...Applied Materials posts lower quarterly profit.
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In a memo to Dell Inc. employees days after returning as chief executive officer, Michael Dell said the beleaguered computer maker is quashing bonuses for 2006 and reducing managers to help cut costs and steer the company back toward dominance.
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Dell Inc., the world's second-largest personal computer maker, reported on Thursday a sharply lower quarterly profit while revenue fell short of Wall Street expectations, sending its shares down 1.7 percent.
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SAN FRANCISCO -- Dell Inc., the world's second-largest personal-computer maker, posted fourth-quarter profit and sales that trailed analysts' reduced estimates after the company lost customers to rivals over the holidays.
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Fourth-quarter tallies show Dell's global PC sales declined.
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Dell Inc., the world's second-largest personal-computer maker, reported first-quarter profit and sales that beat analysts' estimates and said it will cut about 8,800 jobs. The shares rose 5.9 percent in extended trading.
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By The Associated Press  DALLAS - In a memo to Dell Inc. employees days after returning as chief executive officer, Michael Dell said the beleaguered computer maker is quashing bonuses for 2006 and reducing managers to help cut costs and steer the company back toward dominance.