Dell keeps the faith
Clings onto profits
Posted in Business, 5th October 2001 10:21 GMT
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Dell's third quarter financial results are on track. The company projects earnings of 15 to 16 cents per share, on revenue between $7.2 and $7.6 billion.
CEO Michael Dell said the company's strategic, operating and financial position "is better than it's ever been". He also says it has benefited from customer confusion regarding the proposed HP/Compaq merger and expects gains in all product categories.
The news comes on the back of September 11-related profit warnings from Gateway and Compaq (on Monday), helping to pick up some other tech stocks on the market. Cisco also announced this week that it was on track to meet profit expectations, giving ailing investors something to smile about.
Dell's share rose ten per cent yesterday on the news. ®
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