Feeds

Dell will drop the F-bomb FIVE days early in epic power struggle

That's F for financials, and perhaps a D for performance

Boost IT visibility and business value

Dell has pulled forward the reporting of its fiscal Q1 financials by five days amid a battle between Michael Dell and activist investor Carl Icahn over the future ownership of the Texan PC giant.

The company confirmed last night that it has scheduled the conference call with analysts tomorrow - 16 May - indicating that Dell's numbers could potentially fall short of Wall Street forecasts.

But it made no further mention as to why this is happening earlier than planned and Dell refused to comment further.

According to estimates by the Wall Street Journal, Dell may post sales of $14bn and earnings from operations of $600m. A year ago Dell turned over $14.4bn and made an operating profit of $824m.

The average analyst estimate from Thomson Reuters for Dell's fiscal Q1, which ended in April 2013, is for net profits of $607.1m on the back of revenues of $13.5bn.

In February, founder and CEO Michael Dell tabled a $24.4bn bid to take Dell private again, with a lot of help from Silver Lake Partners and a loan from Microsoft.

The company is losing ground in the device market to Apple and Samsung as consumers switch to tabs and s'mobes, and enterprises extend corporate refresh cycles.

Dell is trying to transform itself into a enterprise tech player to replace those declining PC revenues, and to date has bet more than $13bn on acquisitions to help it get there.

But it'd probably be wiser not to let this play out under the glare of Wall Street's moneymen or under the noses of rivals, so de-listing with a new ownership structure is the plan.

That is if major stakeholder Carl Icahn, who is unhappy with the current offer from Mikey Dell and chums, gets what he wants. ®

Build a business case: developing custom apps

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.