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

Remote control for virtualized desktops

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.