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Financial News USA
Sep 3


Dell announces below than expected quarterly profit, stock drops
News - Financial News
--(www.FinancialNewsUSA.com)-- 11/19/2009 - Technology industry news provided by Financial News USA. Dell Inc (NASDAQ GS:DELL), the largest US manufacture of Personal computers reported a net profit of $337 million, or 0.17 cents a share for fiscal quarter ending October 30th, down from $727 million or roughly 0.32 cents a share a year ago. Sales missed Wall Street's expectations falling 15% to 12.9 billion, coming under the $13.2 billion forecasters had predicted. As a result shares of Dell fell $1 or 7%. This is seen as a surprise to many as competitor Hewlett-Packard (NYSE:HPQ) reported stronger than expected earnings along with the rest of the PC market.

The company responded, expecting sales to rise given the up coming holiday season and the release of Micrsoft's (NASDAQ GS:MSFT) Windows 7. Michael Dell, the legendary CEO of the company said in a statement that "The launch of Windows 7 is being very well received by small businesses and consumers, and we'll see the benefits of that more fully in our fiscal fourth quarter." About Financial News USA

Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com.
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