Dell Computer profits up sharply

Article Abstract:

Dell Computer Corp's third quarter profits have doubled, with a net income of $28.6 million compared to $13 million in the comparable quarter of the previous year. Analysts had predicted between 48 cents and 65 cents a share instead of the whopping 72 cents per share attained by the computer company. Experts contend that despite fierce price wars in the microcomputer industry Dell has managed to increase its global market share to over 7 percent, compared to 4 percent at the end of 1991. Sales for the third quarter were up to $570 million from $229.3 million and profit increased to 5 percent of sales. Fourth quarter growth is also expected to be strong and Dell is likely to exceed sales of $2 billion for the fiscal year ending in Jan 1993. The company's government, corporate and educational customers have accounted for half of its sales.

Profits, DELL, Third Quarter, Profit

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Dell posts 48% plunge in profits; computer maker's stock drops $7.375

Article Abstract:

Dell Computer Corp reports an unexpected 48 percent drop in its 1st qtr 1993 profits, to $10.2 million. The news plunged the company's stock by $7.375, or 23 percent, to $24.75 on May 25, 1993, the day of the announcement. According to Michael Dell, Dell Computer's chairman and CEO, the negative financial performance is a result of delays and cancellations of some of its notebook computers that were already in production. He added that the company no longer expects to meet its 1993 earnings forecast of $3.30 a share. Dell Computer had expected its notebook line to bring in 20 to 25 percent of its 1993 sales, or about $700 million. Instead, 1st qtr sales was only about $40 million, or 6 percent of the company's total sales.

First Quarter, Notebook Computer

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