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XplosiveStocks.com: Dell Inc. (NASDAQ: DELL): on Hot Stock on the Move!
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:21112008
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Dell Achieves 9-Percent Increase in Fiscal Third-Quarter EPS, Driven by
Improved Competitiveness, Execution
ROUND ROCK, Texas, Nov 20, 2008 -- Dell Inc. (NASDAQ: DELL): -- Revenue
down slightly as global IT spending slows -- Rigorous cost management
drives 11-percent year-over-year reduction in operating expense dollars
-- Global Consumer business performance improves Dell fiscal
third-quarter earnings improved solidly as a result of disciplined cost
management and an improved mix of products and services in a
challenging demand environment. Earnings per share increased 9 percent
to 37 cents, on revenue of $15.2 billion.
"Our business model adapts quickly to economic changes, even the kind
of significant challenge we saw in the third quarter," said Michael
Dell, chairman and CEO. "We increased profitability with an improved
mix of products and services -- more than a third of our revenue and
profit now comes from servers, storage, services and software and
peripherals -- and benefited from initiatives to improve our
competiveness, including tight cost controls.
"During previous periods of economic challenge, Dell led in providing
customers the technology they want and the value they need, and we're
doing it again. We're simplifying IT, reducing costs and maximizing
productivity for customers."
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