EL-- this article probably helped CPQ to drop as people bailed to buy DELL... LOL CPQ may never post numbers like this if DELL continues to eat its lunch... BTW I will bail around the same $$ as you,,, at a loss but smaller than here LOL.
Dell Profits Rise 47 Percent
By RENAE MERLE Associated Press Writer
AUSTIN, Texas (AP) - Dell Computer Corp. (Nasdaq:DELL - news) reported a 47 percent increase in
second-quarter profits, helped by a 67 percent increase in sales to small businesses and consumers.
Dell, the largest seller of computers directly to customers, said it earned $507 million, or 19 cents per share, in the quarter
that ended July 30. That was up from a profit of $346 million, or 12 cents a share in the same period last year.
Revenues rose 42 percent to $6.14 billion from $4.33 billion.
The profit beat the 17 cents per share expected by financial analysts surveyed by First Call/Thomson Financial. The results
were released after the close of financial markets Tuesday.
Dell's upbeat results were in sharp contrast to archrival Compaq Computer Corp. (NYSE:CPQ - news), which posted a
$184 million quarterly loss last month as it lost sales to Dell.
Dell's growth in the home user market probably has affected several competitors, particularly Hewlett-Packard Co.
(NYSE:HWP - news) and Compaq, which depend on retail sales, said Lou Mazzucchelli, senior vice president of the New
York investment house Gerard Klauer Mattison. |
