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Politics : Formerly About Applied Materials

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To: StanX Long who wrote (55697)	11/16/2001 2:10:08 AM
From: StanX Long	Read Replies (1) of 70976

Friday November 16, 5:42 AM Dell profit drops as PC war hits prices sg.news.yahoo.com NEW YORK (Reuters) - Dell Computer Corp. reported sharply lower third quarter profits on Thursday, as the No. 1 maker of personal computers led a price war and won market share from its rivals. Dell said it would continue to gain market share in the fourth quarter as its revenues rise slightly over the third quarter but industry-wide revenues fall. The Round Rock, Texas-based company reported net income of $429 million, or 16 cents per share, compared with net income of $674 million, or 25 cents per share, in the same period a year ago. Analysts polled by Thomson Financial/First Call had on average expected the company to report earnings per share of 15 cents. Looking ahead, Dell founder and Chief Executive Officer Michael Dell said the company sees fourth-quarter earnings per share at 16 cents. Analysts expected earnings of 16 cents per share, according to Thomson Financial/First Call.

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