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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63870)	5/17/2002 2:00:27 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Dell Computer Profit Falls 1.1% on Weak Sales Growth (Update4) By Peter J. Brennan quote.bloomberg.com Austin, Texas, May 16 (Bloomberg) -- Dell Computer Corp., the world's second-largest personal-computer maker, said first-quarter earnings fell amid weak growth in corporate demand. Second-quarter sales and profit will exceed analysts' estimates, Dell said. Net income in the period ended May 3 fell to $457 million from $462 million a year earlier, while per-share earnings stayed at 17 cents, Dell said in a statement. Sales rose to $8.07 billion from $8.03 billion. The percentage of sales left after paying production costs fell to 17 percent from 18 percent a year ago, and investment and other income dropped 18 percent, the company said. Chief Executive Michael Dell said corporate customers won't increase their spending on PCs until their own companies have better profits. ``Corporate America is reluctant to make much of a commitment'' to buy more PCs, said Bob Rezaee, who helps invest $8 billion at Montgomery Asset Management. Montgomery owns 600,000 Dell shares.