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NEWS ABOUT: Dell

Downturn Derails Dell's Turnaround

Cost-cutting kills off plans for flashy new product lines

(Newser) - Shifting consumer demand and the sagging economy spell trouble for Dell's turnaround strategy, the Wall Street Journal reports. Founder Michael Dell had been making progress since returning to the company last year with a two-pronged rescue plan, but weak sales mean his goals of cutting costs at the low end... More »

Bloodied Stocks Rebound

Selloff brings in sellers

(Newser) - Stocks took a big bounce at the open today, after two brutal days that sent markets to 11-year lows. The Dow jumped 137 at the open, with the S&P and Nasdaq trading 2.2% and 1.8% higher, respectively. Citigroup shares jumped 5%, on news the company was considering... More »

Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates in redrawn rankings of world's wealthiest

(Newser) - The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as... More »

Dell to Sell Factories as It Retools Strategy

PC maker will shed infrastructure in effort to stay competitive

(Newser) - Dell is looking to sell off its computer factories, the Wall Street Journal reports, drastically altering a business model that was once the envy of the industry. Journal sources say the aim is to sell most, if not all, of the plants in the next 18 months; most likely buyers... More »

Dell, Income Data Sour Stocks

3-day streak of gains broken on weak computer profits, lower income figures

(Newser) - Stocks lost value today on disappointing second-quarter earnings from computer maker Dell and news of declining personal incomes, MarketWatch reports. Trading remained light ahead of the Labor Day weekend as the Dow lost 171.22 to close at 11,543.96. The Nasdaq dropped 44.12, to 2,367.52,... More »

Modest Gains From Mixed Day

Fannie, Freddie continue to bleed out; H-P brightens tech sector

(Newser) - The markets ended up after alternating from gains to losses in today’s session, MarketWatch reports. Fannie Mae and Freddie Mac continue to make traders uneasy about financial firms, but strong results from Hewlett-Packard provided a welcome distraction. The Dow closed up 68.88 at 11,417.42. The Nasdaq... More »

Mixed Day Yields Mixed Results

Dell performance rallies tech; Commerce Department gives bad news

(Newser) - Stocks ended mixed after a seesaw session today, with strong performance by tech and energy shares contrasting with bad news on consumer spending and incomes, MarketWatch reports. The Dow closed down 7.90 at 12,638.32. The Nasdaq gained 14.34 to 2,522.66, while the S&P... More »

Low-Income Buyers Make Brazil 5th-Biggest PC Market

More money and more credit fuel surge, helping Dell and HP

(Newser) - Brazilian consumers are putting better credit offers and growing wealth into computers, and HP and Dell are the beneficiaries. The country is now the 5th-biggest PC market in the world, and low-income buyers are fueling the boom there. Computer shipments rose 38% last year to 10.7 million, Bloomberg reports,... More »

Dell Gets Behind Alienware for Gaming PC Push

Computer giant tries to recapture geek hearts with languishing brand

(Newser) - Dell is dumping its popular XPS line of gaming PCs so it can focus exclusively on the once-hot Alienware brand it acquired in 2006, the Wall Street Journal reports. The PC giant is in the midst of a full turnaround push, having fallen behind arch-rival HP, so it’s hoping... More »

Dell Jumps on Cheap Notebook Trend

Caters to emerging low-cost high-mobility market

(Newser) - Cheap, small notebooks look like the next big thing. Dell today announced it was jumping into the burgeoning segment, which doesn’t quite have a name yet—some call them netbooks, others mini-notebooks, still others ultramobile PCs or UMPCs. Dell’s machine will start at $399, and sport a wee... More »

PC Makers Aim Overseas

US remains biggest market as demand in other skyrockets

(Newser) - PC makers are increasingly setting their sights on markets outside the US, which are making up an ever-larger share of the worldwide computer market, USA Today reports. PC sales are growing in the US, still the world’s largest market, but are rising much faster elsewhere. Last year, the US... More »

Tanking Dow Drops 315 Points

Huge AIG, Dell losses spark sell-off

(Newser) - The Dow lost an incredible 315.79 points today to close at 12,266.39 as AIG reported the biggest losses in its history and bellwether Dell reported a year-over-year fourth-quarter profit decline of 6%. The Nasdaq slipped 60.09 to 2,271.48, and the S&P 500 lost... More »

Profits Slide as Dell Streamlines

6.5% drop on consumer slump, 'slow as molasses' turnaround

(Newser) - Dell posted a 6.5% decline in profits for its fiscal fourth quarter yesterday, citing slowed consumer spending and the cost of restructuring, which included slashing thousands of jobs, the Wall Street Journal reports. The Dell results are likely to cause concern about other tech stocks—especially those that rely... More »

Facebook Graffiti Proves Worthy

Dell's "ReGeneration" contest sparks Graffiti users to post green art

(Newser) - Most blog posts, Flickr pics, and YouTube vids are junk, a Los Angeles Times blogger laments, but Facebook has drummed up a cyberspace winner called Graffiti. The online painting tool has had more than 8 million users and sparked fine submissions in Dell’s “ReGeneration Contest," which asks... More »

Don't Worry About 'Tingling Sensation': Dell

Company admits to shock problem, says it's not dangerous

(Newser) - Dell has acknowledged that some of its laptops give a “tingling sensation” to users when plugging in cables or accessories—but insisted the “voltage does not present any risk of injury.” Complaints about the surprise jolts have been trickling in about a few different models for the... More »

Dude, You're Losing an Account

Dell hires WPP to form one ad agency replacing the work of 800

(Newser) - Computer giant Dell has chosen WPP to handle all of its global advertising and marketing - bringing to one agency $4.5 billion worth of billings that had been spread among an astonishing 800 agencies world wide. The Wall Street Journal reports Dell and WPP will strike a unique partnership... More »

Techs Put Damper on Optimism

Dell's struggles narrow Bernanke boost

(Newser) - The markets closed up today on rumors of a coming interest rate cut, but bad news in the tech sector limited gains. The Dow climbed 59.99 points to 13,371.72, but only after a negative forecast from Dell erased a sizable morning rally. The S&P 500 climbed... More »

HP Earnings Spike 28%

The PC and server giant enjoys high sales, not affected by economic slump

(Newser) - Computer and printer giant Hewlett-Packard rode strong server, software, and PC sales to a 28% boost in fourth quarter earnings from a year ago, CNN Money reports. The company posted a net profit of $2.2 billion, with a share price of 81 cents, up from 60 cents a year... More »

Sun Rises on Dell

Deal to install Solaris OS on Dell servers should help Sun Microsystems grow

(Newser) - Computer seller Dell, looking to regain momentum by responding to business customer demand to offer broader, simpler technology solutions, will install the Solaris operating systems on its servers, giving a boost to longtime rival Sun Microsystem’s efforts to grow its software business, reports the New York Times.  “... More »

Apple's Bite Bigger Than Ever

Computer sales surge as new operating system nears debut

(Newser) - Sales of Mac computers are booming, boosted by the success of Apple's iPod and iPhone among PC users. Apple will move into third place among computer makers today—behind Hewlett Packard and Dell, reports the New York Times. The surge comes just as Apple is about to release the new... More »

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