toggle

AAPL Stock: 122.77 ( -1.73 )

Printed from http://www.macnn.com

Dell reports revenue despite legal problems

updated 05:50 pm EST, Thu March 1, 2007

Dell reports revenue

Computer maker Dell has announced preliminary fourth-quarter finances, amounting to $14.4 billion in revenue, with $801 million in operating income. This made 30 cents per share for stockholders, and gave the company a total of $12.5 billion in cash and investments. The company will bring in even more money due to not paying bonuses, which were tied to operating targets, but it will lose a substantial amount of that due to investigations into accounting practices. The Securities and Exchange Commission is conducting an ongoing probe into the company; neither they nor Dell, however, have disclosed what the source of concern is. It in fact marks the second quarter in a row that Dell will not be holding a conference call for the results, which the company says would not be "prudent" given legal concerns.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented