When Dell reports its fiscal 2009 fourth-quarter earnings next month, there will be some hefty pre-tax charges, the PC maker said Wednesday. The charges will cover relocating some of its manufacturing and distribution operations by fiscal year 2011 and accelerating the vesting of stock options that were previously awarded. Dell, which will announce its fourth-quarter results on February 26, said it expects the pre-tax charge will be for $280 million, or 11 cents a share. In its filing with the SEC, Dell said the cost-reduction measures were part of its plan announced in March to reduce its expenses by $3 billion. The company says there will be more cost-cutting measures during fiscal year 2010, which begins January 31.
Friday, January 30, 2009
Dell to take $280 million fourth-quarter charge
When Dell reports its fiscal 2009 fourth-quarter earnings next month, there will be some hefty pre-tax charges, the PC maker said Wednesday. The charges will cover relocating some of its manufacturing and distribution operations by fiscal year 2011 and accelerating the vesting of stock options that were previously awarded. Dell, which will announce its fourth-quarter results on February 26, said it expects the pre-tax charge will be for $280 million, or 11 cents a share. In its filing with the SEC, Dell said the cost-reduction measures were part of its plan announced in March to reduce its expenses by $3 billion. The company says there will be more cost-cutting measures during fiscal year 2010, which begins January 31.
Dell to take $280 million fourth-quarter charge
When Dell reports its fiscal 2009 fourth-quarter earnings next month, there will be some hefty pre-tax charges, the PC maker said Wednesday. The charges will cover relocating some of its manufacturing and distribution operations by fiscal year 2011 and accelerating the vesting of stock options that were previously awarded. Dell, which will announce its fourth-quarter results on February 26, said it expects the pre-tax charge will be for $280 million, or 11 cents a share. In its filing with the SEC, Dell said the cost-reduction measures were part of its plan announced in March to reduce its expenses by $3 billion. The company says there will be more cost-cutting measures during fiscal year 2010, which begins January 31.
Dude, Putin is so not getting a Dell
Many have by now learned that Russian Prime Minister Vladimir Putin is a bit, uh, prickly. But Michael dell found out first hand at the World Economic Forum in Davos, Switzerland, on Wednesday. During the opening of the show, Putin gave a wide-ranging, 40-minute speech. When it came time for questions, Dell asked "How can we help" you with your country's IT infrastructure, according to a report in Fortune. Putin immediately rebuffed the PC company's founder. "We don't need your help. We are not invalids. We don't have limited mental capacity," Putin responded. (I think the only appropriate response to that is, "Oh, snap!") Now, I wasn't there, but it's highly unlikely this is anything close to what Dell was suggesting. Fortune writes that the "slapdown took many of the people in the audience by surprise." Um, rightfully so. But that wasn't the end of Putin's verbal judo attack on Dell and his company. Near the conclusion of his talk he reportedly talked up Russian scientists and how they are "respected not for their hardware, but for their software." Double snap. It's worth noting that Davos can be a humbling place for Dell. My CNET News colleague Ina Fried was at Davos back in 2000 and remembers the sight of Dell flipping slides for a fellow tech executive when the two were part of a panel. The look on Dell's face was priceless. Evidently slide jockey is not a role he coveted. Update: The video showed up on YouTube. Here it is:
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