“The layoffs, which represent about 16% of its total work force of 4,500 in the country, will take place from January through June, Dell’s senior manager for corporate communications, Jasmine Begum, said Wednesday,” Lee and Kim report. “Ms. Begum said the layoffs are necessary as the company relocates the production of its computer laptops for the U.S., Canada and Latin America markets from Penang to other cheaper production facilities.”
“In the fiscal third quarter ended Oct. 31, Dell’s profit fell 54% despite signs of a recovery in the technology sector and while rivals such as Hewlett-Packard Co. saw profit growth,” Lee and Kim report.
MacDailyNews Take: HP’s net earnings for its fourth fiscal quarter ended Oct. 31, 2009 rose 14% year-over-year, however, in PCs, HP’s revenue declined 12%. Notebook revenue for the quarter was down 8%, while Desktop revenue declined 16%. A better example would have been Apple, whose Mac sales rose 17 percent YOY to a new record of 3.05 million units and whose net income grew 18 percent.
Lee and Kim report, “Dell has fallen behind its competitors in personal computers. It now ranks third behind Hewlett-Packard and Taiwan’s Acer Inc.”
Full article here.
MacDailyNews Take: Soon, Mikey will run out of places to cut. SIDAGTMBTTS.