“Worries about competition from other tech companies and spending cuts from government customers drove Dell shares lower in premarket trading Wednesday,” The Associated Press reports.
“On Tuesday, the computer maker said its fourth-quarter profit dropped 18 percent to $764 million, and its revenue prediction for the current quarter was short of Wall Street analysts’ expectations,” The Associated Press reports. “Like other PC makers, the Round Rock, Texas, company was squeezed in the past quarter by parts shortages caused by massive flooding in Thailand in October. The fallout from that catastrophe temporarily closed Thailand factories that churn out hard drives, driving up the prices that Dell had to pay for them.”
MacDailyNews Take: Like other PC makers not named Apple. For how long will the Thailand floods be used as cover by POS peddlers like Dell to hide the royal ass-kicking Apple Macs have been and continue to administer to crappy Windows PCs?
The Mac has outgrown the Windows PC market as a whole for 23 straight quarters. That’s six years.
AP reports, “Dell also has other problems. Cutbacks at government agencies facing budget deficits have added to Dell’s troubles in the U.S. and Western Europe. And consumers are increasingly choosing sleek tablets and smartphones made by Apple Inc.”
MacDailyNews Take: And Macs. Duh. The unnamed AP hack “reporter” of this mess sucks almost as much as a Dell.
• Apple Mac vs. Windows PC: ‘PC’ decline even worse than reported – January 16, 2012
• Apple Mac, Windows PC killer – January 12, 2012
• U.S. Windows PC shipments drop 6% in holiday quarter as Apple Macs surge 21% – January 11, 2012
AP reports, “Sterne Agee analyst Shaw Wu maintained his underperform rating on the stock, saying that investors have underestimated the competitive threat to Dell from Apple and other rivals such as Acer, Lenovo and Hewlett-Packard. Shaw said Dell may have a difficult time improving its operations.”
Read more in the full article here.
MacDailyNews Take: Beleaguered.
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Beleaguered Dell: Shut it down and give the money back to the shareholders – March 02, 2007
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Steve Jobs emails Apple team: Michael Dell not the best prognosticator, Apple worth more than Dell – January 16, 2006
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Hahahaha Beleagured dell 🙂 🙂
Beleaguered ** 😛
Delleaguered!
YES 😀
Parts shortage, floods in Thailand, really?
Mickey, want to sell the company and give the money back to the shareholders?
Hey let’s get Mikey!!! He wont eat it, he hates everything!!!
Hey Mikey!! He LIKES IT!
Eat your words Mikey! that’s LIFE! You arrogant, narcissist junk peddler.
Poor Mike
I don’t care about Mikey Dell’s predicament, but I do feel for the many Dell employees who are suffering from Dull Disease. May they find a much better place in which to work soon.
Perhaps a Nightline piece about the horrors of working at dull, repetitive Dell?
Day after day working for a jackass, making crap-in-a-case.
Cruel
Ain’t that the truth!
Michael Dell should sell the company forthwith and invest the proceeds in Apple stock instead of continuing to throw good cash into crappy products.
Dell has a terminal case of RIMitis.
Considering how much blame the floods in Thailand have gotten, you’d think it was on the scale of a nuclear meltdown in Japan! It seems to me that these tech companies are more concerned about their hard drives than the people who live and work there.
http://en.wikipedia.org/wiki/2011_Thailand_floods
http://en.wikipedia.org/wiki/Fukushima_Daiichi_nuclear_disaster
I know, merge RIM an Dell. Yhea, that’s right, merge, then New phone, New tablet-compete against Apple! Right! 🙂
Nah-nah-nah-nah, nah-nah-nah-nah, hey-hey-aaa, goodbye.
Beleaguered Dell, my azz. Dell reported profit and over $5 billion in cash flow for the recently completed fiscal year.
Nice try.
“… its [Dell] fourth-quarter profit dropped 18 percent to $764 million.”
The article said *nothing* about fiscal year income. The article was about the FOURTH-QUARTER.
By the way, do you *really* wanna get into a pissing contest about annual earnings?? Because Dell’s annual profit (and cash flow) is about equal to Apple’s toilet-paper, Evian water, and tofu & watercress budget for the year.
Go back to your bridge.
haha, nice one!
BOOLSHEIT!
$5B cash flow for the YEAR? Apple’s cash flow last QUARTER was $35B. Profits for the quarter? Dell’s was under $1B. Apple’s was $13B. Beleaguered!!!
The $5 billion in cash flow was blown on operating expenses mostly high interest debt repayment to loan sharks.
The mob have obviously been squishing Mikey’s head in a bench vise to get him to pay up faster.
Dell Inc. is so last century!!!
Apple has enough cash to buy Dell and HP then shut them down!!
Matthew 19:30: But many that are first shall be last; and the last shall be first.
Reckoning time.