“Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral,” Edwin Chan reports for Reuters.
“Sales from its end-user computing division, which incorporates computers, slid 5 percent to $9.1 billion,” Chan reports. “The world’s No. 3 PC maker reported sales of $14.5 billion in the fiscal second quarter, flat from a year earlier but surpassing the $14.2 billion analysts on average had expected.”
Chan reports, “It posted net income of $204 million or 12 cents a share in the fiscal second quarter, compared to $732 million or 42 cents a share in the year-earlier period.”
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MacDailyNews Take: Deserved. For Mikey’s misplaced hubris alone, not to mention littering the world with crappy Windows PCs.