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High Tech News

Dell 4Q Earnings, Revenues Drop

Friday, March 02, 2007 11:05:15 AM
By MATT SLAGLE

A Dell computer logo is shown in Dallas, Wednesday, Feb. 28, 2007. Dell Inc. is expected to release quarterly earnings on Thursday, March 1, 2007. (AP Photo/LM Otero)DALLAS (AP) - Dell Inc.'s fourth-quarter profits plunged 33 percent because of weak sales of laptops and notebooks, and the computer maker still faces an unresolved federal accounting probe, customer service complaints, several shareholder lawsuits and stiff competition from rivals.

But amid another disappointing quarter, analysts said Dell at least appears ready to do something about its many problems, even if it takes years to resolve.

Dell said it earned $673 million, or 30 cents per share, in the quarter ended Feb. 2, compared with $1.01 billion, or 43 cents per share, a year earlier. Revenue fell 4 percent to $14.4 billion.


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