MICHAEL DELL

Dell Inc.'s second-quarter profit was plunged 23 percent as the personal-computer industry's slump dragged on this summer.

Here's a rare spot of good news for former Lehman Brothers Chief Executive Richard Fuld: the vilified Wall Streeter and his wife, Kathleen, sold their Park Avenue apartment for $25.9 million, according to New York City property records.

Dell Inc., the world's second-largest PC maker, will devote more resources to the small-and medium-sized business (SMB) market in China as it considers the segment will be the first to climb out of the recession, said a senior company executive.

The heads of the top U.S. companies might be engaged in the boardroom, but they're switched off when it comes to social media, according to a new study that said CEOs should be more connected to their customers.

Dell Inc, the world's No. 2 PC maker, narrowly beat analysts' expectations for sharply reduced profit on Thursday, even as the global downturn hit technology spending, helping its shares rise after hours.

Dell Inc. posted on Thursday lower-than-expected sales for its first quarter which ended on May 1, saying it was severely hurt by its reliance on business customers.

Analysts polled by Thomson Reuters gave gloomy forecast for Dell’s first quarter which ended at the end of April, expecting a 21.1 percent drop in sales compared to a year earlier.

Dell Inc is still cautious about corporate technology spending, but plans to make acquisitions and aggressively pursue enterprise customers in an effort to win back market share in the United States.

Dell Inc's China sales grew 28 percent in unit terms in the year to January, accounting for about 5 percent of the company's global business, Chief Executive Michael Dell said on Thursday.

Dell Inc is introducing new server and storage products aimed at cost-conscious companies, betting that its emphasis on value can help win market share as competition intensifies.

The chief executive of Dell Inc, the world's No. 2 PC maker, said on Tuesday rumors of IBM possibly buying Sun Microsystems were creating an enormous opportunity for Dell.

Dell Inc expects its Asia revenue to fall this year, amid heated competition and the global slowdown, but it still expects to pick up share in the PC markets in China and India, a top executive said on Friday.

Dell Inc reported a sharper-than-expected fall in quarterly revenue as consumers bought lower-priced personal computers, but cost cuts helped the company's profit meet Wall Street forecasts.

Dell is one of the many technology companies that are taking a long hard look at business operations with the poor global economy looming large, being among the first of the computer makers to see profits drop from the slowdown of computer sales.

Dell Inc, the world's second largest personal computer maker, said its profit and sales grew in its first quarter citing stronger consumer demand and lower operating costs and beat Wall Street's expectations.

Michael Dell said yesterday that he plans to cut more than the 8,800 previously announced jobs as the computer maker struggles to raise profits and sales.

Dell Inc returned to double-digit percentage growth in global PC shipments in the fourth quarter as its new retail sales strategy began to pay off, while rival Hewlett-Packard Co's growth slowed, technology researcher IDC said on Wednesday. Overall, global personal computer sales rose a healthy but less-than-expected 15.5 percent in the fourth quarter, and economic concerns were likely to cut into future demand, IDC said.

Dell Inc. announced on Thursday it will begin selling PCs at more than 900 Best Buy Co. Inc. stores in an attempt to gain more of the U.S. consumer market.

Dell, the world’s second-largest personal-computer maker, decreased $3.80 to $24.33, being viewed as the biggest drag on the S&P 500.

Dell Inc the world's second-largest personal computer maker, posted a rise in quarterly profit on Thursday but gave a cautious outlook, and its shares dropped nearly 7 percent. Net income for Dell's fiscal third quarter grew to $766 million, or 34 cents per share, from $601 million, or 27 cents per share, a year earlier, as the company sold more laptops and component prices fell. Revenue in the quarter ended November 2 rose to $15.65 billion from $14.42 billion.

Hewlett-Packard Co's better-than-expected quarterly results may raise the bar for competitor Dell Inc , which is more vulnerable to U.S. economic woes and reports earnings next week.