Virtualization Expo: Cute Trick Saves Dell’s Bad News from Being Worse
November 20th, 2008 · No Comments
At the end of one of the worst days in the history of Wall Street, when every metric ultimately reacted like acid eating through a thin plate of copper, Dell posted its third-quarter results, returning a surprise 9% increase in EPS on deflated revenues and net earnings apparently because of stock buybacks. The company made no quantitative forecast. It only said that it believes global end-user demand “will continue to be challenging” and that it would focus on optimizing “liquidity, profitability and growth,” particularly profitability.
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