Dell has had to cut prices to keep consumer demand pumping
Computer industry bellwether Dell has reported an 11% drop in quarterly profit because of a one-off tax charge.
Net income in the three months to 28 January was $667m (£357m) from $749m a year earlier. Sales were up 17% at $13.46bn - just below market targets.
Dell paid $280m in taxes during the quarter so it would now qualify for a lower tax rate on overseas profits.
Dell shares fell 4% in trading in New York on Friday, as analysts questioned future sales.
source full story: news.bbc.co.uk/1/hi/business/4256109.stm
Computer industry bellwether Dell has reported an 11% drop in quarterly profit because of a one-off tax charge.
Net income in the three months to 28 January was $667m (£357m) from $749m a year earlier. Sales were up 17% at $13.46bn - just below market targets.
Dell paid $280m in taxes during the quarter so it would now qualify for a lower tax rate on overseas profits.
Dell shares fell 4% in trading in New York on Friday, as analysts questioned future sales.
source full story: news.bbc.co.uk/1/hi/business/4256109.stm