Dell profits expected to decline
A report claimed that Dell will announce results tomorrow that don’t match the expectations of financial analysts.
The Wall Street Journal claims to have talked to a person close to the matter who indicates profits continue to fall, as Dell slashed prices in order to boost sales.
The results were supposed to be out on May the 21st but have been brought forward, the source said.
And it indicates revenue will amount to around $14 billion, and comes against the background of potential buyouts from Michael Dell himself, in competition with Carl Icahn and Southeastern Asset Management.
It’s not just Dell that’s been slashing prices, but some suspect there’s politics related to the potential buyout that’s pushing the company to announce its results tomorrow, rather than wait a few weeks.