Thursday, May 31, 2007

Dell profit beats Street; to cut 10 pct of jobs

(Reuters) - The after-hours stock price topped a 12-month high set in November. Apart from the results and job cuts, investors were also encouraged as the No. 2 personal computer maker said customers bought more-expensive systems and component prices fell in the quarter, helping profit margins.




"The results are way better than expected," said American Technology Research analyst Shaw Wu, who rates Dell shares as neutral. "They are surprisingly strong in the U.S. enterprise market given that the environment is somewhat mixed."


Read more at Reuters.com Business News

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