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Wednesday, 17 August 2011 11:02

Dell has gloomy figures for 2012

Written by Nick Farell


End of the world
Tinman Michael Dell is predicting a 2012 which falls in line with Mayan prophecies for the end of the world. (They are not Mayan, they are made up by New Age gits. sub.ed.)

Dell slashed its 2012 revenue forecast as an already weak outlook for technology spending this year worsened, sending its shares more than 7 percent lower. He also cut his full-year revenue growth estimate to just one to five percent, from five to nine percent previously, citing growing uncertainty about whether government and corporate spending on everything from servers to software can hold up in the face of flagging economic growth.

The figures do not look good for rivals such as HP which is more reliant on consumers. The outfit is trying to turnaround after several disappointing quarters. Analysts are expecting to see similar problems with HP as there appears to be a “pause" in technology business spending.

Dell Chief Financial Officer Brian Gladden said in an interview that it is a bit of an uncertain environment at the moment.

Nick Farell

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+1 #1 JAB Creations 2011-08-17 12:51
I've always disliked Dell, fixing their computers is a world of suck (second worst only to HP's old Micro-ATX Pentium 3 boxes). Building a cheap fast and highly optimized computer for your neighbors is always better because if you actually know what they really need the system you build won't come with all the garbage and simultaneously would not be composed of mostly or completely inferior parts especially for the price.
 

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