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Charges kill shine
Dell Hardware maker, Michael Dell, still has an uphill struggle to fix his ailing business, according to News.com.
While revenue has gone up by ten percent, News.com points out that much of that profit has been eaten up by charges. Dell has already fired 3,200 employees in the last eight months to keeep its costs down. It looks like more restructuring work and cost cutting is needed before the company is back on track.
Donald Carty, the company's Vice Chairman and Chief Financial Officer, admitted as much in a recent conference call. On the same conference call, Dell said the company was "managing closely and watching closely."
More here.
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