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Dell Anticipates $280m Charge

Charge will cut earnings by 11 cents a share
By Maureen O'Gara
Article Rating:
January 31, 2009 07:00 AM EST
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 1,323

Giving fair warning, Dell said Wednesday that it's figuring on writing off $280 million in the quarter ending in January, a charge that will cut its earnings by 11 cents a share. The allowance includes $135 million for closing its Irish plant, restructuring distribution and laying people off. The other $145 million pertains to stock-based compensation. It's part of the company's attempt to pare $3 billion in costs. Dell reports February 26 and was expected to earn 31 cents a share.

Published January 31, 2009 – Reads 1,323
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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