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Liveblogging Dell Earnings

November 19, 2009
by Andrew LaVallee
Reporter, The Wall Street Journal

Andrew LaVallee

Dell’s (DELL) fiscal third-quarter earnings fell 54 percent to $337 million, while revenue declined 15 percent to $12.9 billion.

The personal-computer maker saw revenue in its small and medium business unit slip 19 percent from the year-earlier period, while its consumer business was down 10 percent. In a statement, Michael Dell, its chief executive, said that the launch of Microsoft’s (MSFT) Windows 7 has been “very well received” by consumers and businesses, and that the company will see those results more in the fourth quarter.

Dell also highlighted its performance in China, where sales grew 8 percent. Combined sales in China, India, Brazil and Russia rose 5 percent.

The company is likely to discuss its recent acquisition of Perot Systems, though investors may also want to hear more about its smart-phone plans and how it’s competing with Hewlett-Packard (HPQ), which reported a revenue drop as well as a purchase of its own last week.

Read the rest of this post on the original site

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