Updated at 1:50 p.m. PST with comments from CFO Brian Gladden.
Dell's profit sank drastically during the final quarter of 2008.
The PC maker reported fourth-quarter revenue of $13.4 billion Thursday, a 16 percent drop from $15.9 billion reported the same quarter a year ago. Dell's profit for the quarter totaled $351 million, or 18 cents per share, compared to $671 million and 31 cents per share the year before. That's nearly a 48 percent drop in profit. Analysts had been anticipating earnings per share of 26 cents.
Dell had reported last month … Read more