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August 30, 2007 1:30 PM PDT

Dell silent again after earnings

by Erica Ogg
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Dell actually beat analysts' expectations Thursday when it released the preliminary results of its earnings for the second quarter of fiscal year 2008, but again opted against the traditional follow-up conference call with company executives, investors and the media.

Dell has failed to file its last six quarterly earnings reports and its last annual report with the SEC due to the company's internal investigation into its accounting practices. The probe, which was wrapped up earlier this month, found that Dell accountants were regularly fudging quarterly earnings numbers as far back as 2003 to meet or surpass Wall Street expectations. Meanwhile, the SEC's own investigation continues.

Dell says it's going to get current with its SEC filings in the first week of November, which is good timing. The NASDAQ informed Dell last week it had until November 12 to get its act together or it will be delisted.

Dell says its next earnings report is due November 29, at which time it will return to regularly scheduled programming of taking calls from investors and reporters.

But this quarter was decent. The company reported preliminary results of $14.8 billion in revenue and earnings of 32 cents per share. Servers were the company's strength again, responsible for $1.6 billion in revenue.

According to Gartner, Dell continues to lose worldwide market share in the PC space to Hewlett-Packard. Though still No. 1 in PCs shipped in the U.S., its shipment growth has declined 11 percent from a year ago.

Dell representatives declined to provide details about when the paint problems delaying backlogged orders of its anticipated Inspiron and XPS 1330 notebooks would be resolved.

Erica Ogg is a CNET News reporter who covers Apple, HP, Dell, and other PC makers, as well as the consumer electronics industry. She's also one of the hosts of CNET News' Daily Podcast. In her non-work life, she's a history geek, a loyal Dodgers fan, and a mac-and-cheese connoisseur. E-mail Erica.
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Commodity maker
by MaLvaDo39 August 30, 2007 5:06 PM PDT
Dell's days are over, they make the same windows crap computers
any other vendor makes... No margins and terrible windows os.

There's only one bright side in this industry that will end the dark
days of computing. Get a Mac.
Reply to this comment
huh?
by j_d_mayo August 30, 2007 5:28 PM PDT
Why would "Dell's days be over" if they make the same thing everyone else does with the same crap OS? Maybe you didn't read the article correctly, but they beat wall street estimates. And they just paid kevin rollins and about 400 others a boatload of cash for options. This all came out of current liquid (profit). So again, how are Dell's days over?
Not just the XPS 1330
by aabcdefghij987654321 September 4, 2007 9:59 AM PDT
Ordered a Pink Inspiron 1420 on July 10.
After many delays, the current Estimated Ship date is SEPTEMBER 27. They wait till your ship date to tell you it is delayed again.
Enough is enough. Just bought a Toshiba. Bye Bye Dell.
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