Dell Details Plans for Firm's Recovery ; Beleaguered Computer Maker is Quashing Bonuses, Cutting Jobs
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By Matt Slagle  In a memo to Dell Inc. employees days after returning as chief executive officer, Michael Dell said the beleaguered computer maker is quashing bonuses for 2006 and reducing managers to help cut costs and steer the company back toward dominance.
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Dell announced early this morning it has received a notice from the NASDAQ stock exchange threatening the company with a possible de-listing if it continues to delay the filing of its quarterly 10-Q report.  Dell remains the target of an SEC probe, and may have to restate its earnings back several years.
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2.0 - 8,000 = more money Dell will decimate its workforce over the next year, eliminating more than 8,000 jobs. The company released word of this restructuring as it dished out first quarter financial results that beat market expectations.â¦
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Dell Inc. , the world's  second-largest personal computer maker, on Thursday reported  quarterly earnings per share that topped Wall Street's average  estimate, though revenue was short of expectations.
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Dell Inc.  has made progress in its turnaround efforts but still has "a long way to go" to spur personal computer sales and regain lost market share, Chief Executive Michael Dell said on Tuesday.
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By MATT SLAGLE DALLAS - Dell Inc. said Thursday that earnings fell slightly in preliminary first-quarter results, and the computer maker planned to lay off more than 8,000 employees over the next year as part of an ongoing restructuring.
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A lose-lose for the computer business: Dell's competitors will take a hit, and the computer giant's margins will shrink even more.
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A trip by CNET News.com editors and reporters to Dell's headquarters in Texas yields a bonanza of information about the PC maker's plans and operations.
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Dell is revamping its support-services offering as the company continues to battle shrinking growth in PC and server sales.
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Michael Dell, who recently returned to the helm of the PC maker he founded, announces cost-cutting measures to employees in a memo.
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Yesterday's release by Dell Computer of very preliminary earnings numbers for its previous fiscal quarter may give investors at least a handful of data to help them understand the turmoil from which it may be recovering...if it is recovering. The company doesn't appear to be hemorrhaging, and there seems to be at least some good news. But it's hard not to keep seeing question marks and unresolved issues.
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Dell Inc, the number two PC maker in the world, said it had received a notice from the Nasdaq Stock Exchange that it is not in listing compliance because of its delayed fiscal third-quarter report.
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By Laurie J. Flynn  Dell said it would lay off 10 percent of its 88,100 employees over the next 12 months as it tries to increase profit.
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Dell, the No. 2 PC maker, reported sales and profits Thursday that handily beat Wall Street forecasts, and announced it would cut its staff by 10 percent over the next 12 months.
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Dell Inc.  said on Thursday it  received a delisting notice because it was late in filing a  quarterly financial report and plans to request a hearing  before a Nasdaq panel.
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By Crayton Harrison, The Dallas Morning News  Sep. 12--Dell Inc.'s latest snafu has put yet another dent in the Texas computer giant's once sterling reputation.
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(InfoWorld) - Dell Inc. has delayed filing its quarterly earnings report with the U.S. Securities and Exchange Commission (SEC) and may have to restate past earnings statements, the company said Monday. Dell's board of directors began an internal financial audit after learning in August 2005 that the SEC had begun an investigation of the company's revenue recognition and accounting practices for past fiscal years, Dell executives acknowledged Aug. 17 while announcing preliminary results for the second quarter. Since then, Dell learned of a second investigation when the U.S. Attorney for the Southern District of New York subpoenaed the company's financial reporting documents for the years from 2002 through today, said Dell spokesman TR Reid. Neither the SEC nor New York State has announced the results of their investigations, but Dell's internal audit has now revealed that the company may have misstated prior financial reports, including accruals, reserves and other balance sheet items. Until it settles those questions, the company cannot file its SEC Form 10-Q, which confirms its quarterly results, Reid said. Those preliminary results were bad even before Monday's news. Dell earned only US$502 million in profits for the second quarter of 2006, a drop of 51 percent below that period last year. The decline was a casualty of cutting prices in a slow market, Dell Chief Executive Officer Kevin Rollins told analysts in August. Dell, the world's largest PC vendor, has felt increasing competitive pressure from Hewlett-Packard Co. at the same timeÂ chip makers like Intel Corp. have been cutting prices on processors, helping to drive down PC prices. And on Aug. 14, Dell announcedÂ the largest recall of consumer electronics in U.S. history, recalling 4.1 million notebook batteries that suffered from a defect causing them to overheat and sometimes catch fire. Dell is cooperating with both investigations and "will take any appropriate remedial or corrective actions to address any problems," company chairman and founder Michael Dell said in a release. The company has also suspended its share repurchasing program and a meeting with analysts scheduled for Sept. 13. Â