Dell to Take $280 Million in 4Q Charges [Economy Deathwatch]

A month before announcing fourth-quarter results, Dell began to set the stage by saying it expected $280 million in expenses from job cuts and stock option-related costs.

The job cuts are part of its previously-announced plan to cut costs by $3 billion by the end of fiscal 2011. Dell is set to announce fourth-quarter results on Feb. 26.

In other Dell news, company founder Michael Dell got a rude answer at the Davos Economic Forum after he asked Russian prime minister Vladimir Putin how the IT industry could help expand information technology in Russia.

Said Putin: "We don't need help. We are not invalids. We don't have limited mental capacity."

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By Jeff Beckham in Other on January 28, 2009 4:01 PM 0 Comments

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seth

When I worked at Apple during the dark years of ~1997, Michael Dell was gloating over his company's success. An interviewer asked him what he would do to turn Apple Computer around. He said, "Liquidate the company and return the money to the shareholders."

Well, bitch, maybe if you woulda spent some of those billions inventing stuff beyond just figuring out how to reduce production costs, you'd have some interesting crap for consumers to buy. Instead, you're getting out-Dell'ed by overseas cost-reducers.

Seth