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Revenue only fell 2% Y/Y
after dropping 11% in FQ4 - Carl Icahn will notice. But
gross margin -140 bps Y/Y
to 20.6%; Dell was apparently willing to price more aggressively.
Spending picked up
: SG&A 15.7% of revenue vs. 13.9% a year ago, R&D 2.2% vs. 1.7%.
Desktop sales only -2%
, much better than FQ4's -14%. Notebooks -16% vs. -25%. PCs 49% of sales. Servers/networking (19% of sales) still strong, +14% vs. +18%. Storage still weak, -10% vs. -13%.
, up from -3%. 3rd-party software/peripherals -6% vs. -11%. $295M in Dell software sales (lifted by Quest). No guidance.
unchanged. CC at 4:45PM ET (
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Only me hopping on the Icahn bandwagon could make him fail!!!
May 17, 2013. 01:21 AM
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