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Dell Q1 prelim earns 34c - MarketWatch
DELL POSTS RISE IN REVENUE, TO CUT 10% OF STAFF; SHARES RALLY AFTER
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Dell said it also plans on cutting 10% of its workforce, or about 8,800 jobs, over the next year in an effort to cut costs. Dell didn't say how much money it intends to save with the job cuts
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Motorola is laying off 4,000.
Pfizer is apparently planning some layoffs in Michigan (2,419 jobs).
And the swinging of the axe continues at IBM where 1,500 more have been cut. Maybe IBM won't lay off the rumored total of 150,000 this year.
" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970
whoz lying
yahoo
Dell to Cut 8,000 As 1Q Earnings Dip
AP - 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.
bloomberg
Dell Profit Tops Estimates; Plans to Cut 10% of Jobs (Update3)
By Connie Guglielmo
May 31 (Bloomberg) -- Dell Inc., the world's second-largest personal-computer maker, reported first-quarter profit and sales that beat analysts' estimates and said it will cut about 8,800 jobs. The shares rose as much as 8.3 percent in late trading.
cnn money
Dell wows Street, slashing 10% of work force
Computer maker's sales and earnings shine; says it will cut staff by 10 percent over the next 12 months.
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Part of Dell's turnaround strategy apparently includes the company's breaking of its decade-long business model of selling directly to customers, avoiding middlemen such as retailers.
In recent days, the company announced that it would be selling exclusive PC models at Wal-Mart
" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970