John Paczkowski

Recent Posts by John Paczkowski

Dude, Nobody's Buying Dell

Wall Street expected lackluster results from Dell, and the Round Rock, Texas-based computer giant delivered them.

After market close Thursday, Dell reported its lowest fourth-quarter profit since 2002. Net income was $351 million, or 18 cents a share, down 48 percent from the $679 million, or 31 cents a share, reported in the same period last year. Worse, sales fell to $13.4 billion–a 16 percent drop from the $16 billion the company reported last year.

Ugly. Like its rivals, Dell (DELL) has been hit hard by the world-wide economic slowdown and declines in consumer spending.

“Customers know they need information technology, and we think we’re best able to help them use IT to improve productivity,” said Michael Dell, chairman and chief executive officer. “But a lot of IT spending is being deferred until there’s better economic visibility.”

Interestingly, Dell said it has increased its cost-reduction goal to $4 billion from $3 billion, but it didn’t say how it plans to hit that number. Could there be further job cuts in the offing?

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of would have done better.

— Gitesh Pandya of comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”