Business Services Industry
Dell Computer Posts $101 Million Loss in Second Quarter.
Knight Ridder/Tribune Business News, August, 2001
By Leah Beth Ward, The Dallas Morning News Knight Ridder/Tribune Business News
Aug. 17--In what's become a precarious dance of making bad news look not-so-bad, No. 1 computer maker Dell Computer Corp. met forecasts Thursday for a second-quarter loss. But company executives said they don't see much relief ahead.
Austin-based Dell posted a loss of $101 million, or 4 cents a share, its first loss since 1993.
Last year, Dell earned $603 million, or 22 cents a share, in the same quarter. Revenue was flat at about $7.7 billion.
Chairman Michael Dell said in a conference call with reporters that it could be the spring of 2002 before the industry turns around.
"We're very well positioned for a bounce back in demand that we think...
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