Michael Dell
Michael Dell has returned to the helm of his eponymous company

Dell profit beats expectations

Founder's return bolsters financial performance but US court finds the firm guilty of false advertisng

Written by Computing

In the week it was found guilty of false advertising by a New York court, Dell's first-quarter profit rose $28m (£14m) to $784m on revenue up nine per cent to $16bn (£8bn).

The results beat Wall St expectations but the firm is reported as saying it expects US public sector spending to slow in the coming quarter. The solid financial results are seen as a result of founder Michael Dell's return to the helm.

Early this week Dell was found guilty of abusive debt collection practices, misleading consumers about financing terms for which they had qualified and failing to provide consumers with promised rebates.

Dell now faces the prospect of a huge damages claim, and New York attorney general Andrew Cuomo has asked consumers to register their complaints at a special web site so that damages can be assessed.

"Huge companies such as Dell cannot continue to walk all over their customers and get away with it," said Cuomo.

reader comments

related articles

A PCHardware

PC shipments up 14.1 per cent in Western Europe

Dell, HP and Toshiba are first quarter winners while Acer and Fujitsu Siemens struggle 16 May 2008

 

Bloggers secure victory over Dell packaging

IT giant issues directive demanding suppliers use less packaging after bloggers criticise wasteful shipping practices 12 May 2008

Dell talks up green credentials

Latest play for the green market sees hardware giant making specific comparisons with HP products 15 May 2008

Dell guilty of fraud and false advertising

Disaster for PC industry's number two 29 May 2008

ASA critical of Dell advert

Delivery charge added significantly to price of laptop 02 Jun 2008

Dell defends its corner in New York

Vendor accused in court case of false advertising and deceptive business practices by New York State Supreme Court Judge 28 May 2008

related whitepapers

today's top stories

Middle East seeks progress through IT

There is growing awareness in the region of how technology can benefit society 05 Dec 2008

Scared of working from home?

Has anybody else noticed how full commuter train station car parks are at the moment? Perhaps some employees are trying to get... 05 Dec 2008

CIOs must embrace collaboration tools

Author Don Tapscott gives Angelica Mari his reasons for promoting social networking tools and says transparency is the key to security 04 Dec 2008

On a quest to build a connected society

BT Design’s JP Rangaswami talks to Gareth Morgan about his pivotal role in the telecoms giant’s efforts to deliver universal broadband and his plans to tap into the creativity of the open source community 04 Dec 2008

Should CRM be more sociable?

As vendors rush to add more social networking bells and whistles to their CRM products, some experts warn that users must tread carefully when venturing into online communities 03 Dec 2008

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Advertisement

Jobs

Related jobs

Job of the week

Job alerts

Sign up here

Find your next job

IT Salary Checker

Check salary here

Advertisement

White papers

Search white papers

Top categories

VPN, Extranet and Intranet Solutions

WAN/ LAN Solutions

Network Security

Interoperability-Connectivity

Grid/ Utility Computing

Latest poll

Should the government cut costs by scrapping major IT projects?

Should the government cut costs by scrapping major IT projects?

Tell us what you think

Previous poll results

Latest audio and video articles

Padlocked CDVideo

Technology and privacy

Watch the final video in a two-part Computing roundtable debate on the importance of putting data privacy issues at the heart of your IT plans 02 Dec 2008

Podcast imageAudio

Computing podcast - Standard Life's offshoring plans; and the prospects for government IT

The insurance giant outlines its new outsourcing strategy; and we ask if the government's economic bailout will affect its IT plans 28 Nov 2008

Latest in-depth articles

JP RangaswamiAnalysis

On a quest to build a connected society

BT Design’s JP Rangaswami talks to Gareth Morgan about his pivotal role in the telecoms giant’s efforts to deliver universal broadband and his plans to tap into the creativity of the open source community 04 Dec 2008

Doctors looking at a computerAnalysis

Watchdog wants IT to cure privacy woes

Information Commissioner Richard Thomas is urging organisations to put privacy protection at the top of their procurement and development criteria 04 Dec 2008

Advertisement

Primary Navigation