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Essay heading: Dell Income Drops 48% As It Seeks To Cut Costs
 
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Issue: Business
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Date added: May 2, 2000
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No of pages / words: 3 / 618
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Gladden, the company’s chief financial officer, told Wall Street analysts in a call to discuss the quarterly results. Meanwhile, Dell’s 18-month effort to move away from personal computers and increase sales in potential higher-profit growth areas has stalled with the broader economy. “They are doing what they can, but are basically still treading water,” said Richard Kugele, an analyst with Needham & Company...
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Sales of Dell’s servers, software and services also fell, leaving storage products as the only area of growth. Michael S. Dell, the company’s founder and chief executive, insisted that it had made progress as part of a turnaround effort he started in 2007. “Our strategy is to develop disruptive technology and innovation and shift our business to higher margin products and services,” Mr...
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