Dell: 'We'll cut prices and ... er, cut prices'

Following one of its worst quarters in memory, Dell has vowed to enact a process of renewal. The company will overhaul its products and customer support services, while at the same time cutting prices in a bid to attract more business over the long-term.

As promised, Dell delivered first quarter results well below the company’s typical standards. Revenue rose just 6 percent to $14.2bn, while profits fell a dramatic 18 percent to $762m. Dell’s earnings per share figure dipped 11 percent to 33 cents.

Read the full story (The Register)