January 28th, 2009
Dell to record Q4 charge of $280 million
Dell said today that it plans to record charges of about $280 million, or 11 cents per share, for its fourth quarter, $135 million of which stems from a long-term workforce reduction plan. The remainder is related to stock-option expenses.
Dell has been trimming expenses, all part of a larger plan announced last March to cut costs by $3 billion by the end of fiscal 2011.
The company reports its fourth quarter results on Feb. 26.
Sam Diaz is a senior editor at ZDNet. See his full profile and disclosure of his industry affiliations.
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