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Tech giant Dell posted fiscal third quarter earnings late yesterday.
Dell
(nasdaq:
DELL -
news
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people
) said profits rose to $893 million, or $0.49 per share, from $822 million, or $0.42 per share, in last year's third quarter.
Adjusted earnings of $0.54 per share beat analyst expectations. Revenue was flat, at $15.4 billion, and fell short of analyst estimates. Dell said that given the uncertain macroeconomic environment and complexity in working through the industry-wide hard drive issue caused by disruptions due to the flooding in Thailand, it is now forecasting revenue at the lower end of its outlook for 1% to 5% growth for the fiscal year. Also late yesterday, Apple
(nasdaq:
AAPL -
news
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people
) said its board has named Genentech
(nyse:
DNA -
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people
) chairman Arthur Levinson to serve as the company's non-executive chairman. Levinson has been a member of the board since 2000.
Walt Disney
(nyse:
DIS -
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people
) CEO Robert Iger will also join Apple's board, the company said, and will serve on its audit committee.
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