Dell's Latest Write Down
More growing pains at Dell. On July 14, the computer company warned that it expects to report a loss of $1.65 to $1.85 per share for the second quarter, thanks to a planned $75 million to $85 million write-down. Analysts had expected Dell to post a profit of 18 to 81 a share. The company says the charge, which will cover inventory write-downs, the cost of a new information system, and consolidation of European operations, could force it into credit default. One bright spot: Dell's second-quarter sales should come in at $710 million or so, vs. $457 million a year ago.