Dell Announces More Restructuring Expenses

Posted: Jan 29 2009, 8:00am CST | by , Updated: Aug 11 2010, 12:49pm CDT, in News | Notebooks and PCs

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Dell has announced that when it reveals its Q4 fiscal 2009 results among the numbers will be additional charges relating to its restructuring. Dell has maintained that it will chop $3 billion in expenses from its bottom line by 2011.

Dell has recognized that a pretax expense of $135 million will be part of the numbers for the quarter. The expense is to help further optimize Dell's global manufacturing and distribution network and to reduce the size of its workforce.

Dell says that it will also incur a pretax, noncash expense estimated to be $145 million relating to stock-based compensation. The firm says that $106 million of that amount will be for accelerated vesting of previously awarded options.

Via Dell

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