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Dell plant closure marks the end of an era
Michael Dell is still struggling to reclaim his company's former glory, and the latest cutbacks show he still has a long way to go.
Dell (DELL) said Monday that it will close an Austin, Texas plant that makes desktop PCs. It's just the latest step in a plan management laid out nearly a year ago, in which the company plans to shed 8,300 workers and save $3 billion in costs. The MORE
Jon Fortt - Mar 31, 2008 7:21 PM ET -
Apple iMac: 'New and inferior,' lawsuit says
Two complaints about Apple's popular aluminum iMac line -- the "washed out" look of the 20-inch iMac that surfaced on Apple's discussion boards last summer (see here) and the "millions of colors" issue that was recently settled by the company -- were rolled into one class-action lawsuit filed Monday in U.S. District Court in San Jose.
The plaintiff -- a Texan named Chandra Sanders -- claims to represent tens of thousands MORE
Philip Elmer-DeWitt - Mar 31, 2008 4:21 PM ET -
Analyst: How Apple sells 45 million iPhones in 2009
Piper Jaffray analyst Gene Munster took a lot of heat back in June 2007 when he predicted, three weeks before Apple even began selling the iPhone, that the company would be shipping them at the rate of 45 million a year by 2009.
But Munster is sticking to his guns, and on Monday released a detailed report to clients in which he lays out the steps by which he expects Apple MORE
Philip Elmer-DeWitt - Mar 31, 2008 7:34 AM ET
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.10 | -0.20 | -2.74% |
| General Electric Co | 19.04 | 0.65 | 3.51% |
| JPMorgan Chase and C... | 35.56 | -0.68 | -1.86% |
| Microsoft Corp | 29.85 | -0.36 | -1.19% |
| Micron Technology In... | 6.17 | 0.15 | 2.49% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,633.70 | 1.70 | 0.01% |
| Nasdaq | 2,877.81 | -15.95 | -0.55% |
| S&P 500 | 1,328.25 | -2.41 | -0.18% |
| Treasuries | 1.76 | -0.01 | -0.68% |
