My spin: If Dell says it’s a tough year ahead then it REALLY is – ’cause they’ve been doing very well so far.
PALO ALTO, Calif., Feb 6 (Reuters) – Dell Computer Corp. (nasdaq: DELL – news – people) Chief Operating Officer Kevin Rollins said on Thursday that corporate spending on technology will be soft this year due to the weak economy and concerns about a potential U.S. war with Iraq.
“What we have felt all along is that much like 2002, 2003 will be a fairly difficult year due to the economy more than anything else,” Rollins told Reuters in an interview.
“The overhang with the potential war makes people skittish and nervous,” Rollins said. (full story)
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