Sony NEX-3N and Alpha A58 unveiled, heading to Europe this spring
Easy to handle, easy to use: the new NEX-3N by Sony puts pro-quality images in everyone's reach 20 February 2013
Super-compact interchangeable lens APS-C camera weighs just 210g
- No-fuss self-portraits with 180° tiltable LCD screen and zoom lever
- Large Exmor APS HD CMOS sensor with 16.1 effective megapixels and high sensitivity, for detail-packed, low noise photos and Full HD video
- Beautiful compositions made easy with new Auto Object Framing
- Light, compact body with pop-up flash
- Moving up from your fixed lens camera? Travel light with the compact, easy to use NEX-3N E-mount camera with built-in flash - an exciting introduction to the world of interchangeable lens photography by Sony.
- Capture fine detail with new 20.1 effective megapixels Exmor APS HD CMOS sensor
- Grab fast-moving action with speedy 8fps* shooting and new Lock-on Autofocus
- Shoot and view with confidence through new OLED Tru-Finder
- Compose like a pro with new Auto Object Framing
- New-generation 70-400mm F4-5.6 G SSM II telephoto zoom - with 4x faster autofocus and improved optical performance
- Full-frame, wide-aperture, single-focal-length Carl Zeiss Planar T* 50mm F1.4 ZA SSM - high-end image quality with renowned resolving power and contrast
- Light, compact, newly-styled DT 18-55mm F3.5-5.6 SAM II standard 3x zoom lens - designed for APS-C cameras
- HVL-F20M flash - space-saving design with wireless control and bounce flash
- RM-VPR1 wired remote - easily control shutter release, video start/stop and zoom
- Sony extends the range of A-mount interchangeable lenses with three new models to satisfy the most demanding enthusiasts and photo professionals.
- The 70-400mm F4-5.6 G SSM II and Carl Zeiss Planar T* 50mm F1.4 ZA SSM lenses complement the impressive imaging capabilities of Sony's full-frame α99 SLT (Translucent Mirror) camera. The DT 18-55mm F3.5-5.6 SAM II is a light, compact 3x zoom that's an ideal partner for A-mount cameras with APS-C sensors.
LG Display drops injunction request on Galaxy Note 10.1, seeks 'alternative solution' with Samsung
LG Display [NYSE: LPL, KRX: 034220], a leading innovator of display technology, announced today that it has withdrawn its request for a preliminary injunction in connection to Galaxy Note 10.1 against Samsung Electronics and Samsung Display from the Seoul Central District Court of Korea.
LG Display seeks to stop the consuming dispute with Samsung and to continue its promotion of fair competition. Based on the firm belief that a patent should be fairly assessed as a product of innovation, LG Display seeks an alternative solution through an amicable negotiation with Samsung to clarify the respective rights and duties of each party and analyze the proper value of the patents.
###
Mad Catz F.R.E.Q. 7 gaming headset pushes the EQ side, adds virtual 7.1 sound
Mad Catz(R) Announces the F.R.E.Q.7 Surround Sound Gaming Headset for Windows(R) PC and Smart Devices
GameSmart[TM] Headset Features Dolby(R) Headphone 7.1 Surround Sound and Multiple EQ Settings
SAN DIEGO--(BUSINESS WIRE)-- Mad Catz Interactive, Inc. ("Mad Catz") (NYSE MKT: MCZ) announced that the F.R.E.Q.7 Surround Sound Gaming Headset featuring Dolby(R) Headphone Technology is now available for pre-order. Part of the Company's range of GameSmart products, the F.R.E.Q.7is compatible with a wide variety of devices and is expected to ship in the first quarter of fiscal 2014.
Ideal for use with gaming, movies, music and more, the F.R.E.Q.7 features Dolby Headphone Technology and Dolby(R) Pro Logic(R) IIx technology, expanding stereo and 5.1 audio to rich 7.1 surround sound, perfect for empowering gamers with a competitive edge. In addition, PC gamers can instantly toggle between surround sound and stereo to ensure they have the right audio for their game or music.
Darren Richardson, President and Chief Executive Officer of Mad Catz Interactive, Inc. stated, "Part of our GameSmart initiative, we believe the F.R.E.Q.7 offers uncompromising levels of performance and versatility which will resonate with the passionate gamer."
The F.R.E.Q.7 features software driven EQ, providing multiple settings for gaming, voice and music as well as the ability to separately adjust chat and game volume levels. The detachable in-line cable allows for easy conversion from USB to 3.5mm to support stereo audio on iPhone(R), tablets and most Smart Devices.
Novo is a modified GoPro Hero3 that accepts C-Mount lenses, won't be available for sale
Sony Xperia Z rooted before it reaches most buyers
Engadget HD Podcast 337 - 02.19.2013
NTT's Visual SyncAR brings augmented reality to video, spices up the second screen (video)
TweetDeck for the web and Chrome updated with column filters, gives users the right to censor
The Daily Roundup for 02.19.2013
HTC One unveiled
HTC One: 4.7-inch 1080p display, 1.7GHz quad-core Snapdragon 600, UltraPixel camera, Android 4.1.2 with Sense 5.
HTC One hands-on: design and hardware
The HTC One made quite an entrance in London and New York today with a slick-looking design and re-imagined Android user experience.
Ubuntu for tablets revealed with split screen multi-tasking
Here it is: the fourth and final piece of the Ubuntu puzzle. We've seen the OS on smartphones, on TVs and of course on desktops, but the tablet version has spent a little longer in its dressing room.
Rumors claim Google will launch its own retail stores
On Friday, a report surfaced on 9to5Google that Google was making serious plans to open permanent retail locations, and it's been followed up today by the Wall Street Journal indicating the same thing.You also might like:
- Outlook.com exits preview with 60 million active users, Hotmail UI to be retired this summer
- Reuters: Apple employee computers hacked, no evidence of stolen data
- NVIDIA intros Tegra 4i with built-in LTE, details Chimera camera tech with HDR
- NVIDIA unveils the GTX Titan, an enormous graphics card that costs $1,000 (eyes-on)
We're liveblogging Sony's big PlayStation event tomorrow at 6pm ET!
The day is nearly upon us, folks -- February 20th is looking like the day we'll hear about Sony PlayStation's latest version of Home. Finally! Joking aside, yes, tomorrow evening is very likely when we'll first hear official details on Sony's next PlayStation game console (currently codenamed "Orbis"). Will we see the new version of the DualShock controller? Perhaps the rumored Gaikai game streaming of PlayStation 3 games? Or how about a confirmation of those rumored specs? Only Kaz Hirai knows! (Okay, it's likely that some other folks know as well, but Hirai definitely knows.)
We'll of course be liveblogging the goings on should you wish to play along at home -- you can find that right here. And hey, given that these things happen once per decade or so, you should probably play along.
February 20, 2013 6:00 PM EST
Filed under: Gaming, HD, Sony
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HTC One event roundup
- HTC One hands-on: design and hardware
- HTC One software hands-on: Sense 5, BlinkFeed, Sense TV and new Sync Manager
- HTC One imaging in depth: UltraPixel camera and Zoe Share
- HTC's Peter Chou: 'We're confident consumers will appreciate our innovations' (video)
- HTC One early hands-on!
- Live from HTC's 2013 launch event!
- HTC One unveiled: 4.7-inch 1080p display, 1.7GHz quad-core Snapdragon 600, UltraPixel camera, Android 4.1.2 with Sense 5
- Visualized: HTC folding and 'double-dip' colored cases for the One
- HTC One vs One X, One X+: what's changed?
- HTC One coming to Sprint, T-Mobile, AT&T in the US, arriving in UK on EE, Vodafone and O2
- Verizon won't carry the HTC One, Droid DNA will have to do for now
AT&T gives travelers 1GB of not-quite-free WiFi in the UK through The Cloud
Dell reports Q4 2013 earnings: $14.3 billion in revenue as profits plummet 31 percent year-over-year
Dell Reports Fourth Quarter, Full Fiscal Year Financial Results
Revenue of $14.3 billion in fourth quarter, $56.9 billion for the year
ROUND ROCK, Texas, Feb 19, 2013 (BUSINESS WIRE) -- --GAAP earnings of $0.30 per share in quarter, $1.35 per share for full year; non-GAAP earnings of $0.40 per share in quarter and $1.72 per share for full year
--Cash flow from operations of $1.4 billion; $3.3 billion for fiscal year
Dell announced fiscal 2013 fourth quarter and full-year results today, with revenue of $14.3 billion for the quarter and $56.9 billion for the year. Revenue from enterprise solutions and services grew 6 percent in the quarter to $5.2 billion and was $19.4 billion, or 34 percent of Dell revenue for the fiscal year, a 4 percent gain over fiscal year 2012.
"We continued to execute our long-term strategy in Q4, and realized a 6 percent increase in our enterprise solutions and services business," said Brian Gladden, Dell CFO. "We also continued to generate strong cash flow from operations of $1.4 billion in the quarter. Our strong balance sheet and cash position enabled the company to invest almost $5 billion in new capabilities and intellectual property this fiscal year, including great assets like Quest, SonicWall, Wyse and AppAssure."
Results
-- Revenue in the quarter was $14.3 billion, an 11 percent decrease from the previous year, and a 4 percent increase sequentially. Revenue for the 2013 fiscal year was $56.9 billion, an 8 percent decrease. Dell's fiscal year 2012 had an extra week, which was incorporated into the company's Q4 results.
-- GAAP operating income for the quarter was $698 million, or 4.9 percent of revenue. Non-GAAP operating income was $954 million, or 6.7 percent of revenue. Gross margins for the quarter benefitted by approximately $250 million, primarily resulting from vendor settlements. For the fiscal year, GAAP operating income was $3 billion and non-GAAP operating income was $4 billion.
-- GAAP earnings per share in the quarter was 30 cents, down 30 percent from the previous year; non-GAAP EPS was 40 cents, down 22 percent. For the fiscal year, GAAP EPS was $1.35, down 28 percent year over year and non-GAAP EPS was $1.72, down 19 percent.
-- Cash flow from operations in the quarter was $1.4 billion, and Dell ended Q4 with $15.3 billion in cash and investments. Full-year cash flow from operations was $3.3 billion.
Fiscal-Year 2013 Fourth Quarter and Full Year Highlights
Fourth Quarter Fiscal Year
(in millions) FY13 FY12 Change FY13 FY12 Change
-------- -------- ------ -------- -------- ------
Revenue $ 14,314 $ 16,031 (11 %) $ 56,940 $ 62,071 (8 %)
Operating Income (GAAP) $ 698 $ 931 (25 %) $ 3,012 $ 4,431 (32 %)
Net Income (GAAP) $ 530 $ 764 (31 %) $ 2,372 $ 3,492 (32 %)
EPS (GAAP) $ 0.30 $ 0.43 (30 %) $ 1.35 $ 1.88 (28 %)
Operating Income (non-GAAP) $ 954 $ 1,143 (17 %) $ 3,973 $ 5,135 (23 %)
Net Income (non-GAAP) $ 702 $ 913 (23 %) $ 3,017 $ 3,952 (24 %)
EPS (non-GAAP) $ 0.40 $ 0.51 (22 %) $ 1.72 $ 2.13 (19 %)
Information about Dell's use of non-GAAP financial information is provided under "Non-GAAP Financial Measures" below. Non-GAAP financial information excludes costs related primarily to the amortization of purchased intangibles, severance and facility-action costs, certain settlement costs and acquisition-related charges. All comparisons in this press release are year over year unless otherwise noted.
Products and Solutions:
-- Dell server revenue increased 5 percent driven by strong growth in the company's hyper-scale data center solutions business and migration to the company's 12th-generation servers. The 12G-server line now represents almost 80 percent of Dell PowerEdge server revenue at average selling prices and margins that are a premium over previous-generation servers.
-- Dell networking continued to deliver strong growth, with a 42 percent revenue increase, including more than 100 percent growth in the company's Force10 business.
-- Dell Quest software delivered revenue over the company's stated target of $180-$200 million for the quarter. The company's security software business also grew sequentially.
-- Dell desktop and mobility business revenue declined 20 percent and was up 3 percent sequentially.
Business Units and Regions:
-- Large Enterprise had revenue of $4.7 billion in the quarter, a 7 percent decrease. Operating income for the quarter was $393 million, a 16 percent decrease. Server and networking revenue increased 25 percent and ES&S business grew 10 percent. Revenue for the full year was $17.8 billion, down 5 percent from the previous year.
-- Public revenue was $3.5 billion, a 9 percent decrease. Operating income for the quarter was $236 million, a 25 percent decrease. Servers and networking revenue grew 11 percent. Revenue for the full year was $14.8 billion, down 8 percent from the previous year.
-- Small and Medium Business revenue was $3.4 billion, a 5 percent decrease. Operating income for the quarter was $385 million, a 4 percent decrease. SMB enterprise solutions and services sales increased 9 percent for the quarter, driven by servers and networking growth of 13 percent and services revenue growth of 17 percent. Revenue for the full year was $13.4 billion, down 1 percent from the previous year.
-- Consumer revenue was $2.8 billion, a 24 percent decline for the quarter. Operating income was $8 million, an 87 percent decrease. Revenue for the full year was $10.9 billion, down 20 percent from the previous year.
-- EMEA revenue decreased 14 percent in the quarter, Americas was down 10 percent, and Asia-Pacific and Japan declined 9 percent.
Company Outlook:
Given the company's announcement Feb. 5 of a definitive merger agreement to take Dell private, the company is not providing an outlook for its fiscal 2014 or Q1.
About Dell
Dell Inc. DELL +0.33% listens to customers and delivers worldwide innovative technology, business solutions and services they trust and value. For more information, visit www.dell.com. The fourth-quarter analyst call with Brian Gladden, CFO, and Tom Sweet, Corporate Controller, will be webcast live today at 4 p.m. CST and archived at www.dell.com/investor. To monitor highlighted facts from the analyst call, follow on the Dell Investor Relations Twitter account at: http://twitter.com/dellshares or hashtag #DellEarnings. To communicate directly with Dell, go to www.dell.com/dellshares.
Segment Realignment:
In the first quarter of Fiscal 2013, Dell made certain segment realignments in order to conform to the way Dell internally manages segment performance. These realignments affected all of Dell's operating segments, but primarily consisted of the transfer of small office business customers from the Small and Medium Business segment to the Consumer Segment. Dell has recast prior period amounts to provide visibility and comparability. None of these changes impacts Dell's previously reported consolidated net revenue, gross margin, operating income, net income, or earnings per share.
Non-GAAP Financial Measures:
This press release includes information about non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per share (collectively with non-GAAP gross margin and non-GAAP operating expenses, the "non-GAAP financial measures"), which are not measurements of financial performance prepared in accordance with U.S. generally accepted accounting principles. In the following tables, Dell has provided a reconciliation of each historical non-GAAP financial measure to the most directly comparable GAAP financial measure under the heading "Reconciliation of Non-GAAP Financial Measures." Dell encourages investors to review the reconciliation in conjunction with Dell's presentation of these non-GAAP financial measures.
Special Note on Forward Looking Statements:
Statements in this press release that relate to future results and events (including statements about trends relating to macroeconomic challenges, effects of our server business, and government demand) are forward-looking statements and are based on Dell's current expectations. In some cases, you can identify these statements by such forward-looking words as "anticipate," "believe," "could," "estimate," "expect," "intend," "confidence," "may," "plan," "potential," "should," "will" and "would," or similar expressions. Actual results and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of a number of risks, uncertainties and other factors, including: intense competition; Dell's reliance on third-party suppliers for product components, including reliance on several single-sourced or limited-sourced suppliers; Dell's ability to achieve favorable pricing from its vendors; weak global economic conditions and instability in financial markets; Dell's ability to manage effectively the change involved in implementing strategic initiatives; successful implementation of Dell's acquisition strategy; Dell's cost-efficiency measures; Dell's ability to effectively manage periodic product and services transitions; Dell's ability to deliver consistent quality products and services; Dell's ability to generate substantial non-U.S. net revenue; Dell's product, customer, and geographic sales mix, and seasonal sales trends; the performance of Dell's sales channel partners; access to the capital markets by Dell or its customers; weak economic conditions and additional regulation affecting our financial services activities; counterparty default; customer terminations of or pricing changes in services contracts, or Dell's failure to perform as it anticipates at the time it enters into services contracts; loss of government contracts; Dell's ability to obtain licenses to intellectual property developed by others on commercially reasonable and competitive terms; infrastructure disruptions; cyber-attacks or other data security breaches; Dell's ability to hedge effectively its exposure to fluctuations in foreign currency exchange rates and interest rates; expiration of tax holidays or favorable tax rate structures, or unfavorable outcomes in tax audits and other compliance matters; impairment of portfolio investments; unfavorable results of legal proceedings; Dell's ability to attract, retain, and motivate key personnel; Dell's ability to maintain strong internal controls; changing environmental and safety laws; the effect of armed hostilities, terrorism, natural disasters, and public health issues; and other risks and uncertainties discussed in Dell's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for its fiscal year ended February 3, 2012. Factors or risks that could cause our actual results to differ materially from the results we anticipate also include: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (2) the inability to complete the proposed merger due to the failure to obtain stockholder approval for the proposed merger or the failure to satisfy other conditions to completion of the proposed merger, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; (3) the failure to obtain the necessary financing arrangements set forth in the debt and equity commitment letters delivered pursuant to the merger agreement; (4) risks related to disruption of management's attention from the Company's ongoing business operations due to the transaction; and (5) the effect of the announcement of the proposed merger on the Company's relationships with its customers, operating results and business generally. Dell assumes no obligation to update its forward-looking statements.
Additional Information and Where to Find It
In connection with the proposed merger transaction, the Company will file with the SEC and furnish to the Company's stockholders a proxy statement and other relevant documents. These materials do not constitute a solicitation of any vote or approval. Stockholders are urged to read the proxy statement when it becomes available and any other documents to be filed with the SEC in connection with the proposed merger or incorporated by reference in the proxy statement because they will contain important information about the proposed merger.
Investors will be able to obtain a free copy of documents filed with the SEC at the SEC's website at http://www.sec.gov. In addition, investors may obtain a free copy of the Company's filings with the SEC from the Company's website at http://content.dell.com/us/en/corp/investor-financial-reporting.aspx or by directing a request to: Dell Inc. One Dell Way, Round Rock, Texas 78682, Attn: Investor Relations, (512) 728-7800, investor_relations@dell.com.
The directors, executive officers and certain other members of management and employees of the Company may be deemed "participants" in the solicitation of proxies from stockholders of the Company in favor of the proposed merger. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the stockholders of the Company in connection with the proposed merger will be set forth in the proxy statement and the other relevant documents to be filed with the SEC. You can find information about the Company's executive officers and directors in its Annual Report on Form 10-K for the fiscal year ended February 3, 2012 and in its definitive proxy statement filed with the SEC on Schedule 14A on May 24, 2012.
Consolidated statements of income, financial position and cash flows and other financial data follow.
Dell is a trademark of Dell Inc. Dell disclaims any proprietary interest in the marks and names of others.
DELL INC. Condensed Consolidated Statement of Income and Related Financial Highlights (in millions, except per share data and percentages; percentage growth rates and ratios are calculated based on underlying data in thousands) (unaudited)
Three Months Ended % Growth Rates
------------------------------------------------------- -------------------------------------------
February 1, November 2, February 3, Sequential Yr. to Yr.
2013(1) 2012 (1) 2012
------------ ------------ -------------------- ------------------- -------------------
Net revenue
Products $ 11,212 $ 10,706 $ 12,925 5 % (13)%
Services, including software related 3,102 3,015 3,106 3 % -- %
------ ------ --------------
Total net revenue 14,314 13,721 16,031 4 % (11)%
------ ------ --------------
Cost of net revenue
Products 9,169 8,904 10,521 3 % (13)%
Services, including software related 2,036 1,945 2,125 5 % (4)%
------ ------ --------------
Total cost of net revenue 11,205 10,849 12,646 3 % (11)%
------ ------ --------------
Gross margin 3,109 2,872 3,385 8 % (8)%
Operating expenses
Selling, general, and administrative 2,104 2,013 2,218 5 % (5)%
Research, development, and engineering 307 270 236 14 % 30 %
------ ------ --------------
Total operating expenses 2,411 2,283 2,454 6 % (2)%
------ ------ --------------
Operating income 698 589 931 19 % (25)%
Interest and other, net (38) (38) (24) (2)% (59)%
------ --- ------ --- -------------- ---
Income before income taxes 660 551 907 20 % (27)%
Income tax provision 130 76 143 70 % (9)%
------ ------ --------------
Net income $ 530 $ 475 $ 764 12 % (31)%
=== ====== === ====== === ==============
Earnings per share:
Basic $ 0.30 $ 0.27 $ 0.43 11 % (30)%
=== ====== === ====== === ==============
Diluted $ 0.30 $ 0.27 $ 0.43 11 % (30)%
=== ====== === ====== === ==============
Cash dividends declared per common share $ 0.08 $ 0.08 $ --
Weighted average shares outstanding:
Basic 1,738 1,735 1,778 -- % (2)%
Diluted 1,748 1,742 1,796 -- % (3)%
Percentage of Total Net Revenue:
---------------------------------------------------------------
Gross margin 21.7 % 20.9 % 21.1 %
Selling, general, and administrative 14.7 % 14.7 % 13.8 %
Research, development, and engineering 2.1 % 1.9 % 1.5 %
Operating expenses 16.8 % 16.6 % 15.3 %
Operating income 4.9 % 4.3 % 5.8 %
Income before income taxes 4.6 % 4.0 % 5.7 %
Net income 3.7 % 3.5 % 4.8 %
Income tax rate 19.7 % 13.8 % 15.8 %
Net Revenue by Product Category:
---------------------------------------------------------------
Servers and Networking (1) $ 2,623 $ 2,322 $ 2,220 13 % 18 %
Storage 434 386 500 12 % (13)%
Services 2,112 2,107 2,179 -- % (3)%
Third-party software and peripherals 2,275 2,258 2,558 1 % (11)%
Mobility 3,674 3,523 4,877 4 % (25)%
Desktop PCs 3,196 3,125 3,697 2 % (14)%
------ ------ --------------
Consolidated net revenue $ 14,314 $ 13,721 $ 16,031 4 % (11)%
=== ====== === ====== === ==============
Percent of Total Net Revenue:
---------------------------------------------------------------
Servers and Networking (1) 18 % 17 % 14 %
Storage 3 % 3 % 3 %
Services 15 % 15 % 14 %
Third-party software and peripherals 16 % 16 % 16 %
Mobility 26 % 26 % 30 %
Desktop PCs 22 % 23 % 23 %
Net Revenue by Global Segment:
(2)
---------------------------------------------------------------
Large Enterprise $ 4,653 $ 4,156 $ 4,982 12 % (7)%
Public 3,473 3,824 3,833 (9)% (9)%
Small and Medium Business 3,396 3,282 3,560 3 % (5)%
Consumer 2,792 2,459 3,656 14 % (24)%
------ ------ --------------
Consolidated net revenue $ 14,314 $ 13,721 $ 16,031 4 % (11)%
=== ====== === ====== === ==============
Percentage of Total Net Revenue:
(2)
---------------------------------------------------------------
Large Enterprise 33 % 30 % 31 %
Public 24 % 28 % 24 %
Small and Medium Business 24 % 24 % 22 %
Consumer 19 % 18 % 23 %
Consolidated Operating Income:
(2)
---------------------------------------------------------------
Large Enterprise $ 393 $ 325 $ 467
Public 236 352 312
Small and Medium Business 385 349 399
Consumer 8 (65) 61
------ ------ --- --------------
Segment operating income 1,022 961 1,239
Broad based long-term incentives (68) (75) (96)
Amortization of intangible assets (188) (165) (104)
Severance and facility actions and acquisition-related costs (68) (132) (108)
------ --- ------ --- -------------- ---
Consolidated operating income $ 698 $ 589 $ 931
=== ====== === ====== === ==============
(1) Includes the results of Dell's Fiscal 2013 acquisitions from their respective acquisition dates. Servers and Networking includes our Fiscal 2013 Software acquisitions (Quest Software, SonicWALL, and AppAssure).
(2) Segment Results for Fiscal 2012 have been recast to conform to segment realignments that were completed during the first quarter of Fiscal 2013. See Supplemental Segment Information at the end of these financial tables for more information.
DELL INC. Condensed Consolidated Statement of Income and Related Financial Highlights (continued) (in millions, except per share data and percentages; percentage growth rates and ratios are calculated based on underlying data in thousands) (unaudited)
Fiscal Year Ended % Growth Rates
--------------------------------------- -----------------------
February 1, February 3, Yr. to Yr.
2013 (1) 2012
------------ -------------------- ---------------------
Net revenue
Products $ 44,744 $ 49,906 (10)%
Services, including software related 12,196 12,165 -- %
------ --------------
Total net revenue 56,940 62,071 (8)%
------ --------------
Cost of net revenue
Products 36,683 39,689 (8)%
Services, including software related 8,071 8,571 (6)%
------ --------------
Total cost of net revenue 44,754 48,260 (7)%
------ --------------
Gross margin 12,186 13,811 (12)%
Operating expenses
Selling, general, and administrative 8,102 8,524 (5)%
Research, development, and engineering 1,072 856 25 %
------ --------------
Total operating expenses 9,174 9,380 (2)%
------ --------------
Operating income 3,012 4,431 (32)%
Interest and other, net (171) (191) 10 %
------ --- -------------- ---
Income before income taxes 2,841 4,240 (33)%
Income tax provision 469 748 (37)%
------ --------------
Net income $ 2,372 $ 3,492 (32)%
=== ====== === ==============
Earnings per share:
Basic $ 1.36 $ 1.90 (28)%
=== ====== === ==============
Diluted $ 1.35 $ 1.88 (28)%
=== ====== === ==============
Cash dividends declared per common share $ 0.16 $ --
Weighted average shares outstanding:
Basic 1,745 1,838 (5)%
Diluted 1,755 1,853 (5)%
Percentage of Total Net Revenue:
---------------------------------------------------------------
Gross margin 21.4 % 22.3 %
Selling, general, and administrative 14.2 % 13.7 %
Research, development, and engineering 1.9 % 1.5 %
Operating expenses 16.1 % 15.2 %
Operating income 5.3 % 7.1 %
Income before income taxes 5.0 % 6.8 %
Net income 4.2 % 5.6 %
Income tax rate 16.5 % 17.6 %
Net Revenue by Product Category:
---------------------------------------------------------------
Servers and Networking (1) $ 9,294 $ 8,336 11 %
Storage 1,699 1,943 (13)%
Services 8,396 8,322 1 %
Third-party software and peripherals 9,257 10,222 (9)%
Mobility 15,303 19,104 (20)%
Desktop PCs 12,991 14,144 (8)%
------ --------------
Consolidated net revenue $ 56,940 $ 62,071 (8)%
=== ====== === ==============
Percent of Total Net Revenue:
---------------------------------------------------------------
Servers and Networking (1) 16 % 13 %
Storage 3 % 3 %
Services 15 % 13 %
Third-party software and peripherals 16 % 17 %
Mobility 27 % 31 %
Desktop PCs 23 % 23 %
Net Revenue by Global Segment:
(2)
---------------------------------------------------------------
Large Enterprise $ 17,781 $ 18,786 (5)%
Public 14,828 16,070 (8)%
Small and Medium Business 13,413 13,547 (1)%
Consumer 10,918 13,668 (20)%
------ --------------
Consolidated net revenue $ 56,940 $ 62,071 (8)%
=== ====== === ==============
Percentage of Total Net Revenue:
(2)
---------------------------------------------------------------
Large Enterprise 31 % 30 %
Public 26 % 26 %
Small and Medium Business 24 % 22 %
Consumer 19 % 22 %
Consolidated Operating Income:
(2)
---------------------------------------------------------------
Large Enterprise $ 1,553 $ 1,889
Public 1,238 1,584
Small and Medium Business 1,505 1,581
Consumer (11) 433
------ --- --------------
Segment operating income 4,285 5,487
Broad based long-term incentives (312) (352)
Amortization of intangible assets (613) (391)
Severance and facility actions and acquisition-related costs (348) (313)
------ --- -------------- ---
Consolidated operating income $ 3,012 $ 4,431
=== ====== === ==============
(1) Includes the results of Dell's Fiscal 2013 acquisitions from their respective acquisition dates. Servers and Networking includes our Fiscal 2013 Software acquisitions (Quest Software, SonicWALL, and AppAssure).
(2) Segment Results for Fiscal 2012 have been recast to conform to segment realignments that were completed during the first quarter of Fiscal 2013. See Supplemental Segment Information at the end of these financial tables for more information.
DELL INC. Condensed Consolidated Statement of Financial Position and Related Financial Highlights (in millions, except for ratios; ratios are calculated based on underlying data in thousands) (unaudited)
February 1, 2013 November 2, 2012 (1) February 3, 2012 (1)
----------------- --------------------- ------------------------
Assets:
----------------------------------------
Current assets:
Cash and cash equivalents $ 12,569 $ 10,991 $ 13,852
Short-term investments 208 281 966
Accounts receivable, net 6,629 6,187 6,476
Short-term financing receivables, net 3,213 3,151 3,327
Inventories, net 1,382 1,364 1,404
Other current assets 3,967 3,688 3,423
------ ------ --------------
Total current assets 27,968 25,662 29,448
Property, plant, and equipment, net 2,126 2,156 2,124
Long-term investments 2,565 2,908 3,404
Long-term financing receivables, net 1,349 1,354 1,372
Goodwill 9,304 9,191 5,838
Purchased intangible assets, net 3,374 3,511 1,857
Other non-current assets 854 664 490
------ ------ --------------
Total assets $ 47,540 $ 45,446 $ 44,533
===== ====== ====== ====== ====== ==============
Liabilities and Stockholders' Equity:
----------------------------------------
Current liabilities:
Short-term debt $ 3,843 $ 3,724 $ 2,867
Accounts payable 11,579 10,556 11,656
Accrued and other 3,644 3,324 3,740
Short-term deferred revenue 4,373 4,207 3,738
------ ------ --------------
Total current liabilities 23,439 21,811 22,001
Long-term debt 5,242 5,310 6,387
Long-term deferred revenue 3,971 3,963 3,855
Other non-current liabilities 4,187 4,164 3,373
------ ------ --------------
Total liabilities 36,839 35,248 35,616
------ ------ --------------
Total Dell stockholders' equity 10,680 10,177 8,917
Noncontrolling interest 21 21 --
------ ------ --------------
Total stockholders' equity 10,701 10,198 8,917
------ ------ --------------
Total liabilities and equity $ 47,540 $ 45,446 $ 44,533
===== ====== ====== ====== ====== ==============
Ratios:
----------------------------------------
Days of sales outstanding (2) 46 45 42
Days supply in inventory 11 11 11
Days in accounts payable (93) (88) (89)
------ --- ------ ------ -------------- -
Cash conversion cycle (36) (32) (36)
------ --- ------ ------ -------------- -
Average total revenue/unit (approximate) 1,390 $ 1,410 $ 1,330
(1) Certain prior year amounts have been reclassified from accrued and other liabilities and other non-current liabilities on the Condensed Consolidated Statements of Financial Position to short-term deferred revenue and long-term deferred revenue, respectively, to conform to the current year presentation.
(2) Days of sales outstanding ("DSO") is based on the ending net trade receivables and most recent quarterly revenue for each period. DSO includes the effect of product costs related to customer shipments not yet recognized as revenue that are classified as other current assets. At February 1, 2013, November 2, 2012, and February 3, 2012, DSO and days of customer shipments not yet recognized were 42 and 4 days, 41 and 4 days, and 39 and 3 days, respectively.
DELL INC.
Condensed Consolidated Statements of Cash Flows
(in millions, unaudited)
Three Months Ended Fiscal Year Ended
----------------------------------------------- ---------------------------------------
February 1, February 3, February 1, February 3,
2013 2012 (1) 2013 2012 (1)
-------------------- -------------------- ------------ --------------------
Cash flows from operating activities:
Net income $ 530 $ 764 $ 2,372 $ 3,492
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization 321 249 1,144 936
Stock-based compensation 71 101 347 362
Effects of exchange rate changes on monetary assets and liabilities 3 14 18 (5)
denominated in foreign currencies
Deferred income taxes (321) 110 (428) 19
Provision for doubtful accounts -- including financing receivables 73 67 258 234
Other (3) (25) 19 21
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable (444) 137 (150) (53)
Financing receivables (142) (210) (193) (372)
Inventories (19) (6) 48 (52)
Other assets -- (251) (334) (28)
Accounts payable 1,030 558 (74) 327
Deferred revenue 192 190 382 701
Accrued and other liabilities 150 139 (126) (55)
-------------- -------------- ------ --- -------------- ---
Change in cash from operating activities 1,441 1,837 3,283 5,527
-------------- -------------- ------ --------------
Cash flows from investing activities:
Investments:
Purchases (784) (2,237) (2,615) (4,656)
Maturities and sales 1,198 579 4,354 1,435
Capital expenditures (130) (165) (513) (675)
Proceeds from sale of facilities, land, and other assets 54 2 135 14
Collections on purchased financing receivables 31 74 167 278
Acquisition of business, net of cash received (136) 2 (4,844) (2,562)
-------------- --- -------------- ------ --- -------------- ---
Change in cash from investing activities 233 (1,745) (3,316) (6,166)
-------------- -------------- --- ------ --- -------------- ---
Cash flows from financing activities:
Repurchase of common stock -- (537) (724) (2,717)
Cash dividends paid (139) -- (278) --
Issuance of common stock under employee plans 3 6 52 40
Issuance (repayment) of commercial paper (maturity 90 days or less), (39) 635 (331) 635
net
Proceeds from debt 521 733 3,311 4,050
Repayments of debt (426) (380) (3,248) (1,435)
Other -- 1 8 4
-------------- -------------- ------ --------------
Change in cash from financing activities (80) 458 (1,210) 577
-------------- --- -------------- ------ --- --------------
Effect of exchange rate changes on cash and cash equivalents (16) 9 (40) 1
-------------- --- -------------- ------ --- --------------
Change in cash and cash equivalents 1,578 559 (1,283) (61)
Cash and cash equivalents at beginning of the period 10,991 13,293 13,852 13,913
-------------- -------------- ------ --------------
Cash and cash equivalents at end of the period $ 12,569 $ 13,852 $ 12,569 $ 13,852
=== ============== === ============== === ====== === ==============
(1) Certain prior year amounts have been reclassified from accrued and other liabilities and other non-current liabilities on the Condensed Consolidated Statements of Financial Position to short-term deferred revenue and long-term deferred revenue, respectively, to conform to the current year presentation. Prior period amounts on the Condensed Consolidated Statements of Cash Flows have been reclassified to conform to the current period presentation.
SUPPLEMENTAL NON-GAAP FINANCIAL MEASURES
The following tables include information about non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per share (collectively, the "non-GAAP financial measures"), which are not measurements of financial performance prepared in accordance with U.S. generally accepted accounting principles. Dell has provided a reconciliation of the historical non-GAAP financial measures to the most directly comparable GAAP measures in the below tables. A detailed discussion of Dell's reasons for including the non-GAAP financial measures and the limitations associated with those measures is presented in "Management's Discussion and Analysis of Financial Condition and Results of Operations - Results of Operations - Non-GAAP Financial Measures" in Dell's annual report on Form 10-K for the financial year ended February 3, 2012. Dell encourages investors to review the historical reconciliation and the non-GAAP discussion in conjunction with the presentation of non-GAAP financial measures.
DELL INC. Reconciliation of Non-GAAP Financial Measures (in millions, except per share data and percentages; percentage growth rates and ratios are calculated based on underlying data in thousands) (unaudited)
Three Months Ended % Growth Rates
-------------------------------------------- ------------------------
February 1, November 2, February 3, Sequential Yr. to Yr.
2013 (1) 2012 (1) 2012
----------- ----------- ----------- --------- ----------
GAAP gross margin $ 3,109 $ 2,872 $ 3,385 8 % (8)%
Non-GAAP adjustments:
Amortization of intangibles 138 120 83
Severance and facility actions and acquisition-related costs 11 21 15
----- ----- -----
Non-GAAP gross margin $ 3,258 $ 3,013 $ 3,483 8 % (6)%
=== ===== === ===== === =====
GAAP operating expenses $ 2,411 $ 2,283 $ 2,454 6 % (2)%
Non-GAAP adjustments:
Amortization of intangibles (50) (45) (21)
Severance and facility actions and acquisition-related costs (57) (111) (93)
----- --- ----- --- ----- ---
Non-GAAP operating expenses $ 2,304 $ 2,127 $ 2,340 8 % (2)%
=== ===== === ===== === =====
GAAP operating income $ 698 $ 589 $ 931 19 % (25)%
Non-GAAP adjustments:
Amortization of intangibles 188 165 104
Severance and facility actions and acquisition-related costs 68 132 108
----- ----- -----
Non-GAAP operating income $ 954 $ 886 $ 1,143 8 % (17)%
=== ===== === ===== === =====
GAAP net income $ 530 $ 475 $ 764 12 % (31)%
Non-GAAP adjustments:
Amortization of intangibles 188 165 104
Severance and facility actions and acquisition-related costs 68 132 108
Aggregate adjustment for income taxes (84) (93) (63)
----- --- ----- --- ----- ---
Non-GAAP net income $ 702 $ 679 $ 913 3 % (23)%
=== ===== === ===== === =====
GAAP earnings per share - diluted $ 0.30 $ 0.27 $ 0.43 11 % (30)%
Non-GAAP adjustments per share - diluted 0.10 0.12 0.08
----- ----- -----
Non-GAAP earnings per share - diluted $ 0.40 $ 0.39 $ 0.51 3 % (22)%
=== ===== === ===== === =====
Diluted WAS 1,748 1,742 1,796
Percentage of Total Net Revenue:
---------------------------------------------------------------
GAAP gross margin 21.7 % 20.9 % 21.1 %
Non-GAAP adjustment 1.1 % 1.1 % 0.6 %
----- --- ----- --- ----- ---
Non-GAAP gross margin 22.8 % 22.0 % 21.7 %
===== === ===== === ===== ===
GAAP operating expenses 16.8 % 16.6 % 15.3 %
Non-GAAP adjustment (0.7)% (1.1)% (0.7)%
----- --- ----- --- ----- ---
Non-GAAP operating expenses 16.1 % 15.5 % 14.6 %
===== === ===== === ===== ===
GAAP operating income 4.9 % 4.3 % 5.8 %
Non-GAAP adjustment 1.8 % 2.2 % 1.3 %
----- --- ----- --- ----- ---
Non-GAAP operating income 6.7 % 6.5 % 7.1 %
===== === ===== === ===== ===
GAAP net income 3.7 % 3.5 % 4.8 %
Non-GAAP adjustment 1.2 % 1.4 % 0.9 %
----- --- ----- --- ----- ---
Non-GAAP net income 4.9 % 4.9 % 5.7 %
===== === ===== === ===== ===
(1) Includes the results of Dell's Fiscal 2013 acquisitions from their respective acquisition dates.
DELL INC. Reconciliation of Non-GAAP Financial Measures (in millions, except per share data and percentages; percentage growth rates and ratios are calculated based on underlying data in thousands) (unaudited)
Fiscal Year Ended % Growth Rates
------------------------------- ----------------
February 1, February 3, Yr. to Yr.
2013 (1) 2012
------------ ------------ --------------
GAAP gross margin $ 12,186 $ 13,811 (12)%
Non-GAAP adjustments:
Amortization of intangibles 455 305
Severance and facility actions and acquisition-related costs 67 49
------ ------
Non-GAAP gross margin $ 12,708 $ 14,165 (10)%
=== ====== === ======
GAAP operating expenses $ 9,174 $ 9,380 (2)%
Non-GAAP adjustments:
Amortization of intangibles (158) (86)
Severance and facility actions and acquisition-related costs (281) (264)
------ --- ------ ---
Non-GAAP operating expenses $ 8,735 $ 9,030 (3)%
=== ====== === ======
GAAP operating income $ 3,012 $ 4,431 (32)%
Non-GAAP adjustments:
Amortization of intangibles 613 391
Severance and facility actions and acquisition-related costs 348 313
------ ------
Non-GAAP operating income $ 3,973 $ 5,135 (23)%
=== ====== === ======
GAAP net income $ 2,372 $ 3,492 (32)%
Non-GAAP adjustments:
Amortization of intangibles 613 391
Severance and facility actions and acquisition-related costs 348 313
Aggregate adjustment for income taxes (316) (244)
------ --- ------ ---
Non-GAAP net income $ 3,017 $ 3,952 (24)%
=== ====== === ======
GAAP earnings per share - diluted $ 1.35 $ 1.88 (28)%
Non-GAAP adjustments per share - diluted 0.37 0.25
------ ------
Non-GAAP earnings per share - diluted $ 1.72 $ 2.13 (19)%
=== ====== === ======
Diluted WAS 1,755 1,853
Percentage of Total Net Revenue:
---------------------------------------------------------------
GAAP gross margin 21.4 % 22.3 %
Non-GAAP adjustment 0.9 % 0.5 %
------ --- ------ ---
Non-GAAP gross margin 22.3 % 22.8 %
====== === ====== ===
GAAP operating expenses 16.1 % 15.2 %
Non-GAAP adjustment (0.8)% (0.7)%
------ --- ------ ---
Non-GAAP operating expenses 15.3 % 14.5 %
====== === ====== ===
GAAP operating income 5.3 % 7.1 %
Non-GAAP adjustment 1.7 % 1.2 %
------ --- ------ ---
Non-GAAP operating income 7.0 % 8.3 %
====== === ====== ===
GAAP net income 4.2 % 5.6 %
Non-GAAP adjustment 1.1 % 0.8 %
------ --- ------ ---
Non-GAAP net income 5.3 % 6.4 %
====== === ====== ===
(1) Includes the results of Dell's Fiscal 2013 acquisitions from their respective acquisition dates.
Dell Inc.
Supplemental Segment Information
Fiscal 2011
(in millions, unaudited)
Three Months Ended Fiscal Year Ended
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------
April 30, 2010 July 30, 2010 October 29, 2010 January 28, 2011 January 28, 2011
------------------------------------------------- ------------------------------------------------- --------------------------------------------------------- ------------------------------------------------- -------------------------------------------------
As Recast Variance As Recast Variance As Recast Variance As Recast Variance As Recast Variance
Reported Reported Reported Reported Reported
---------- ---------- ------------------ ---------- ---------- ------------------ ------------------ ---------- ------------------ ---------- ---------- ------------------ ---------- ---------- ------------------
Net Revenue by Global Segment:
(1)
--------------------------------
Large Enterprise $ 4,246 $ 4,341 $ 95 $ 4,549 $ 4,618 $ 69 $ 4,326 $ 4,389 $ 63 $ 4,692 $ 4,763 $ 71 $ 17,813 $ 18,111 $ 298
Public 3,856 3,708 (148) 4,580 4,467 (113) 4,442 4,340 (102) 3,973 3,862 (111) 16,851 16,377 (474)
Small and Medium Business 3,524 3,096 (428) 3,535 3,083 (452) 3,665 3,179 (486) 3,749 3,250 (499) 14,473 12,608 (1,865)
Consumer 3,248 3,729 481 2,870 3,366 496 2,961 3,486 525 3,278 3,817 539 12,357 14,398 2,041
------ ------ -------------- ------ ------ -------------- -------------- ------ -------------- ------ ------ -------------- ------ ------ --------------
Consolidated net revenue $ 14,874 $ 14,874 $ -- $ 15,534 $ 15,534 $ -- $ 15,394 $ 15,394 $ -- $ 15,692 $ 15,692 $ -- $ 61,494 $ 61,494 $ --
== ====== == == ====== == == ============== == == ====== == == ====== == == ============== == == ============== == == ====== == == ============== == == ====== == == ====== == == ============== == == ====== == == ====== == == ============== ==
Percentage of Total Net Revenue:
(1)
--------------------------------
Large Enterprise 28 % 29 % 1 % 29 % 30 % 1 % 28 % 28 % -- 30 % 30 % -- 29 % 29 % --
Public 26 % 25 % -1 % 30 % 29 % -1 % 29 % 28 % -1 % 25 % 25 % -- 27 % 27 % --
Small and Medium Business 24 % 21 % -3 % 23 % 20 % -3 % 24 % 21 % -3 % 24 % 21 % -3 % 24 % 21 % -3 %
Consumer 22 % 25 % 3 % 18 % 21 % 3 % 19 % 23 % 4 % 21 % 24 % 3 % 20 % 23 % 3 %
Consolidated Operating Income:
(1)
--------------------------------
Large Enterprise $ 283 $ 293 $ 10 $ 288 $ 289 $ 1 $ 400 $ 398 $ (2) $ 502 $ 510 $ 8 $ 1,473 $ 1,490 $ 17
Public 298 280 (18) 369 363 (6) 451 450 (1) 366 353 (13) 1,484 1,446 (38)
Small and Medium Business 313 301 (12) 323 298 (25) 391 365 (26) 450 419 (31) 1,477 1,383 (94)
Consumer 17 37 20 (21) 9 30 -- 29 29 69 105 36 65 180 115
------ ------ -------------- ------ -- ------ -------------- -------------- ------ -------------- ------ ------ -------------- ------ ------ --------------
Segment operating income $ 911 $ 911 $ -- $ 959 $ 959 $ -- $ 1,242 $ 1,242 $ -- $ 1,387 $ 1,387 $ -- $ 4,499 $ 4,499 $ --
== ====== == ====== == ============== == ====== == ====== == ============== == ============== == ====== == ============== == ====== == ====== == ============== == ====== == ====== == ==============
(1) In the first quarter of Fiscal 2013, Dell made certain segment realignments in order to conform to the way Dell now internally manages segment performance. These realignments affected all of Dell's operating segments, but primarily consisted of the transfer of small office business customers from the Small and Medium Business segment to the Consumer Segment. Dell has recast prior period amounts to provide visibility and comparability. None of these changes impacts Dell's previously reported consolidated net revenue, gross margin, operating income, net income, or earnings per share.
Dell Inc.
Supplemental Segment Information
Fiscal 2012
(in millions, unaudited)
Three Months Ended Fiscal Year Ended
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------
April 29, 2011 July 29, 2011 October 28, 2011 February 3, 2012 February 3, 2012
------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
As Recast Variance As Recast Variance As Recast Variance As Recast Variance As Recast Variance
Reported Reported Reported Reported Reported
---------- ---------- ------------------ ---------- ---------- ------------------ ---------- ---------- ------------------ ---------- ---------- ------------------ ---------- ---------- ------------------
Net Revenue by Global Segment:
(1)
--------------------------------
Large Enterprise $ 4,477 $ 4,587 $ 110 $ 4,584 $ 4,677 $ 93 $ 4,487 $ 4,540 $ 53 $ 4,909 $ 4,982 $ 73 $ 18,457 $ 18,786 $ 329
Public 3,767 3,621 (146) 4,457 4,329 (128) 4,375 4,287 (88) 3,949 3,833 (116) 16,548 16,070 (478)
Small and Medium Business 3,768 3,355 (413) 3,709 3,306 (403) 3,712 3,326 (386) 3,977 3,560 (417) 15,166 13,547 (1,619)
Consumer 3,005 3,454 449 2,908 3,346 438 2,791 3,212 421 3,196 3,656 460 11,900 13,668 1,768
------ ------ -------------- ------ ------ -------------- ------ ------ -------------- ------ ------ -------------- ------ ------ --------------
Consolidated net revenue $ 15,017 $ 15,017 $ -- $ 15,658 $ 15,658 $ -- $ 15,365 $ 15,365 $ -- $ 16,031 $ 16,031 $ -- $ 62,071 $ 62,071 $ --
== ====== == ====== == ============== == ====== == ====== == ============== == ====== == ====== == ============== == ====== == ====== == ============== == ====== == ====== == ==============
Percentage of Total Net Revenue:
(1)
--------------------------------
Large Enterprise 30 % 31 % 1 % 29 % 30 % 1 % 29 % 29 % -- 30 % 31 % 1 % 30 % 30 % --
Public 25 % 24 % -1 % 28 % 28 % -- 29 % 28 % -1 % 25 % 24 % -1 % 27 % 26 % -1 %
Small and Medium Business 25 % 22 % -3 % 24 % 21 % -3 % 24 % 22 % -2 % 25 % 22 % -3 % 24 % 22 % -2 %
Consumer 20 % 23 % 3 % 19 % 21 % 2 % 18 % 21 % 3 % 20 % 23 % 3 % 19 % 22 % 3 %
Consolidated Operating Income:
(1)
--------------------------------
Large Enterprise $ 504 $ 516 $ 12 $ 448 $ 460 $ 12 $ 441 $ 446 $ 5 $ 461 $ 467 $ 6 $ 1,854 $ 1,889 $ 35
Public 370 352 (18) 484 466 (18) 463 454 (9) 327 312 (15) 1,644 1,584 (60)
Small and Medium Business 463 435 (28) 404 380 (24) 386 367 (19) 412 399 (13) 1,665 1,581 (84)
Consumer 136 170 34 73 103 30 76 99 23 39 61 22 324 433 109
------ ------ -------------- ------ ------ -------------- ------ ------ -------------- ------ ------ -------------- ------ ------ --------------
Segment operating income $ 1,473 $ 1,473 $ -- $ 1,409 $ 1,409 $ -- $ 1,366 $ 1,366 $ -- $ 1,239 $ 1,239 $ -- $ 5,487 $ 5,487 $ --
== ====== == ====== == ============== == ====== == ====== == ============== == ====== == ====== == ============== == ====== == ====== == ============== == ====== == ====== == ==============
(1) In the first quarter of Fiscal 2013, Dell made certain segment realignments in order to conform to the way Dell now internally manages segment performance. These realignments affected all of Dell's operating segments, but primarily consisted of the transfer of small office business customers from the Small and Medium Business segment to the Consumer Segment. Dell has recast prior period amounts to provide visibility and comparability. None of these changes impacts Dell's previously reported consolidated net revenue, gross margin, operating income, net income, or earnings per share.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130219006965r1&sid=cmtx4&distro=nx
SOURCE: Dell Inc.
T-Mobile launches prepaid GoSmart Mobile service starting at $30 a month, promises 'FreeDUM'
It's nothing we didn't see coming toward the end of last year, but T-Mobile's finally ready to make its GoSmart Mobile prepaid service officially official. As outlined during its trials, the service is offering up plans starting at $30 a month for unlimited talk and text. An extra $5 a month'll get you unlimited talk, text and web, and if you jump up to a full $45 a month, you can add 3G to the list. T-Mob's promising a service free of hidden fees and caps, or as the company puts it "No DUM caps. No DUM overages " -- you know, "FreeDUM in wireless," as it were. The GoSmart Mobile SIM kit will run you $8. More info can be found in the press release after the break.
GoSmart Mobile Launches Nationwide No-Contract Wireless Service for Budget-Conscious Consumers
It is time for FreeDUM in wireless.
GoSmart Mobile today announced the nationwide launch of its no annual contract wireless service for budget-conscious consumers, ending the era of DUM[TM] hidden fees, roaming charges and overly complicated annual contracts. GoSmart, a new brand from T-Mobile USA, offers affordable, no annual contract plans on a reliable nationwide network starting at just $30 per month.
With GoSmart, wireless customers get what they need - great savings and flexibility without the hassle. For example, customers have the choice of purchasing an inexpensive SIM kit to use in their own compatible mobile phone or they can buy a low-priced GoSmart phone. In addition, all GoSmart services are offered without limits. No DUM caps. No DUM overages. Just a very affordable service for calling, texting and Web surfing.
GoSmart is available online at www.GoSmartMobile.com and at thousands of dealer stores across the nation.
"You don't need food bigger than your face, and you don't need mobile phone plans that charge you more than you can afford for services you don't want or need," said Doug Chartier, senior vice president of marketing for GoSmart. "GoSmart is one of the simplest, most budget-friendly options in wireless, with unlimited plans on a reliable nationwide network starting at $30 per month."
GoSmart's launch comes as the no annual contract market continues to grow at a steady pace, fueled by cost-conscious consumers looking to reduce what they spend each year for wireless service. The number of no annual contract customers in the United States is expected to reach 80 million by the end of 2013 and grow an average of 7.4 percent per year until 2016, according to a report from market research firm IDC.[i]
"The influx of data services, coupled with the traditional flexibility and value of no contract plans, has considerably increased consumer interest in the no annual contract wireless market" said John Weber, Associate Research Analyst at IDC. "Customers often look for unlimited service plans on a robust network, while simultaneously limiting monthly wireless expenses. GoSmart represents a viable option for consumers to consider."
Nokia Music+ now live for US Lumia owners
Two more Titan-powered PCs emerge, from Digital Storm and Origin
ORIGIN PC Offers The First Liquid Cooled NVIDIA GeForce GTX TITAN: The World's Fastest Single GPU
Available on 2/21/2013 In Up to 4-Way SLI On Award-Winning ORIGIN PC Desktops
Miami, FL - February 19, 2013, 9:00 A.M. EST- ORIGIN PC announced today the new NVIDIA GeForce GTX TITAN graphics card to their award-winning desktops for gamers, artists, enthusiasts and professionals and will be available for sale starting on February 21, 2013. The NVIDIA GeForce GTX TITAN has a rare combination of raw power and efficiency to run today's most demanding games at the highest of resolutions. Featuring 2,688 NVIDIA CUDA(R) cores and support for up to 4-WAY SLI, TITAN takes the crown with the fastest graphics performance to date for a single GPU. ORIGIN PC has also worked closely with EK Water Blocks to be the first to offer their CRYOGENIC Liquid Cooling Solution and Professional Overclocking that will be available on TITAN's official launch date!
NVIDIA GeForce GTX Titan Features:
World's Fastest Single GPU Card
2,688 NVIDIA CUDA(R) cores
Chromium-plate Aluminum Design*
ORIGIN PC Professional GPU Overclocking
Up to 4-WAY SLI Support
Exclusive CRYOGENIC Liquid Cooling
*Chromium-plate Aluminum Design is for air-cooled cards only.
"When NVIDIA first showed us TITAN, we were simply blown away by its single GPU performance on even the most demanding games and applications." said Kevin Wasielewski ORIGIN PC CEO and cofounder. "Just wait until you see it running on an ORIGIN PC . With support of our CRYOGENIC Liquid Cooling Solution, Professional Overclocking and up to 4-WAY SLI, TITAN brings us the first true gaming supercomputer."
About ORIGIN PC:
ORIGIN PC builds custom, high-performance desktops, workstations, and laptops for hardware enthusiasts, digital/graphics artists, professionals, government agencies and gamers. ORIGIN PCs are hand built, tested, and serviced by knowledgeable gaming enthusiasts, industry veterans, and award winning system integrators. Every ORIGIN PC comes with free lifetime 24/7 support based in the United States. The ORIGIN PC staff is comprised of award-winning enthusiasts, experienced in the gaming and PC markets who want to share their passion with others. ORIGIN PC is located in Miami, FL and ships worldwide. For more information, please visit http://www.ORIGINPC.com or call 1-877-ORIGIN-Ø. (674-4460)
Follow ORIGIN
twitter.com/originpc
twitter.com/originpceo
facebook.com/originpc
youtube.com/originpc
plus.google.com/112051064460619865632/posts
DIGITAL STORM BOLT COMBINES SUPERCOMPUTER GRAPHICS WITH A SUPER-THIN DESIGN
At just 3.6 inches wide Bolt is the thinnest Gaming PC in the world
FREMONT, Calif. - February 19, 2013 - Digital Storm, the predominant name in computer system integration and engineering, is excited to announce it will offer a Titan Edition of its award winning Bolt - the slimmest gaming computer ever. The new NVIDIA GTX Titan is the world's fastest graphics card, and utilizes the same technology that powers Oak Ridge National Laboratory's Titan, the world's fastest supercomputer.
The Bolt's unique ventilation system differentiates it from all other small form factor PCs, making it one of the only systems in its class able to handle the powerful GTX Titan. The custom designed chassis features vents near each critical component, large top and rear vents to eliminate any stagnant air inside of the system, and a dedicated air channel created by a slotted side vent to cool the power supply. The design delivers industry leading thermals and ultra-quiet operation.
The Titan powered Bolt performed exceptionally when running Steam Big Picture, Valve's popular games distribution platform optimized for big screen TV's. The Bolt's unmatched balance of explosive power and size, just 3.6" wide, make it an ideal console replacement and destined to make the move from the home office or bedroom into the living room.
The Digital Storm Bolt Titan Edition is available now at www.digitalstormonline.com and starts at $2,499.
Technical Specifications
For images or additional information, please contact Digital Storm Media Representative Mark Olson at markolson@maxborgesagency.com or 305-374-4404 x117.
Follow Digital Storm at facebook.com/digitalstormpcs, twitter.com/DigitalStormPC, plus.google.com/+digitalstorm/posts, and youtube.com/digitalstormpc.
About Digital Storm
Founded in 2002, Digital Storm has rapidly emerged as the predominant name in system integration. With expertise in gaming and workstation PCs, Digital Storm's mission is to deliver its customers bleeding edge technology and performance, coupled with rock solid stability and support. As a validation of Digital Storm's success, the company has maintained an "A+" rating with the Better Business Bureau and its systems have received the industry's most prestigious awards. www.DigitalStormOnline.com
BlackBerry granted gesture recognition patent for touch-free image manipulation
LG launches LTE-equipped Tab-Book Ultra and IdeaPad U460 in Korea
ADATA's Dash Drive Air brings power, streaming and bling to your phone
ADATA Announces Global Launch of Wireless Storage Reader / Power Bank - DashDrive Air AE400
Share Pictures, Music and Data Anywhere While Charging Your Portable Device
Taipei, Taiwan - Feb 19, 2013 - ADATA[TM] Technology, a leading manufacturer of high-performance DRAM modules and NAND Flash storage application products, today announces the release of the DashDrive Air AE400, a versatile wireless reader that can read and stream data from USB storage media and SD memory cards, and also functions as a power bank that can charge other mobile devices.
As smartphones and tablet computers continue to replace traditional desktop systems in worldwide markets, wireless network availability and power charging sources become omnipresent requirements. The AE400 can be an easy to operate wireless hotspot, with support for 802.11 b/g/n wireless networking. When functioning as a network bridge, the internet connection can be shared by up to 10 devices at the same time.
As a storage reader, the AE400 enables wireless data transfer between mobile devices and SD cards, USB flash drives, or portable HDDs. It supports up to 3 users simultaneously streaming 1080P video, or up to 5 users simultaneously streaming 720p video. Supported operating systems include iOS, Android, Windows (XP, Vista, 7, 8), OS X, and Linux 2.4+. The DashDrive Air Elite App (for users of iOS 5.0 & Android 2.3 or later versions) is free for download from both the Apple App Store and Google Play.
The surface of the AE400 gleams with a modern, hexagonal lattice design, giving a hint of the potent integral power bank within. The power bank has a capacity of 5000 mAh, which translates to a charging capacity of approximately two full charges for a smartphone. This combination of functions: USB storage & card reader, and power bank, make the DashDrive Air AE400 an extremely versatile and multifunctional addition that can reduce the number of electronic accessories needed for full data access on-the-go.
Availability
The DashDrive Air AE400 will be available through selected distributors and resellers in the Europe at the MSRP of £52.99.
Firefox 19 now official with a built-in PDF viewer, themes on Android
Reuters: Apple employee computers hacked, no evidence of stolen data
"Apple has identified malware which infected a limited number of Mac systems through a vulnerability in the Java plug-in for browsers. The malware was employed in an attack against Apple and other companies, and was spread through a website for software developers. We identified a small number of systems within Apple that were infected and isolated them from our network. There is no evidence that any data left Apple. We are working closely with law enforcement to find the source of the malware. Since OS X Lion, Macs have shipped without Java installed and as a added security measure OS X automatically disables Java if it has been unused for 35 days. To protect Mac users that have installed Java, today we are releasing an updated Java malware removal tool that will check Mac systems and remove this malware if found."Filed under: Desktops, Laptops, Apple Comments Source: Reuters Read More ...
HTC's Peter Chou: 'We're confident consumers will appreciate our innovations' (video)
"We just need to let people know all of these HTC innovations."In the face of the likes of Samsung and many Chinese manufacturers, Chou believes that HTC's ability to work very closely with partners is a key to success -- something that the company's been very proud of since its OEM days. On the same subject, Chou also hinted at the changes that happened inside HTC not so long ago to help it stay in the game. "We are driving changes inside the company, pushing the innovation and pushing the execution." As any executive would do at a launch event, Chou went on to pimp the highlights of the One: BlinkFeed (live feed of ambient information), BoomSound (dual front-facing loudspeaker) and Zoe (multimedia gallery and editor on steroids). Again, the exec emphasized the importance of great experience, especially with Zoe where the user doesn't need to do much, and yet they still get this "awesome emotion and personality" with the movies they share with people. "We think that this is a great way of providing new experience to smartphone users," Chou added.
"The megapixel myth is the wrong way to go."We went on to ask how HTC will handle the tricky task of convincing consumers into the low-res (4-megapixel) but more sensitive and efficient UltraPixel camera, to which we were given a familiar response. "The megapixel myth is the wrong way to go, so what really matters is to give you much better image quality with great innovative, exciting experience. So that's where we're focusing on." Interestingly, the One doesn't come with a microSD slot (as featured on the Japanese and Asian Butterfly variants) and Qi wireless charging (as featured on the Verizon versions of some HTC flagships), but Chou wasn't too keen on addressing these drawbacks, and neither was he up for talking about the seemingly smaller battery size when compared to some of the competition. "Our differentiation is very, very clear," Chou said. Of course, we shall see about that when we eventually get to review the One. Sharif Sakr and Mat Smith contributed to this interview. Filed under: Cellphones, Mobile Comments Read More ...
Apple pushes iOS 6.1.2 with Exchange bug fix
Insert Coin: Lumapad turns anywhere into a disco (video) In Insert Coin, we look at an exciting new tech project that requires funding before it can hit production. If you'd like to pitch a project, please send us a tip with "Insert Coin" as the subject line.
Previous Project Update: It's early days for HeatMeter, but the project has already raised around a sixth of that project goal.
Verizon won't carry the HTC One, Droid DNA will have to do for now
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