Austin, Texas - Dell Computer founder and CEO Michael Dell yesterday said the company will expand into the inkjet printer and handheld computer categories, confirming industry rumors that the company would do so to better compete with Hewlett-Packard.
Exactly when these products would hit retail was not mentioned, but Dell said to expect them before the year's end. This news was announced along with Dell's second quarter financial earnings, which had the company outperforming expectations with $501 million in net income on $8.4 billion in sales for the quarter ended Aug. 2. During the second quarter last year Dell lost $101 million due to charges related to job reductions, consolidation of facilities and impairment of assets.
Looking forward to the next quarter Kevin Rollins, Dell's president and COO, predicted PC industry sales would be flat to slightly up, but Dell's sales volumes could increase more than 5 percent sequentially.