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Dell Essentially Pre-Announces

The higher-than-expected top line will pass muster, but its income has reportedly been negatively impacted by the PC slowdown

Dell Tuesday moved up its fiscal Q1 earnings call up five days to this Thursday May 16 at 4:45 p.m. ET. It didn't say why it changed the schedule.

CNBC's David Faber, who was first out with the news, said he heard Dell is going to come with earnings below consensus and that the miss is big enough for Dell to want to get the word out to the market as quickly as possible.

Dell was expected to make 35 cents a share on $13.5 billion in revenues.

Now the Wall Street Journal says it looks like 20 cents on $14 billion.

The higher-than-expected top line will pass muster, but its income has reportedly been negatively impacted by the PC slowdown and may only amount to $600 million.

The results could affect Michael Dell's plans to take the company private for a buy-out price of $24.4 billion and could also affect Carl Icahn plans to stop him. Icahn and some of Dell's other large shareholders think the offer undervalues the company.

There's talk that the results are purposeful to make the company look weak and sickly in support of Michael Dell's attempt to take the company out on the cheap.

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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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