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Dell Shows Prelim Earnings

ROUND ROCK, Texas -- Dell (NASDAQ:DELL) reported preliminary results for the first quarter of fiscal year 2008, with revenue of $14.6 billion, operating income of $947 million and earnings per share of $0.34.

In the quarter, gross and operating income margins were positively affected by a favorable decline in component costs. In addition, a focus on more richly configured customer solutions and a better mix of products and services yielded significantly higher average selling prices and a better balance of profitability and revenue growth. In the quarter, the company incurred approximately $46 million, or $0.02 per share, in costs associated with the ongoing investigations into certain accounting and financial reporting matters.

Our strategic intent is to simplify information technology for our customers by removing cost and complexity,” said Chairman and CEO Michael Dell. “No other company is as well positioned to unlock value for our customers - empowering them to implement simpler and smarter technology solutions.”

Dell Inc.