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| Address URL | http://www.alleyinsider.com/ Registered: 22-Mar-2008 |
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 Send to email | Dell a Sub-Prime Money Lender: Who Knew? in DELLCIT |  By Silicon
el 22-Mar-2008 |  Dell's computer sales have been sucking wind for the past few years. And now comes a reminder, from Mark Veverka at Barrons, that this weakness is in spite of the fact that Dell (DELL) is effectively giving about 10% of the units away for free (a.k.a., extending vendor financing who might suddenly go belly-up).
AS IF DELL DIDN'T HAVE enough on its plate, the Texas computer maker (DELL) might get dragged down by the subprime mess. CIT Group's (CIT) dire cash crisis shines a light on Dell's financial arm, Dell Financial Services, which is a partner with CIT.
Until recently, CIT was more than
just a partner -- owning a 30% stake in DFS. Dell bought back CIT's
stake at the end of 2007. The upshot: DFS is largely a subprime lender
to buyers and lessors of computer gear. About 9% of Dell's 2008 sales
so far have been generated with help from DFS. If DFS's ability to
finance computer sales going forward is hindered, what impact will it
have on Dell sales? More important, if Dell is carrying subprime paper,
what is Dell's total exposure to the credit crisis and how will it
impact a turnaround? "CIT continues to be a partner, and we are
assessing the situation," a Dell spokesman said.
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| Dell a Sub-Prime Money Lender: Who Knew? | | Dell's computer sales have been sucking wind for the past few years. And now comes a reminder, from Mark Veverka at Barrons, that this weakness is in spite of the fact that Dell (DELL) is effectively giving about 10% of the units [..] Read complete article | | Published 22-Mar-2008 by Silicon in DELLCIT
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Hey Dell, Where's Your iPhone Killer? | | Smart move for Dell (DELL) to bail on its iPod competitor. But where the heck are its smartphones?
As the WSJ reported this morning, Dell is not launching a "digital music player tied to online entertainment s [..] Read complete article | | Published 10-Nov-2008 by Silicon in DELLMOTAAPLGOOG
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| Dell CTO Kevin Kettler Retiring (DELL) | | Shake-up at Dell (DELL): Chief Technology Officer Kevin Kettler, who joined the PC-maker in 1996, is retiring in January. The move -- which Dell spokespeople say has been in the works for several months -- comes a week after Dell [..] Read complete article | | Published 13-Nov-2008 by Silicon in DELL
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| Wait, What? Dell Inspiron Mini 9 Packs Integrated 3G? |  Of all the details that Dell could have omitted from the launch of its Inspiron Mini 9, we would think that one of the mini-notebook’s most distinguishing features might have made it to the table. According to Dell spokeswoman Anne Camden, Dell’s new tiny dancer is packing an integrated 3G card. Talk about easter eggs! [...]
[..] Read complete article | | Published 05-Sep-2008 by Zach Epstein in HSDPAHSUPALaptopsUMTS3GDellInspironlaptopMini 9notebookultra-portable
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
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