Dell's Third-Quarter Profit Increases Nov 15, 2002

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Dell Computer Corp. said quarterly profits rose 31 percent as it gained market share, taking back the No. 1 personal computer maker spot that Hewlett-Packard Co. held briefly after buying Compaq Computer in May. The company said it will continue to grow, saying that fourth-quarter shipments could rise 23 percent from the year-ago period and forecasting higher earnings and revenues.

Dell said net profits for the third quarter ended Nov. 1 rose to U.S. $561 million, or $0.21 per share, from $429 million, or $0.16 per share, a year-ago. Revenue rose to $9.14 billion from $7.47 billion a year earlier. (Reuters)

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