Dell Computer takes $700 million charge

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New York--In a stark reflection of the challenges facing the personal computer makers, Dell Computer Corp., the world's biggest PC maker, on Thursday said it would take a $700 million charge in the second quarter for job cuts and other items.Round Rock, Texas-based Dell said the company expected to post revenue of $7.6 billion with earnings per share of 16 cents for the second quarter ending Aug. 3, before a $700 million charge for job reductions, facilities consolidation and asset impairments.The charges roughly double the estimated hit Dell announced in May, when it said it expected to take a one-time pre-tax charge of $250 million to $350 million against its second-quarter earnings primarily related to staff cuts of between 3,000 and 4,000 jobs and facility consolidation. Dell, which took over the reins as the top PC maker from Compaq Computer Corp. this year, has promised to be ruthless in its cost-cutting measures in response to the downturn in the PC market.In early morning trading, Dell shares rose to $28.55, up from Wednesday's close of $27.20
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