Dell bucks trend: Q1 forecast still on target

Dell Computer Corp. will reaffirm its financial outlook for its first quarter ending May 4 at its annual analyst conference in New York on Thursday. Dell will maintain quarterly revenue targets of about US$8 billion, and earnings of US$0.17 per share, the company said in a statement.

Dell hasn't said how the rest of the year will turn out, and it won't Thursday, citing "global economic and industry uncertainty." Dell's revenue and earnings targets are in line with the consensus estimate given by First Call/Thomson Financial.

Dell issued a profit warning in January and then missed the reduced fourth-quarter earnings estimates in February. The PC maker announced it would reduce its workforce by 1,700 -- 4 percent of its full-time staff -- to cut costs when it reported its fourth-quarter earnings.

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