affirmation of a recession in us 5th april, page-3

Michael Dell, founder and CEO of Dell Inc. (DELL:
dell inc com
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Last: 19.95-0.38-1.87%
4:00pm 04/02/2008
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DELL 19.95, -0.38, -1.9%) , told a gathering of analysts Thursday that the PC maker expects to continue to reduce its headcount as part of a broader effort to slash costs at the company by $3 billion a year. He said the company "will go past" its previously stated target of reducing headcount by 8,800 workers. "To be very clear, we are not satisfied with the current state of affairs," Dell told the gathering. "There are no fixed costs at Dell. Everything is being looked at.