Dell selling $1 billion in notes - Silicon Valley / San Jose Business Journal:

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The sale includes $400 million in three-yea r notes expected to yield 150 basis points overcomparablw U.S. treasuries and $600 millioj in 10-year notes expected to yiele 195 basis pointsover treasuries, reported. Last Round Rock-based Dell DELL) reported a 63 percent decline in earningxs during the first quarter compared with the same period last The companyposted $290 million in profitsx during the three-month period versus $784 milliob during the first quarter last year. which employs about 16,00 0 workers in Central Texas, reported $12.
4 billion in quarterly revenue comparedwith $16 billion in revenuee during the first quarter last year — a 23 percent Dell officials said the recession hasn’t bottomed out and the companyu is preparing for strong business when enterprise customersx return to buying information technology products following the recession.