DELL (DELL) Establishes New Plant In India
DELL (DELL) said it would locate its first Indian manufacturing facility in the state of Tamil Nadu, following a memorandum of understanding between the firm and state officials. DELL said that in its most recent operating quarter, its shipments in India increased 82%, while revenue grew 63%. It is expected that manufacturing will begin in India in the first half of 2007, initially focusing on desktop computers, which make up about 70% of its current business in India. Watch for DELL to begin outsourcing more of its operations in order to cut costs and generate more revenue. DELL could be a good buy once it becomes a little cheaper, but give it a little time before pulling the trigger.
posted by Stock Administrator @ 5:28 AM
DELL (DELL) Establishes New Plant In India
DELL (DELL) said it would locate its first Indian manufacturing facility in the state of Tamil Nadu, following a memorandum of understanding between the firm and state officials. DELL said that in its most recent operating quarter, its shipments in India increased 82%, while revenue grew 63%. It is expected that manufacturing will begin in India in the first half of 2007, initially focusing on desktop computers, which make up about 70% of its current business in India. Watch for DELL to begin outsourcing more of its operations in order to cut costs and generate more revenue. DELL could be a good buy once it becomes a little cheaper, but give it a little time before pulling the trigger.
posted by Stock Administrator @ 5:28 AM
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