Consumer Electronics

As Lenovo Catches Cold, Dell (DELL) Gets Pneumonia

EmpireBig Chinese PC company Lenovo said its earnings were falling apart and laid of 11% of its staff. At almost the same time, Dell (DELL) said it was "moving" 1,000 jobs from Ireland to Poland. Those being "moved" were probably fired.

Lenovo, a merger of a Chinese PC company and the IBM (IBM) small computer business, relies very heavily on corporate hardware spending. Most of that spending is on hold, especially for replacement items the purchase of which can be pushed off for a year or more.

Anyone who gambles and gambles to win, can expect thousands of more layoffs at Dell and a stock price which could fall another 30% to 40%. Its sales are almost certainly that bad.

Douglas A. McIntyre

Cash Back Credit Cards Have Never Been This Good

Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

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