I’m still waiting, but I’m not holding my breath. After
all the citizens of this state ponied up $300 million in incentives to
get them here and they are a very good company to have. But they
should also be pleased that the incentive amount happens to correlate
with what it will cost them to pay up the largest computer recall in history, (also estimated at $300 million).
An excerpt: Faced with stiffer competition that has forced price cuts, it has
reported lower-than-expected sales and earnings over the last year,
sending its stock down more than 40 percent. It is spending $100
million to improve its customer service, which it found had alienated
consumers.
And then another interesting story from the Triangle Business Journal.
Computer manufacturer Dell Inc. is reporting fiscal second-quarter net income of $502 million, down 51 percent
In addition, Round Rock, Texas,-based Dell (NASDAQ: DELL) said that
it has been cooperating with the U.S. Securities and Exchange
Commission for the past year on what it called “an informal
investigation” dealing with Dell’s revenue recognition and other
accounting and financial reporting matters. from the same time last year.
Obviously, we North Carolinians are trying to make things easier
from a taxpayer perspective, I’m still waiting for my ‘thank you’ note.
Sample wording, “We at Dell truly appreciate the sacrifices you North
Carolinians have made so that we don’t have to pay state or local
taxes. Your assistance is helping us to remain competitive and
thankfully, your $300 million will help us to cover our flawed flamable
batteries.”
So, does our subsidy make them more or less competitive?
