Dell first-quarter profit flat as sales rise

NEW YORK, May 17 (Reuters) - Dell Computer Corp. (NasdaqNM:DELL - news) on
Thursday reported flat first-quarter net income, as the No. 1 personal computer maker
continued to lead the industry into a price war.

The Round Rock, Texas-based company reported income of $462 million, or 17 cents per share, essentially flat with the
same quarter a year earlier. That met the consensus of analysts polled by Thomson Financial/First Call of 17 cents.

Sales rose 10 percent to $8 billion.

Dell's shares closed at $25.88, up $0.50, on the Nasdaq before it announced the quarterly results.