Late yesterday, Dell (NASDAQ:DELL) said it plans to buyback an additional $2 billion in stock by the end of the current fiscal year. The company has already repurchased $1.6 billion in shares.
The company also said, in an announcement ahead of its analyst meeting today, that it is moving deeper into the core of information technology with its own intellectual property that delivers efficient, flexible and differentiated IT solutions.
Mattress maker Sealy (ZZ) posted a loss for its fiscal second quarter after the close of trading yesterday.
The companyís net loss totaled $377,000, or zero cents per share, compared to net income of $849,000, or $0.02 per share last year.
On a continuing operations basis, the company earned $0.01 per share, just ahead of analyst forecasts.
Net sales rose 10.6% to $321.3 million, well ahead of analyst expectations.
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