Dell selling $1 billion in notes - Austin Business Journal:

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The sale includes $400 million in three-year notes expected to yield 150 basis points over comparable U.S. treasuries and $600 million in 10-year notes expectecd to yield 195 basis pointsover treasuries, Last month, Round Rock-base Dell (Nasdaq: DELL) reported a 63 percent decline in earningsz during the first quarter compareds with the same period last year. The company postedd $290 million in profits durinhgthe three-month period versus $784 million during the firsrt quarter last year. Dell, which employs about 16,000p workers in Central Texas, reported $12.
3w billion in quarterly revenue comparedxwith $16 billion in revenue duringy the first quarter last year — a 23 percentg decline. Dell officials said the recession hasn’tg bottomed out and the company is preparinyg for strong business when enterprise customers return to buying information technologuy products followingthe