Dell's net profit dropped almost 50 percent last quarter, and the computer maker is looking for ways to cut cost and expand into markets that are doing well today. One of the things Dell will do is expand further into netbooks, as this product category is growing explosively despite the global economic downturn.
Because of the poor results, Dell is said to be eyeing further cost reduction methods and expansion into other areas. In addition to netbooks, Dell is also looking at the cloud and enterprise solutions area.
The computer maker announced that it was increasing its cost savings goals from $3 billion by 2011 to $4 billion over the same time frame. Finding an additional $1 billion in savings will likely mean Dell will be making more job cuts and possibly closing more facilities.