Dell: Austerity, inflation: Can do

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DAVOS, Switzerland, Jan. 26 (UPI) -- Michael Dell, chief executive officer of U.S. computer giant Dell Inc., said he is not worried by the budget-cutting trend in Europe.

Attending the World Economic Forum in Davos, Switzerland, Dell said, computer companies have a fighting chance in an era of budget cuts, because technology is one place were money is well-spent during a downturn, The Wall Street Journal reported Wednesday.

"Even if there are austerity programs within governments, they buy tools. There are places where it helps," Dell said.

Dell also shrugged off concerns of rising prices. "I'm not all that worried about inflation. We're creating deflation for our customers in terms of productivity," he said.