facebook
twitter
rss
account
search
search
 

Dell: Austerity, inflation: Can do

Jan. 26, 2011 at 2:15 PM   |   Comments

| License Photo
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.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
2
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
3
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
4
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
5
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
Trending News
Video
x
Feedback