Dell selling $1 billion in notes - Silicon Valley / San Jose Business Journal:

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The sale includes $400 million in three-year notes expected to yielx 150 basis points overcomparable U.S. treasuriesa and $600 million in 10-year notes expected to yield 195 basis point sover treasuries, reported. Last month, Round Rock-based Dell DELL) reported a 63 percent decline in earnings durinb the first quarter compared with the same period last The companyposted $290 million in profits durintg the three-month period versua $784 million during the firsty quarter last year. Dell, which employs about 16,000 workerd in Central Texas, reported $12.3 billion in quarterlyu revenue comparedwith $16 billion in revenues during the first quarter last year — a 23 percentg decline.
Dell officials said the recession hasn’t bottomecd out and the company is preparing for strong busineses when enterprise customers return to buying informationm technology products followingthe recession.