Dell has indicated it may look to exploit the relatively low valuations of technology businesses in the current climate by acquiring.
The firm has made ten acquisitions in recent years with storage vendor EqualLogic bought in late 2007, the most substantial at $1.4bn.
"There is a good opportunity to take advantage of the downturn to digest a big acquisition so we are stronger coming out of the downturn asset prices are getting pretty attractive," said CEO Michael Dell in a Q1 conference call last week.
Perhaps Dell head honcho had got a warm fuzzy feeling about acquisitions given the success of the EqualLogic deal, a point he was quick to highlight.
"Previously we hadn't made any acquisitions but in the last couple of years we have done ten transactions," he said, "the only one of any size was EqualLogic and that business is now roughly four times larger than when we started."
"So yes, we'll be looking in that direction so stay tuned," Dell concluded, adding that it was stock piling cash.
The boss did not leave any hints as to which part of the portfolio it may look to bolster but given the drop in revenues across all its product groups, he has a pretty wide remit on which to build.