Dell redefines Internet commerce with huge quarter

Who says you can't make money on the Internet? Computer heavyweight Dell brought home the bacon this quarter, with profits of $346 million on $4.3 billion in sales. Dell, which beat earnings estimates yet again, announced a 2-for-1 stock split after the earnings report went public.

"Our sustained growth and solid performance across all segments and regions continue to underscore the strength and efficiencies of our direct business model," said CEO Michael Dell. "We believe that our performance positions us as No. 1 in profitability, revenue growth and unit growth among major systems companies worldwide."

In other words, look out Compaq: Dell is probably number one now

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