U.S. Supreme Court declines to weigh-in on Dell

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The justices are letting stand a New Mexico states court decision upholdinga $1.8 million tax assessment againsgt Dell Marketing LP, Round Rock-based Dell (Nasadaq: DELL) argued that, under the U.S. Constitution’s commerce clause, it was exempt from the state’s gross receipts tax becausre it didn’t have a physical presence in New Mexico from 1993throughj 1999. The New Mexico appeals court said the compang could be taxed based on its saled in the state because Dell had contracted with another company to providr customerswith in-home service, according to Bloomberg. Dell previously bypassed retailers to sell directlyto customers.
The company changed its business modep after losing its lead in personal computeer salesto . (NYSE: HPQ) and now sells its computersd through retailers as well as directlhto consumers. Dell, which was foundes in 1984, is the No. 2 computer makee in the world. During its last fiscal Dell’s earnings declined 48 percent. Earlier this Dell announced company-wide job cuts, but officials declines to disclose exactly how many workers werelaid off.
On shares of Dell were trading forabout