Dell 8-K Regulation FD Disclosure

Exhibit 12.1

DELL INC. - RATIO OF EARNINGS TO FIXED CHARGES

	Three Months Ended		Fiscal Year Ended
			January 30,		February 1,		February 2,		February 3,		January 28,
	May 1, 2009		2009		2008		2007		2006		2005
	(in millions, except ratio)
Earningsa
Pre-tax income from continuing operations	$	412	$	3,324	$	3,827	$	3,345	$	4,608	$	4,403
Add: fixed charges adjusted for capitalized interest		37		132		84		71		52		35
Add: minority interest		—		—		29		23		27		17
TOTAL EARNINGS	$	449	$	3,456	$	3,940	$	3,439	$	4,687	$	4,455
Fixed Chargesb
Interest expense	$	29	$	93	$	45	$	45	$	29	$	15
Capitalized interest		—		—		—		—		—		—
Estimate of interest in rent expense		8		39		39		26		23		20
TOTAL FIXED CHARGES	$	37	$	132	$	84	$	71	$	52	$	35
RATIO OF EARNINGS TO FIXED CHARGES		12		26		47		49		90		128
(a)      Earnings means the amounts resulting from the following: (a) our pre-tax income from continuing operations, plus (b) our fixed charges adjusted for capitalized interest but including amortization of capitalized interest, plus (c) our minority interests (b)      Fixed charges means the amounts resulting from the following: (a) our interest expensed, plus (b) our interest capitalized, plus (c) a reasonable estimation of the interest factor included in rental expense.
Total rental expense		24		116		118		78		70		60
Interest factor - one-third of rental expense		8		39		39		26		23		20