Exhibit 12.1

DELL INC — RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio)

	Q2FY 2009		FY 2008		FY 2007		FY 2006		FY 2005		FY 2004
Earnings1
Pre-tax income (loss) from continuing operations		1718		3440		3070		4382		4206		3525
Add: Fixed Charges less capitalized interest		58		84		71		52		35		39
Add: Investment and Other Income		143		387		275		226		197		186
Add: Minority Interest		0		29		23		27		17		4
TOTAL EARNINGS		1919		3940		3439		4687		4455		3754
Fixed Charges2
Interest Expense		38		45		45		29		15		14
Capitalized interest		0		0		0		0		0		0
Estimate of interest in rent expense		20		39		26		23		20		25
TOTAL FIXED CHARGES		58		84		71		52		35		39
RATIO OF EARNINGS TO FIXED CHARGES		33		47		49		90		128		96

1	Earnings means the amounts resulting from the following: (a) our operating income, plus (b) our fixed charges less capitalized interest, plus (c) investment and other income, plus (d) our minority interests in the income of subsidiaries
2	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	61	118	78	70	60	76
Interest factor — one-third of rental expense	20	39	26	23	20	25