Summary Box: Dell profit sinks 23 percent in slumping PC market
By APThursday, August 27, 2009
Summary Box: Dell profit down 23 pct
FINICKY BUYERS: Dell Inc.’s second-quarter profit fell 23 percent as demand for computers remains soft. Sales fell 22 percent.
EXPECTATIONS MATTER: Dell’s profit was higher than Wall Street forecasts, and the stock jumped.
LOOKING AHEAD: Dell warned that its profits will continue to be pressured by “aggressive” pricing and higher component costs, and that business spending on PCs likely won’t pick up until 2010.
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