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LIVE: Dell Q2 Sales Huge, Profits Lousy, I.T. Spending Weakness “Extending”

A mixed quarter for Dell: The computer maker reported higher than expected sales, but profits

missed by a long shot. And Dell said conservatism in I.T. spending is spreading beyond the U.S., extending into Western Europe and “several countries in Asia.” Shares dropped 10% in after-hours trading.

Dell laptops continue to sell well — unit sales increased 44% — but revenue only increased 26%, meaning people are buying cheaper computers.

Post Published: 28 August 2008
Author: Nick
Found in section: Technology News

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