Dell Profits Disappoint, Stock Slumps 8.1%
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Dell Inc., the world’s second-biggest personal-computer maker, posted profit that disappointed investors after orders from American consumers declined, pushing the stock down 8.1%.
American home PC purchases slumped 6% in the third quarter, signaling the company’s chief executive officer, Michael Dell, needs more time to woo back shoppers with the retail partnerships he struck this year. Yesterday Dell said it will incur more costs to revamp the operations and cut jobs.
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