Dell Dings More Than 600 Funds--Again
Will slowing PC revenues dent your fund?
Slowing demand for personal computers hasn't just put a crimp in Dell Computer's (DELL) revenue projections, its nicked its stock, too. By Friday's close, Dell had fallen 18.9% to $23.
Today's warning marks the third time Dell has cautioned investors this year. The last alert came in August, when it reported weaker sales for its July-ending second quarter. Although Dell had been optimistic that its sales would rise towards the end of its third quarter, which ended November 4, "we've not seen demand pick up as expected," said Dell's Chief Financial Officer, James Schneider.
Frank Stanton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.