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Dell's news rubs markets the wrong way

The company's earnings warning pushes its stock down, along with the broader markets, as investors get another indication of a shaky near-term future for the PC industry.

 

  latest developments 

The company's earnings warning pushes its stock down, along with the broader markets, as investors receive another indication of a shaky near-term future for the PC industry.

"We need to set targets and guidance we know we can hit reliably. That's kind of at the heart of what we've got here."

- Kevin Rollins
Dell vice chairman

 


Dell vows no more surprises for Wall Street
A day after announcing that sales will grow at a slower pace than expected this quarter, company execs say they have learned the market's most merciless lesson: make your numbers.

Dell stock drops on profit warning
update The computer maker's shares slide in response to a profit warning and subsequent analyst downgrades.

Merrill Lynch predicts winners, losers for quarter
The long-term prospects for high-tech continue to look strong, although the current quarter will be disappointing for several companies, Merrill Lynch analysts say.

Parts maker's shares fall on Dell warning
For Singapore's Omni Industries, the PC giant's earnings warning couldn't have come at a worse time.

Enron to offer Dell PCs to 15,000 employees
The world's biggest energy trader plans to buy computers and subsidize high-speed Internet access for up to 15,000 of its full-time employees.

previous coverage
Dell becomes latest to admit revenue is light
update The company says revenues will be lower than expected for its third fiscal quarter, joining a cascade of others in recent weeks admitting that business is not growing like they thought it would.