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Dell results disappoint Street, shares dive

yahoo.com (2 years and 2 months ago)

May 22, 2012

SAN FRANCISCO (Reuters) - Dell Inc's quarterly revenue fell more than Wall Street's expectations, hurt by weak sales to consumers, large enterprises and government units. Shares of the world's No. 3 maker of personal computers fell almost 8 percent to $13.90, from a close of $15.08 on Nasdaq. PC makers have struggled with slowing demand as mobile devices such as Apple Inc's iPad erode market share. Dell said revenue in its fiscal first quarter... full story

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