Dell Inc. (DELL) issues a bleak warning that quarterly earnings would fall about 30 percent short of forecasts because of a slowdown in the computer market, driving stock to a nearly five-year low, according to this MSNBC.com article.
Shares of the world’s biggest personal computer maker fell 12 percent after it issued the disappointing outlook, which it blamed on discounting in a softening market for computers. The result, it said, would be second-quarter earnings of 21 cents to 23 cents a share on revenue of about $14 billion.
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