Dell Shares Slump On Fears Of Being Left Behind In PC Market

Shares of Dell Inc. (DELL) slumped Friday as analysts say the company's fiscal third-quarter miss implies the computer giant is being left out of the nascent recovery in the personal-computer market.

Shares were recently down 9.2% to $14.41 as investors focused on Dell's declining market share to rivals Apple Inc. (AAPL) and Hewlett-Packard Co. (HPQ), which is largely because most of the overall growth in tech spending has been led by consumers, a customer type that Dell doesn't focus on as much as its peers.

Overall, Dell's sales to large companies were down 23% from last year and up 4% from last quarter. Sales to public-sector customers, like government agencies, were down 7% from last year and 3% from last quarter. The company also saw its consumer sales decline 10% from last year and 1% from the last quarter.

Read Full Article from Wall Street Journal

- Posted: 2009-11-20 10:53:31

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