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Dell tumbles on technology demand warning
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Written by Danrok   
Tuesday, 16 September 2008 10:31

From The Times:

Shares in Dell, the world’s second-largest personal computer manufacturer, were down 9.84 per cent in mid-morning trading after the company warned of “further softening” in global technology demand.

The warning follows the group’s prediction last month of “continued conservatism” in technology spending in the US,Western Europe and Asia, which came with a surprise 17 per cent fall in second quarter profits.

Yesterday, Dell's rival, Hewlett-Packard, the world’s biggest information technology group, announced plans to cut almost 25,000 jobs as part of its acquisition of Electronic Data Systems in May.

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