Dell down because of slashed prices

After reporting second-quarter sales that missed analysts' estimates, computer maker Dell has indicated that revenue will fall short again this quarter.

13th August, 2005

After reporting second-quarter sales that missed analysts' estimates, computer maker Dell has indicated that revenue will fall short again this quarter.

That is because the company has slashed computer prices to win market share. Sales at Dell rose 15 per cent to $13.4 billion (€10.7 billion) in the quarter ended July 29, $200 million (€160 million) short of the company's lowest forecast.

Net income rose 28 per cent to $1.02 billion (e0.82 billion), or 41 cents a share, from...

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