Summary
ROUND ROCK, Texas Dell Inc., the world's largest maker of personal computers, said Monday that price cuts caused first- quarter profit to miss its forecast as revenue growth slowed to the lowest pace in four years. Dell shares dropped 6 percent.
Profit was 33 cents a share compared with a February forecast of 36 cents to 38 cents, Dell said, citing preliminary figures. Sales were $14.2 billion, compared with a predicted $14.2 billion to $14.6 billion.See the full content of this document
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Dell: Price Cuts Caused Profit Shortfall
The results signal that CEO Kevin Rollins is having less succe...
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