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Dell profit falls 63 percent as PC sales stay soft
Dell said Thursday its fiscal first-quarter profit fell 63 percent as the recession continued to crimp computer sales around the world. The results, coupled with a cautious outlook from the world's top PC seller, Hewlett-Packard, indicate that the computer market has not improved much since last year's economic meltdown led to a holiday season that was the industry's worst stretch in six years.
Hewlett-Packard CEO Mark Hurd, has expressed similar caution. Speaking at an investor conference Thursday, Hurd would not say when he thought the PC market would begin to rebound. That is in contrast to Paul Otellini, the CEO of Intel, the world's biggest supplier of PC microprocessors, who has said sales already appear to have bottomed out and returned to normal seasonal patterns.
Posted by | Fri, May 29, 2009 - 10:34 PM
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