Aug 27 2009
Dell posts sharpest stock drop
DELL Inc., whose ranking in the global personal-computer market slipped last quarter, had its biggest drop in almost a year in Nasdaq trading after reporting earnings that missed analysts’ estimates.
The company reported a 54-percent drop in third-quarter net income to $337 million, or 17 cents a share, as sales slid 15 percent to $12.9 billion. [...]