Posted AT 5:05 PM EST on 28/08/08
Dell profit plummets 17%
SAN FRANCISCO — Dell Inc. posted a disappointing drop in quarterly earnings and said spending cutbacks on information technology have spread from the United States to Western Europe and Asia, sending its shares down more than 10 per cent.
“They're saying lower IT spending is spreading. That is evidence of a global slowdown in IT spending. This certainly isn't good news for tech overall.
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