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Dell's Profits Plummet by 18% as PC Sales Slump

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The Guardian: For its second fiscal quarter, Dell report that net income fell 18.5 percent and revenue was down 7.5 percent. The company also warned that its third quarter results would be worse than previously expected, down 2 to 5 percent.

Much of the blame for the poor quarter fell on the company's sluggish PC sales. In fact, consumer PC revenue was the lowest in five years--$2.6 billion. In addition, Dell's Global Large Enterprise division experienced a 1 percent drop in revenue and a 3 percent decrease in income.

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