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Dell sees weaker global IT demand; shares dive

Last updated: 2008-09-16

Dell sees weaker global IT demand; shares dive
2008-09-16

Company
Dell Inc
Source
(AP)
ROUND ROCK, Texas - Shares of Dell Inc. tumbled 10 percent Tuesday after the computer maker said it is seeing "further softening" in demand for information technology products around the world.
The company had already said last month that it noticed "continued conservatism" in IT spending in the U.S., and now this has extended into Western Europe and parts of Asia.
Dell said it expects to incur expenses as it realigns its business to be more competitive, cut jobs and invest in infrastructure and acquisitions.
The stock fell $1.82 to $16.17 in morning trading.

Dell Inc
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