Dell a Downer Going Into Holiday Weekend

Courtesy DaniWeb IT Discussion Community (Featured Entries)  Fri, 08/29/2008 - 13:30

In the words of the immortal Chris Farley . . . “Holy Shnikey’s!” That was my reaction after watching Dell’s stock tank after what pundits are billing as an “underwhelming” second quarter earnings performance.

Investors seemed to agree on Thursday, as Dell stock fell 13% to under $22 per share (off its 2008 high of $30 per share).

Perhaps the most worrisome sign from Dell was its pronouncement that worldwide wide technology spending was veering downward for the rest of...

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