“Late yesterday, Dell reported second-quarter results that show profit fell almost in half. The company earned $502 million, or 22 cents per share, on $14.09 billion in revenue. A year ago it earned $1.02 billion, or 41 cents per share, on $13.43 billion in revenue,” Ed Stenson reports for Schaeffer’s Investment Research.

Full article here.

“Dell Inc. (DELL : $20.70, -2.10, -9.2% ) saw its shares fall as much as 9%, to $20.74 Friday… Dell also said it has been under informal investigation by the Securities and Exchange Commission since August 2005 over past accounting practices. Goldman Sachs analyst Laura Conigliaro cut her rating on Dell’s stock to sell from neutal on the grounds that the company is likely to perform weakly compared to its main rivals over the next several months,” Rex Crum reports for MarketWatch.

Full article here.

MacDailyNews Take: We will dance on Dell’s grave.

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