Not sure if this is the right area or not, but I know you all would be interested.
Dell stock was down 10% today after 1st quarter earnings fell short due to "overly aggressive pricing." That should read...they were selling shit too cheap.
Here is part of the story from The Wall street Journal.
NEWS AT A GLANCE
Dell loses ground
Dell Inc. shares tumbled this morning after the computer maker warned that its first quarter earnings fell short of its forecast. Dell has been offering discounts of up to 35 percent on some PCs over $999, hoping to win back customers who have defected to Hewlett-Packard and other competitors. "They've been losing customers over service and support issues," said Moors & Cabot analyst Cindy Shaw, "and now they are having to spend to get those customers back." (Bloomberg.com) Dell's share of the U.S. PC market fell in the first quarter to 29.8 percent from 32 percent a year ago.
Dell stock was down 10% today after 1st quarter earnings fell short due to "overly aggressive pricing." That should read...they were selling shit too cheap.
Here is part of the story from The Wall street Journal.
NEWS AT A GLANCE
Dell loses ground
Dell Inc. shares tumbled this morning after the computer maker warned that its first quarter earnings fell short of its forecast. Dell has been offering discounts of up to 35 percent on some PCs over $999, hoping to win back customers who have defected to Hewlett-Packard and other competitors. "They've been losing customers over service and support issues," said Moors & Cabot analyst Cindy Shaw, "and now they are having to spend to get those customers back." (Bloomberg.com) Dell's share of the U.S. PC market fell in the first quarter to 29.8 percent from 32 percent a year ago.