Dell 2Q profit drops 17 percent and stock plunges
August 28th, 2008 in Technology / Business
Boxes containing Dell computers are stacked on an upper shelf of a Best Buy store in Seekonk, Mass., Aug. 16, 2008. Computer maker Dell Inc. says its fiscal second-quarter profit fell 17 percent Thursday, Aug. 28, 2008. Restructuring charges were partly to blame. (AP Photo/Stew Milne)
(AP) -- Computer maker Dell Inc. said Thursday its fiscal second-quarter profit fell 17 percent, hurt in part by PC price cuts. Both earnings and margins fell short of Wall Street estimates, and Dell shares plunged.
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