Dell results disappoint Street, shares dive
SAN FRANCISCO (Reuters) - Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech spending weakens and consumer personal computer sales continue to shrink, hammering its shares. Shares in the company, which like rival Hewlett-Packard Co is losing market share to mobile devices such as Apple Inc's iPad, dived more than 11 percent in after hours trade. The world's No. 3 PC maker forecast a 2 to 4 percent revenue gain this fiscal quarter, to $14.7 billion to $15 billion, well short of the $15.4 billion Wall Street had been expecting. ...
News Summary: Online TV startup partial victory THE VERDICT: Aereo, a startup that takes live TV broadcasts and sends them to mobile devices, has won a partial victory in court over the media companies that are suing it. Watch: Apple-Samsung Feud Court orders CEOs from Apple, Samsung, to meeting to discuss patent dispute.
  Follow the Kentucky and Arkansas Primaries on Social Media Mitt Romney still hasn't crossed the threshold to have locked up the Republican nomination for president, even though he's more than 800 delegates ahead of his nearest rival, Ron Paul. Thus, the primaries continue on. Tuesday night is election night in Kentucky and Arkansas -- and social media will be ablaze with tweets, twitpics and video from the night's voting action. Watch: TechBytes 5.17.12 Google introduces their new "knowledge graph" search function.
  Dell 1Q profit, 2Q outlook miss estimates Shares of Dell Inc. fell sharply in aftermarket trading Tuesday after the computer maker posted disappointing first-quarter results and forecast weak sales in its fiscal second quarter.
|