Dell suffers catastrophic profit fall

From TG Daily -

Dell's latest quarterly results showed a 63% drop in profit, and a 23% fall in revenues. It turned in profits of $290 million on sales of $12.34 billion for the quarter, compared to $784 million on sales of $16.08 billion in the same period a year back.

It reported that there was no improvement in demand across the board, with sales of notebooks, desktops and servers all sliding. Notebook sales fell by 20 percent, year on year.