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Thursday, 18 August 2011 - Dell forecasts weaker sales
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      Advertisement Dell forecasts weaker sales Source: (AHN) Reporter: Diane Alter Location: New York, NY, United States Published: August 17, 2011 02:54 pm EDT Topics: Economy, Business And Finance, Company Information, Earnings Forecast, Science And Technology, IT/computer Sciences Dell, the second largest personal computer maker, predicted weak sales growth on Tuesday after the closing bell. The company's stock fell 10 percent in after-hours trading and was down over 7 percent Wednesday, dragged technology shares and the market lower. The computer company blamed the wary consumer and slower computer technology spending. While Dell's second quarter profit surged from the same period a year ago, the stock got battered after the company lowered its full year revenue growth outlook. Dell expects revenue for the third quarter to be relatively flat. Just before 3 p.m. on Wednesday, Dell was trading at $14.15, off 1.65. The Dow Jones Industrial Average was off about 50 points. 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