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Dell share price drops following poor results

  • Dell has forecast disappointing second-quarter revenue due to a decrease in U.S. and European corporate tech spending and personal computer sales.

    Shares in the company plummeted more than 11 percent in after hours trade.

    The world's number three PC maker forecast a 2 to 4 percent revenue gain this fiscal quarter, to $14.7 billion to $15 billion, below Wall Street's expectations.

    Its consumer revenue slipped 12 percent to $3 billion while sales to large corporations declined 3 percent to $4.4 billion.