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Dell's Disappointing Quarter

The computer maker misses analysts' expectations and blames turnaround costs and "conservative" customer spending
Dell founder and chief executive, Michael Dell.
Dell founder and chief executive, Michael Dell. Getty Images

Any hope that Dell (DELL) might be shielded from the U.S. economic slump was largely dashed on Feb. 28 after the computer maker reported fiscal fourth-quarter results that missed analysts' expectations.

The company reported an unexpected drop in per-share earnings and sales that missed consensus estimates by more than a quarter of a billion dollars. The stock fell in extended trading, after the figures were released.