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Dell Drops After Sluggish Consumer Spending Weighs on Sales

Dell Inc., the second-largest personal-computer maker, fell the most in almost three years on the Nasdaq Stock Market after slower spending on PCs and consumer technology crimped its sales forecast.

The company projected sales growth of 1 percent to 5 percent this year, down from a previous range of 5 percent to 9 percent. Second-quarter sales rose less than 1 percent to $15.7 billion, Round Rock, Texas-based Dell said yesterday. Analysts had estimated revenue of $15.8 billion in the period, which ended July 29, according to Bloomberg data.