Profit Falls as Dell Tries to Grow and Limit Costs

Profit Falls as Dell Tries to Grow and Limit Costs
The computer company has been trying to make a fundamental strategic shift in order to restore its reputation for strong growth and high profit margins

Earnings alert: Dell profit misses estimates
Plus: Novell profit tops Street…Applied Materials tops forecasts…Alcatel outlook weak…Cisco profit climbs…Time Warner lowers earnings target.

Oil tops $102; Dow falls 112
Stocks slump as investors worry that economic growth will be anemic. Financial stocks fall after Fed boss Bernanke says he expects some smaller banks to fail. Dell and AIG earnings disappoint, but Apple jumps more than 6% on hopes for big iPhone sales.

Comments