Getting your player ready...
Dell Inc. said Thursday its fiscal first-quarter profit fell 63 percent as the recession continued to crimp computer sales around the world.
The results, coupled with a cautious outlook from the world’s top PC seller, Hew lett-Packard Co., indicate that the computer market has not improved much since last year’s economic meltdown led to a holiday season that was the industry’s worst stretch in six years.
Dell’s earnings for the three months that ended May 1 sank to $290 million, or 15 cents per share, from $784 million, or 38 cents per share, in the same period last year.
