Dell Cuts Sales Estimates; Tablets, 'BYOD' Take Toll
Posted on November 16, 2012 at 10:24 AM EST
Dell (DELL) shares fell Friday after the PC maker reported disappointing fiscal Q3 results and forecast continued declining sales amid tablet cannibalization of its core business. Dell has been making acquisitions targeting corporate products and services to offset falling PC sales. In the wake of fiscal Q3 results below expectations, the company's diversification strategy needs to be speeded up, some analysts said. Dell reported profit of 39