Dell outlook disappoints

City A.M. Reporter
DELL last night warned of a “challenging” second half as customers cut back on computer purchases in anticipation of the launch of Microsoft Windows 8 software late in 2012, sending its shares down three per cent.

The American PC maker said revenues fell eight per cent to $14.5bn (£9.2bn), broadly as expected, but warned that this figure would fall between two to five per cent in the next three months.

Net income fell 18 per cent from a year ago to $732m.