Dell Sees Even Weaker Global Demand

Dell (DELL Quote - Cramer on DELL - Stock Picks)said Tuesday it sees continued softening in global end-user demand in the current quarter.

When the computer maker reported second-quarter results in August, it mentioned conservative information technology spending in the U.S. had extended into western Europe and several countries in Asia.

In a statement Tuesday, Dell said it expects to "incur costs as it realigns its business to improve competitiveness, reduce headcount and invest in infrastructure and acquisitions, but is committed to working aggressively on cost initiatives that will benefit its P&L over time with improved growth, profitability and cash flow."

Dell said it increased unit shipments faster than the industry in the first half of calendar 2008 and expects to grow faster than the industry for the full year.

Reports earlier this month said Dell is trying to sell its computer factories in a bid to remain competitive. Factories the company can't sell could be closed.