Skip to main content

Prudential Cuts Revenue Forecast For IBM, Dell

The PC sector is coming under fire this morning.

Prudential Securities

has cut revenue estimates on PC makers

IBM

(IBM) - Get International Business Machines Corporation Report

and

Scroll to Continue

TheStreet Recommends

Dell

(DELL) - Get Dell Technologies Inc. Class C Report

citing weakness in PC sales.

Prudential cut fourth-quarter revenue estimates for IBM to $24.5 billion from $25.3 billion. IBM was lower in preopen trading, with shares lately down $2.69, or 3.2%, to $82 on 35,300 shares traded on

Instinet

. Pru trimmed its revenue estimates for Dell to $8.29 billion for the quarter from a previous estimate of $8.38 billion. Dell was the most actively traded stock in preopen Instinet trading, losing 25 cents, or 1.4%, to $17.75 on 51,000 shares.