Dell Computer

(DELL) - Get Report

fell 8% in preopen

Island

trading after it said weak demand in Europe was pushing third-quarter sales 3% below expectations.

The company said earnings for the period are still on track, although fourth-quarter results could be 1 to 2 cents below company estimates. The

First Call/Thomson Financial

consensus estimate is 28 cents per share for the fourth quarter.

Bear Stearns

cut 2001 and 2002 earnings estimates for the company.