Dell Computer

(DELL) - Get Report

fell 6.9% in early trading after striking a new low of $25.50. The company said that weak demand in Europe was depressing third-quarter sales, although earnings for the period are still on track.

Fourth-quarter results, however, could be 1 to 2 cents below company estimates.

Bear Stearns


Lehman Brothers

lowered earnings estimates for the company while

Sanford C. Bernstein

maintained its market perform rating. Other PC stocks were lower.



was down 4% and the

Box Maker Index


was off 1.9%.