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Dell Leads Other PC Makers Down on Warning

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Dell Computer (DELL) - Get Dell Technologies Inc Class C Report was down 2.2% in early trading after the company said its fourth-quarter results would fall short of expectations. Dell expects earnings of between 18 cents and 19 cents a share, down from its previous estimate of 26 cents and below analysts' expectations of 25 cents. Merrill Lynch responded by cutting Dell's EPS for 2002 to $1.02 from $1.15. Shares of Hewlett-Packard (HWP) , Compaq (CPQ) and IBM (IBM) - Get International Business Machines (IBM) Report were also down on the news.

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