Dell Lower on Forecast

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Dell Computer (DELL) - Get Report was down 1.7% in preopen Island trading, after Prudential Securities lowered its fourth-quarter revenue forecast for the PC maker to $8.29 billion from $8.38 billion due to concerns that demand is slackening and pricing pressure is increasing.

Prudential also cut its 2002 earnings estimate for Dell to $1.06 per share from $1.12.