Dell Computer

(DELL) - Get Report

was down 6% in preopen

Island

trading. After the close, the PC company posted fourth-quarter earnings of 18 cents per share excluding a charge, missing the lowered

First Call/Thomson Financial

estimate of 19 cents but up from the year-earlier 15 cents.

But Dell said revenue rose 28%, beating the Street's consensus. The report followed an announcement that Dell will cut 1,700 jobs. Dell said it would continue its strategy of cutting prices to build market share.