Computer manufacturer Dell has issued a profit warning to analyts saying it will miss 4th quarter targets because of weak demand for personal computers. Dell, which employs 6000 at plants in Bray and Limerick, saw its shares fall as much as $3.13 to $22.50 in early trade on the Nasdaq.
Dell follows industry colleagues Gateway and Apple in missing fourth quarter targets and the move will prompt further fears that it will be forced to shed jobs in its Irish operations.
A Dell spokesman said aggressive price cutting meant the company was increasing market share, but that demand was softer and economic conditions were affecting profit margins.
