Dell expects second-quarter revenue below estimate

Dell Inc. said on Friday it expects second-quarter revenue to be about 14 billion U.S. dollars, below the average analyst estimate of 14.23 billion dollars.

The world's largest computer maker attributed the setback mainly to aggressive price cuts in a slowing worldwide commercial market.

Dell's shares, suffering their biggest daily decline in nearly six years, lost 13 percent to 19.30 dollars in early Friday's trading on the Nasdaq Stock Market.

The stock has now fallen more than 30 percent so far this year and is trading at its lowest level in five years.

Source: Xinhua