Dell: PC market finding its low point

July 14, 2009 8:38:07 AM PDT
Dell Inc. says the U.S. personal computer market has reached its low point. But the timing of a global turnaround in the technology industry remains anyone's guess. At a meeting with Wall Street analysts, the company elaborated on guidance it issued Monday, when it said it expects slightly stronger sales in the current quarter. Despite these signs of improvement, Dell executives said Tuesday that many of the conditions that have hurt the PC industry aren't easing.

Businesses have clamped down on technology purchases and put off new computers as the economic crisis persists. And consumers - the ones who are buying new computers at all - are choosing cheaper models.

Dell shares plummeted nearly 8 percent in morning trading.

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