After Dell?s third-quarter revenue slipped down 6.6 per cent to $29.76 on Nasdaq, financial forecasters say best days of Dell are history.
New York:The best days of personal computer maker Dell Inc. may be behind it, financial weekly newspaper Barron's Inc. wrote in its November 7 edition.
Following the news that the company on November 1 had lowered its third-quarter revenue forecast, the paper noted, "Dell's revenue growth has now slowed for seven quarters in a row."
The Round Rock, Texas-based company's shares closed on Friday at $29.76 on Nasdaq, down 6.6 per cent from a $31.88 close the day before it cut its revenue target.
"If Dell's revenue fails to grow faster, and certainly if the company continues to miss earnings targets, it will be time to admit that Dell is past its best," Barron's said.
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