Dell Profit Declines 5% Amid Computer Sales Slump

Computer maker Dell (DELL) posted a 5% decline in fiscal third quarter profit, suffering from a slump in computer sales around the world. For its third quarter, Round Rock, Texas-based Dell posted net income of $727 million, compared to $766 million in the year earlier third quarter. The computer maker bought back shares during the last year which resulted in its EPS climbing 9% to 37 cents a share. Analysts, according to Thomson First Call had expected Dell to weigh in with earnings of 31 cents a share