Dell HP shares fall as technology spending fades

Dell shares tumbled 10.13% in Wednesday, when the company's technology spending in Europe and the United States was bleak, and in Wednesday, both HP and Dell fell in the early morning News of August 18.　　Earlier, investors hoped that hardware upgrades would rebound to offset the weakness of the consumer-sector market, but hope failed. Dell's shares tumbled 10.13% per cent today after Dell slashed its full-year revenue forecasts yesterday.　　HP's shares fell more than 4% per cent, and Hewlett-Packard will report earnings after the Thursday close.　　Cisco, which relies heavily on corporate clients, fell 0.94% to $15.85.　　Amit Yanani Amit Daryanani, an analyst at the Royal Bank of Canada, said investors were wary about whether the market would get worse.　　Royal Bank of Canada has set Dell's target share price from $20 to $17 to maintain a "flat with the market" (sector perform) rating.　　Bank of America Merrill Lynch is expected to benefit from a corporate recovery by raising Dell's target share price from $18 to $18.50 to maintain a "buy" rating.　　In the second quarter, HP cut its full-year earnings forecasts, saying it needed to invest heavily in recruiting and expanding its business sector. Dell's shares fell to $14.20 in the Wednesday afternoon Nasdaq deal. (New Tie)