Tech

The computer maker tumbled 8.1% to 11.97 after DELL executives said the U.S. Personal Computer market has hit its low point but the timing of a tech turnaround remains anyone's guess. Chief Executive, Michael Dell said at a meeting with analysts that customers aren't replacing their PCs, but he sees more replacements in '10 as Microsoft MSFT launches Windows 7. CFO Brian Gladden said U.S. sales are "finding a bottom" but are "not necessarily getting a lot better." On Mon., Dell predicted lower gross margins in Q2 but a slight sales gain vs. Q1.

Intel (INTC) on Tuesday reported second-quarter results that beat views by a wide margin, helped by strong sales of its Atom chip.