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Dell's Q2 Net Profit Halved 

8/18/2006 11:19:00 AM Eastern

Dell’s tough week continued today with the company posting a second quarter net profit that was half of what the it earned during the same period last year and also that it is being investigated by the Securities and Exchange Commission.

Dell’s second quarter profit was $502 million, down from the $1.02 billion made during the same period in 2005, on sales that rose 5 percent to $14.1 billion. Dell CEO Kevin Rollins pointed to overly aggressive pricing and a slowing PC market for the profit fall off.

Rollins did not give any details on the SEC investigation other then to say Dell is cooperating. The SEC began looking at Dell in August 2005.

Earlier this week Dell decided to recall 4.1 million notebook computer batteries, made by Sony, because of several incidents where the batteries overheated causing a fire.

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