Dell Computer Corp. turned in another stellar performance in its Jan. 29 quarter, with worldwide revenue rising 38% from the previous year, to $5.2 billion. But not stellar enough. Anticipating the results, investors marked down the value of the company on Feb. 12 by 12%, to a mere $123 billion. They are used to better numbers than that. During this decade Dell has been compounding its rev- enue at a 55% annual rate. A mere 38% growth would suggest a turning point. The great growth engine may be losing steam.
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