SAN FRANCISCO Dell Inc. saw a dramatic shift in demand in emerging markets, particularly in the so-called BRIC countries where the company saw a 15% decline in sales, the company’s Chief Financial Officer Brian Gladden told MarketWatch. “That’s been part of our business that’s been growing double-digits,” he said, adding, “The PC business is in a tough environment.” But Gladden said the company expects to see “good growth” in its enterprise business in the second half. Dell shares were down more than 3% after the company also cut its full-year forecast.
STORY HIGHLIGHTS The blackout that affected 600 million point to India’s infrastructure problems O’Neill: Economic slowdown in India, other BRICs “more important” than EU crisis India’s power supply has strained to keep pace with the growth of the economy O’Neill: “In India, frankly, they need to wake up and deliver some of the talk” — India suffered widespread power outages that plunged half the nation in darkness Tuesday, the second massive power failure in as many days. As many as 600 million people were hit by the blackout, disrupting transportation and business before power returned. The breakdown of the nation’s [...]