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Dell profits plunge on PC woes

US computer giant Dell said Thursday its quarterly profit plunged 79 percent from a year ago, as a shift away from PCs hammered the company's bottom line.US computer giant Dell said Thursday its quarterly profit plunged 79 percent from a year ago, as a shift away from PCs hammered the company's bottom line. The net profit for the first fiscal quarter slumped to $130 million, as the Texas-based group was studying a plan to go private to restructure in the face of a shifting technology landscape.