Dell Inc. warned that it will miss its forecast for quarterly profits and barely match its lowest estimate for revenue. Dell now expects revenue of US$14.2 billion; its original estimate was $14.2 billion to $14.6 billion. The company attributed the shortfall to a decision to cut prices to boost market share. That strategy will produce a revenue dip in the second half of the first quarter but generate strong growth in the future, Dell said.

AOL to cut 1,300 call center jobs

AOL LLC, facing increased competition and a maturing online audience, will lay off 1,300 workers at AOL customer service call centers in Arizona, Utah and Florida. The company said it will close its 10-year-old First Coast Tech Parkway customer support facility in Jacksonville, Fla.; jobs will also be cut at call centers in Tucson, Ariz., and Ogden, Utah.

Symantec's profits fall in first quarter

Nearly a year after its acquisition of Veritas Software, Symantec Corp. continues to struggle to find a way to boost profits. Its first-quarter earnings declined slightly but did beat Wall Street's expectations.