Dell is not having a good quarter it seems, with lower earnings than expected and now a $700 Million contract being tanked. Based around Philips Electronics, one of the most popular producers of consumer electronics, it encompassed hardware and support from Dell in over 60 countries for Philips, but has been cancelled. The article brings up a slowing of growth in the PC market, which has implications for all PC retailers, but Dell as a company is confident that it is a temporary setback.

But the fortunes of Dell, the top PC vendor in the world, signal that the rest of the industry could follow. According to IDC, global PC growth will slow to 10.5 percent in 2006, down from about 15 percent in 2005
Looks like a bit of hot water for Dell.