Dell's in the Doldrums: Tech Weekly

NEW YORK (TheStreet) -- Earnings season is winding down, with a few notable names reporting this week. Dell (DELL) offered a bleak tone, while Cisco (CSCO) was slightly more upbeat on the state of its business.

The Round Rock, Texas-based PC maker reported adjusted third-quarter earnings of 39 cents a share, missing the Thomson Reuters analyst consensus of 40 cents.

Dell's revenue for the quarter was $13.7 billion, 11% lower than the year-earlier quarter and short of the $13.89 billion analysts polled by Thomson Reuters were expecting. The top line was pressured by falling desktop and mobility revenue.

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Dell is in the process of turning itself around, as it becomes less PC-centric, but the process is taking longer than expected.

Shares of Dell lost 5.9% over the course of the week to close at $8.84.

Cisco, on the other hand, beat Wall Street expectations, and sounded upbeat during its conference call relative to expectations.