In late August, when Dell reported a 17 percent drop in second quarter earnings, it said the "continued conservatism" for IT products in the US had spread to Western Europe and several Asian countries.

Dell financial director Brian Gladden, in a conference call with analysts Tuesday, explained "the places where things have slowed down the most have not snapped back in September."

But despite the lull in overall demand, the company says it gained market shares in all product lines and in all regions of the world in the first half of the year.

"We still intend to gain shares, and that will depend on what the underlying market growth," said Gladden.

While sales in the US have generally been good, European sales are weak, especially those in Britain and southern Europe, Gladden said. He added the company will work on returning European business to profitability over the next two quarters.

Gladden confirmed Dell's intentions, announced last month, to try to rein in manufacturing costs by selling some plants, without going into details.

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