Dell Profit Dives as PC Sales Slide
Dell reported a 79 percent slide in profit in the first quarter as personal computer sales continued to shrink.
Dell reported a 79 percent slide in profit in the first quarter as personal computer sales continued to shrink.
Dell's largest independent shareholder has teamed with activist investor Carl Icahn in another challenge to founder Michael Dell's $24.4 billion bid to take company private.
A bidding war for Dell has broken out, pitting founder Michael Dell's plan against offers by Carl Icahn and Blackstone group. And CBS looks to buy half of TV Guide Network.
Dell's board has determined that the bids from buyout specialist Blackstone and Icahn could be superior to a proposal from CEO Michael Dell and Silver Lake Partners.
Michael Dell's attempt to gain more control over his namesake computer company appears to be turning into a financial tug-of-war.
Several potential bidders may be preparing offers to counter the effort by Dell founder Michael Dell to take the company private, from shareholder Southeastern Asset Management to rival computer maker Hewlett-Packard to famed investor Carl Icahn.
Barnes & Noble's Leonard Riggio, Dell's Michael Dell and Best Buy's Richard Schulze each want to save the troubled companies they founded from the pains of publicly traded life. But are their plans powered by sound thinking, or wishful thinking?
Slumping personal computer maker Dell is selling itself for $24.4 billion to its founder and a group of investors that includes Microsoft. It's the largest deal of its kind since the Great Recession dried up financing for risky maneuvers like this.
Shares of Dell climbed in premarket trading Tuesday on reports the personal computer maker is nearing a deal to go private worth up to $24 billion. The transaction is said to involve a group including Microsoft, private equity firm Silver Lake and CEO Michael Dell.
Major corporations are pouring a lot of money into political campaigns this year: The stores you shop in, the shoes you wear, and even the movies you watch may be helping to elect your next president. But which brands, and for which candidate? Take our quiz and find out!
Dell shares opened sharply lower on Wednesday after the PC maker posting disappointing financial results. Sales are soft, margins are contracting, and the outlook is uninspiring.
It's a new day at Apple. The transition from a dynamic leader like Steve Jobs to a new generation at the helm of the iGiant will change the culture. Not in a year, not even in five -- but before you know it, we'll be talking about Apple in the "good old days" back when Jobs ran things.
Computer maker Dell reported better-than-expected earnings of $629 million, or 32 cents per share, excluding charges. A key driver for the gain was rising commercial demand for its enterprise solutions.














