“Dell is in talks with several private equity firms to go private, according to Bloomberg News.
The stock is up 14% on the news.
Bloomberg tweets: “several large banks have already been contacted about financing an offer.”
Dell had an awful Q3, when it missed analysts’ expectations of $13.9 billion in revenues and $0.40 in earnings per share. The actual numbers: $13.7 billion in revenue and $0.39 in EPS.
Dell is suffering from a decline in consumer interest in PCs.
PC sales were down almost 5% during the holidays, according to Gartner….”
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