Joined Nov 11, 2007
31,929 Blog Posts

Dell Is In Talks To Go Private

“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….”

Read more

If you enjoy the content at iBankCoin, please follow us on Twitter