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Monday, January 14, 2013

Dell in talks to go private -Bloomberg, (NASDAQ: DELL)

Dell Inc is in talks with private equity firms to go private, Bloomberg reported on Monday, sending the personal computer maker's shares soaring 15 percent.The PC maker, which has steadily ceded market share to larger rival Hewlett Packard and China's Lenovo , is talking with at least two private equity firms, Bloomberg cited two people with knowledge of the matter as saying.Dell was not immediately available for comment.Like HP and Lenovo, Dell is grappling with dwindling demand for traditional desktop and laptop computers with the advent of tablets like Apple Inc's iPad. Sales of PCs over the holidays slid for the first time in more than five years, according to industry researcher IDC.

Dell Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL traded higher by 12.59% or $1.37/share to $12.25. In the past year, the shares have traded as low as $8.69 and as high as $18.36. On average, 21954700 shares of DELL exchange hands on a given day and today's volume is recorded at 68188144.