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Tuesday, February 5, 2013

Michael Dell says turnaround will take time and patience, (NASDAQ: DELL)

Dell Inc's turnaround will take more "time, investment and patience," Chief Executive Michael Dell said in a memo to employees on Tuesday after striking a deal to take the company private. In the memo, a copy of which was obtained by Reuters, Michael Dell also said a privately held Dell Inc would still have the flexibility for acquisitions.

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 0.9% or $0.12/share to $13.39. In the past year, the shares have traded as low as $8.69 and as high as $18.36. On average, 31671900 shares of DELL exchange hands on a given day and today's volume is recorded at 153770560.