Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink.Michael Dell and private equity house Silver Lake want to take the world's third-largest PC maker private for $24.4 billion, arguing its transformation into a provider of enterprise computing services was best conducted away from public market scrutiny.Reflecting that shift in focus, Dell reported on Thursday that revenue from enterprise solutions, services and software jumped 12 percent to $5.5 billion, while overall revenue slipped 2 percent. Its "end-user computing division," linked to PC sales, slid 9 percent.Icahn and major stakeholder Southeastern Asset Management dismiss Michael Dell's go-private deal as too cheap for a company trying to grow into a true rival to the likes of International Business Machines Corp and Hewlett-Packard Co in enterprise computing. They are proposing new leadership and additional cash or stock for shareholders.
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 fell by 0.15% or $-0.02/share to $13.43. In the past year, the shares have traded as low as $8.69 and as high as $16.61. On average, 32552600 shares of DELL exchange hands on a given day and today's volume is recorded at 13466650.
International Business Machines Corporation (IBM) is an information technology (IT) company. Shares of IBM traded higher by 0.67% or $1.37/share to $204.69. In the past year, the shares have traded as low as $181.85 and as high as $215.90. On average, 4228840 shares of IBM exchange hands on a given day and today's volume is recorded at 4498994.
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