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.The disappointing results lend weight to Michael Dell's effort. The man who started Dell from a college dorm room wants to take the world's No.3 PC maker private for $24.4 billion, arguing that its transformation into a provider of enterprise computing services, from mainly a computer maker in a shrinking market, is best done away from public scrutiny.Reflecting that shift in focus, Dell said 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.To augment its enterprise business and go head-to-head with more established players like International Business Machines Corp and Hewlett-Packard Co, Dell is investing heavily on research and sales to retain customers.
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 13502427.
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 4506972.
Source
