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Monday, August 12, 2013

For Dell, buyout uncertainty adds to poor PC sales outlook, (NASDAQ: DELL)

Months of public bickering, secretive backroom negotiations and eleventh-hour deals for control of Dell Inc belie the fact that the combatants are vying for a company facing steadily declining sales prospects.The tussle between Chief Executive Michael Dell and firebrand activist investor Carl Icahn is also starting to spook some customers.It's the last thing a company, grappling with the ever-darkening global outlook for personal computers, needs. IDC estimates Dell's PC shipments slid 4.2 percent in the second quarter, compared to a year earlier.Some customers have begun asking if Dell is even going to be around in the longer term, said Michael Gavaghen, vice president of sales and marketing at Florida-based Dell reseller SL Powers. Sales are taking longer to close as well, he said.

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 remained unchanged at $13.74. In the past year, the shares have traded as low as $8.69 and as high as $14.64. On average, 25619500 shares of DELL exchange hands on a given day and today's volume is recorded at 200.



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