News Summary: Dell turnaround takes private road

Published on NewsOK Modified: February 5, 2013 at 9:05 pm •  Published: February 5, 2013
Advertisement
;

GOOD-BYE, WALL STREET: Troubled personal computer maker Dell Inc. is selling itself to its eponymous founder Michael Dell and a group led by investment firm Silver Lake for $24.4 billion. It will end Dell's 25-year history as a publicly traded company.

END OF AN ERA: The sale will open a new chapter for Dell, which was founded in 1984 in a University of Texas dorm room. Initially funded with just $1,000, the company's market value peaked at more than $150 billion in 2000.

PC BLUES: The deal is the latest sign of the tough times in the PC industry as more technology spending flows to smartphones and tablet computers.


Advertisement


Trending Now



AROUND THE WEB

  1. 1
    Obama statement on immigration sets stage for executive action | WashingtonExaminer.com
  2. 2
    Louisiana House votes to keep unconstitutional anti-sodomy law on the books
  3. 3
    This Awesome Interactive Map Shows The Most Popular Music in America | TIME
  4. 4
    Senate clears path for corporate tax giveaways
  5. 5
    KFC brings back the Double Down
+ show more