Investor Dumps Dell After Record PC Downturn

X

The future for Dell remains uncertain as PC buyers move to new technology and consumer electronics brands.

Over the weekend venture capital company Blackstone said that they were no longer interested in buying into the struggling company after spending the last few weeks inspecting Dell’s books.

Blackstone was expected to make a $24.4m bid for the Company but shortly after quarterly PC sales numbers came out that showed a 14 percent market decline in PC volume in the first quarter of 2013, its steepest drop in history the company announced that the deal was off.

Carl Icahn remains the only rival to Silver Lake and Michael Dell’s plan to privatise the company.

In a letter sent to Dell’s board, Blackstone cited “an unprecedented 14 percent market decline in PC volume in the first quarter of 2013, its steepest drop in history, and inconsistent with management’s projections for modest industry growth.”
SPORT TW Banner Conversion EN 728x90 1x Investor Dumps Dell After Record PC Downturn
Uniden PRO 728 x 90 Investor Dumps Dell After Record PC Downturn
gtv r3 728x90 px Investor Dumps Dell After Record PC Downturn
728x90  Investor Dumps Dell After Record PC Downturn
Aspire Vero Banner Intel CCF 728x90 Investor Dumps Dell After Record PC Downturn
Leaderboard 728x90 Investor Dumps Dell After Record PC Downturn
4Square clarity ad 1 Investor Dumps Dell After Record PC Downturn
2 1 Investor Dumps Dell After Record PC Downturn
BlueAnt PumpAirLite WebBanners 728x90 Investor Dumps Dell After Record PC Downturn
211112 4Square Banner Narrow TWE3B 2 Investor Dumps Dell After Record PC Downturn


YOU MAY ALSO LIKE