Today's Hard|Forum Post
Today's Hard|Forum Post

Friday August 16, 2013

Dell's Profit Plummets Amid Buyout Brawl

If things keep going like this, Dell's buy-back offer is going to start looking pretty damn sweet to those investors holding out for more money.

Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral.