by October 30, 2013 0 comments

With the decline in PC sales globally in past years, as consumers increasingly chose to spend on ever-more powerful smartphones and ultra-light tablet computers, the company has gone for a buyout. The company, briefly the world’s largest PC maker last decade, has seen its shares plummet from a high above $50 during its heyday, in 2000. The buyout was eventually approved at a price of $13.75 per share, plus a 13-cent special dividend. Michael Dell, which started the company from his college dorm room in 1984 and built it into a model of computer production and supply chain management, is now attempting to transform it into a provider of computing services to corporations. He feels such a radical overhaul is best done away from the scrutiny of public markets.

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