Buyout battle, stagnant sales hit Dell's bottom line in Q2

The ongoing turmoil surrounding a proposed buyout by its founder and the continued decline in PC sales took a toll on Dell in the second quarter, as it saw profits drop 72% on stagnant sales. Michael Dell is aggressively pursuing a $25 billion buyout plan to take the company private, and some analysts say the Q2 results could bolster his claim that his proposal is the best way to reinvigorate the ailing company.

View Full Article in:

Reuters · Wall Street Journal (tiered subscription model), The

Published in Brief: