Dell founder promises to stick with PCs following buyout win

Ending a long and contentious saga, Dell shareholders on Thursday approved the $24.9 billion leveraged buyout of the company by its founder and investment firm Silver Lake Partners, who will take the company private in an effort to carry out a turnaround strategy. Michael Dell says the company will continue to invest in its struggling PC business and push money toward innovating and growing its footprint in emerging markets. Some analysts remained skeptical about the prognosis for a private Dell, with Standard & Poor's warning that the PC maker's ability to invest adequately could be hampered by its new debt burden.

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