Dell founder promises to stick with PCs following buyout win

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 expanding 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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