Dell's profit dives as billionaire battle rages on

SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink. Michael Dell and private equity house Silver Lake want to take the world's third-largest PC maker private for $24.4 billion, arguing its transformation into a provider of enterprise computing services was best conducted away from public market scrutiny. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/dells-profit-slides-79-percent-seeks-private-201228218.html