Apple Loses Bid for New Trial and 3 Morning Hot Stocks Trading Today
Dell Inc (NASDAQ:DELL): Current Price $13.28
According to a report by Bloomberg, Michael Dell is seeking to beef up his contribution of his 15.7% stake in Dell Inc (NASDAQ:DELL) by adding equity financing of $500 million-$1 billion, which would probably give him majority control in the privatised company. Silver Lake and Microsoft (NASDAQ:MSFT) are said to be chipping in from between $1 billion-$2 billion each. By taking the company out of stock exchange listing, Dell would have a free hand in the positioning or restructuring the company as it grapples with sliding PC sales in the face of a consumer shift to mobile computing.
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