The personal computer market has been getting weaker and weaker, and nothing currently is more telling of that fact than Blackstone Group LP giving up on acquiring Dell. In a letter by Blackstone, they cite the company's "rapidly eroding financial profile" and the global drop in PC sales where people would wait longer to buy computers when tablets and smartphones are taking the priority.
Another major bidder, Michael Dell- founder and CEO of the company, has offered to buy the company out and take it private. Even with his continued faith in the company, he seemed to agree that the PC market was weak, saying he'd diversify into niches like data storage, business software and consulting. His focus would no longer be on maintaining stock price or trying to hold up a receding market.
Another major bidder, Michael Dell- founder and CEO of the company, has offered to buy the company out and take it private. Even with his continued faith in the company, he seemed to agree that the PC market was weak, saying he'd diversify into niches like data storage, business software and consulting. His focus would no longer be on maintaining stock price or trying to hold up a receding market.
