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Dell's board deals blow to CEO's $24.4B buyout bid

Dell's board rejected CEO Michael Dell's attempt to change the voting rules for his bid to buy the slumping personal computer maker, a decision that is likely to doom the deal.

Gartner, IDC: 2Q PC shipments fell 11 percent

Worldwide shipments of personal computers fell 11 percent in the April-June period, according to data from research firms Gartner and IDC, as people continued to migrate to tablets and other mobile devices.

Icahn to seek court appraisal of $24.4B Dell deal

Billionaire investor Carl Icahn will ask a judge to assess the fairness of a proposed $24.4 billion acquisition of struggling personal computer maker Dell in his latest attempt to wrangle a higher price from a group of buyers ...

ARM chip makers set to reach 3GHz next year

(Phys.org) —ARM chip makers TSMC and GlobalFoundries have revealed that they plan to release ARM processor chips capable of running at 3GHz sometime next year. Such chips will almost certainly be welcomed with open arms ...

Lenovo marks first US manufacturing plant

Three business reasons—quicker, closer and custom—prompted computer maker Lenovo Group to open its first U.S. manufacturing operation in North Carolina instead of low-cost foreign locations like Mexico or China, its North ...

Dell: Investors offer short by $3.9B

Dell says a buyout offer from shareholder Southeastern and billionaire investor Carl Icahn is about $3.9 billion short of the amount needed to pay shareholders as promised and operate the business.

Dell trimmed CEO's pay by 14 pct amid PC slump

Dell Inc. trimmed CEO Michael Dell's pay by 14 percent to $13.9 million last year amid a slump that culminated in a proposed $24.4 billion deal that could end the personal computer maker's 25-year history as a publicly traded ...

Lenovo says quarterly profit up 90 percent

Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded.

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