PC maker reports fall in profits ahead of takeover bid by founder Michael Dell

Dell sales fall ahead of buyout

The world’s third largest PC maker has reported its Q4 2012 profits were down by 31 per cent on the previous year.

Dell today released what is expected to be its final set of financial results as a public company, which revealed the firm’s drop in profits.

The firm’s revenue fell by 11 per cent to $14.3bn, whilst its profits tumbled 31 per cent to $530m compared to the same period of the previous year.

Despite the fall, which the firm’s is a result of declining consumer business, Dell still exceeded analyst forecasts.

Michael Dell, founder of the PC maker, has offered to buy the business for $24.4bn but faces opposition from other investors in the firm.

Southeastern Asset Management, Dell’s largest independent shareholder has said the offer "grossly undervalues the company", with other investors reportedly unsettled over the deal.

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