Dell gives bleak depiction of prospects for PCs in SEC filing
Washington: PC maker Dell has given a bleak depiction of its prospects in a recent US Securities and Exchange Commission filing, a report has said.
In a 274-page filing, the firm indicated market and product challenges on several fronts.
Dell made a case for accepting a 24.4 billion dollars offer to go private so it can be in a better position to deal with the myriad challenges facing the company.
According to the filing those included "the deteriorating outlook for the PC market as a result of, among other things, smartphones and tablets cannibalizing PC sales," CNET reports.
The SEC filing cited "the uncertain adoption of the Windows 8 operating system" at several meetings, including one in December 2012.
It also cited a presentation made by Michael Dell in December of 2012 to the Board "in which he expressed his conviction that a going private transaction was the best course for the Company and its unaffiliated stockholders," the report said.