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Dell gives bleak depiction of prospects for PCs in SEC filing

Last Updated: Monday, April 1, 2013 - 17:37

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.

ANI

First Published: Monday, April 1, 2013 - 17:37
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