Vladimír Urbánek (Kurzy.cz)
World markets  |  April 19, 2013 11:13:03

Blackstone backed out of concern for Dell because of the decline in PC sales


The world's leading investment with Blackstone, who previously ran the competing offer to gain control over the company Dell has announced that since its intention to enter into this company waived. The main reason is a markedly negative trends in global PC sales. Those in Q1 this year fell to a new historic minimum. Blackstone also said that a closer examination of the financial statements, reports emerged that somewhat insecure faith Blackstone regarding Dell's ability to deal with current problems. According to some analysts, Dell is now facing falling prices of the PC market, a drop in margins and a weaker cash flow, which is all rather discouraging a potential acquisition of control.

Dell's operating margin in the fourth fiscal quarter ending in January this year dropped from 5.81 to 4.88%. Cash-flow dropped from 1.84 to 1.44 mld.USD. Revenues declined by 11% to 14.3 mld.USD.
World PC sales in Q1 this year fell by 14% year on year to 76.3 million facility, which was almost twofold decrease compared to market expectations. This decrease was the highest since monitoring data in 1994.

Blackstone offered for the takeover of $ 14.25 per share. Billionaire Carl Icahn, who is also applied on Dell offers $ 15 per share, the company founder Michael Dell, along with the investment firm Silver Lake offers shareholders $ 13.95 per share.

Vyjídření other candidates to withdraw Blackstone was not yet available.
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Blackstone vycouvala ze zájmu o Dell kvůli propadu PC prodejů

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