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Continued: Dell's founder increases offer to buy company, shareholder meeting again delayed

  • Article by: BREE FOWLER , AP Business Writer
  • Last update: July 24, 2013 - 6:50 PM

Michael Dell believes he can turn around the company by spending heavily to build better tablets while also diversifying into more profitable areas of technology, such as business software, data storage and consulting. But making those changes are likely to be tumultuous and temporarily lower Dell's earnings, an upheaval that Michael Dell contends will be more tolerable if the company no longer has to answer to other shareholders.

Dell's board says it wants to sell to Michael Dell because it believes waiting for an uncertain turnaround is too risky. If the current deal unravels, analysts believe Dell's stock could plunge below $9, reverting back to its levels of late last year.

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  • Dell again delayed a shareholder vote on a proposal to take the company private. 2013 file photo of the company's headquarters near Austin, Texas.

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