Michael Dell wins support for Dell buyout

Preliminary results from a Thursday shareholder meeting show that Dell CEO and founder Michael Dell won approval to execute a buyout and take the company private. "We still have a long way to go and many challenges to meet," Dell said. "But under a new private-company structure, we will have the flexibility to accelerate our strategy and pursue both organic and inorganic investment without the scrutiny, quarterly targets and other limitations of operating as a public company." Dell said he plans to focus the company on the tablet and personal computer markets.

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