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Jul 24, 2013

Crunch time for Michael Dell’s buyout deal

ROUND ROCK, Texas, July 24 (Reuters) – Dell Inc
shareholders converge again in Texas on Wednesday to vote on CEO
Michael Dell’s $24.4 billion buyout offer, after a previous
meeting was pushed back a week to buy time to convert investors
on the fence about the landmark deal.

A meeting was called last week at Dell’s headquarters on the
outskirts of Austin, but adjourned within minutes. The company
founder and partners Silver Lake had failed to secure enough
votes to seal the largest buyout since the financial crisis,
which would end by taking the No. 3 PC maker private.

Jul 24, 2013

Apple’s margins, China sales take shine off quarterly results

SAN FRANCISCO (Reuters) – Investors breathed more easily after Apple Inc turned in a quarterly report card with a pleasant iPhone sales surprise. But the resultant share-price rally may prove short-lived as Wall Street frets about sliding margins and puzzles over a dramatic revenue drop-off in its No. 2 market of China.

Without releasing a new product, Apple sold 31.2 million units of the iPhone – its most important device in the fiscal third quarter – or about 20 percent more than analysts had envisioned.

Jul 23, 2013

Strong iPhone sales buoy Apple’s third-quarter, shares climb

SAN FRANCISCO (Reuters) – Sales of Apple Inc’s iPhone blazed past Wall Street estimates in the third quarter, with U.S. shipments up 51 percent, lifting its stock 5 percent even as profit fell.

The world’s largest technology company said Tuesday that profit fell 22 percent as gross margins fell below 37 percent from more than 42 percent in the year-ago quarter.

Jul 23, 2013

Strong iPhone sales buoy Apple’s Q3, shares climb

SAN FRANCISCO, July 23 (Reuters) – Sales of Apple Inc’s
iPhone blazed past Wall Street estimates in the third
quarter, with U.S. shipments up 51 percent, lifting its stock 5
percent even as profit fell.

The world’s largest technology company said Tuesday that
profit fell 22 percent as gross margins fell below 37 percent
from more than 42 percent in the year-ago quarter.

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    • About Poornima

      "Poornima Gupta writes about technology out of San Francisco, covering consumer and enterprise device makers Apple, HP and Dell. She previously spent five years in Detroit covering the crisis-ridden U.S. automotive sector that resulted in two of the biggest bankruptcy filings in the industrial world. She won a SABEW award for reporting on the failed merger between GM and Chrysler, and their negotiations with the federal government."
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