Dell promises PC resurgence as he finally wins battle to go private

Michael Dell has finally clinched shareholders' approval for his $25 billion offer to buy and take Dell private, ending months of bitter conflict with the company's largest investors.

The company plans to invest in the PC and tablet markets, in expanding sales coverage, and in growing its distribution network, founder and chief executive Michael Dell said in a conference call after the shareholder vote.

The company's pace of internal transformation should now quicken. Sealing the deal should also assuage customers who have grown wary of the company's direction during a very public battle that pit major Wall Street players Icahn, Southeastern Asset Management and T. Rowe Price against the CEO.
"We still have a long way to go and many challenges to meet," the company founder 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."

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