Dell Inc. on Tuesday posted another quarter of declining sales and profits, deepening a downturn that disenchanted shareholders and culminated in the slumping personal computer maker’s recent decision to take its stock off Wall Street in a $24.4 billion deal.
If the deal closes, it will end Dell’s 25-year history as a publicly traded company.
The fourth-quarter report became even less significant when the company canceled CEO Michael Dell’s previously scheduled participation on a conference call to discuss the results with analysts. Michael Dell, who founded the company 29 years ago, is leading the buyout, which is facing opposition from two of Dell Inc.’s biggest shareholders.
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