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Large Dell Holder Sells Stake

The Oakmark Funds group, one of Dell's larger shareholders, sold its stake after Blackstone withdrew its potential bid for the PC maker.


Icahn proposes alternative to Dell buyout

Billionaire investor Carl Icahn is proposing an alternative to the $24.4 billion plan to sell slumping PC maker Dell to a group led by founder Michael Dell, saying it substantially undervalues the company.


Acer Postpones Launch of Alibaba-Powered Phone

Taiwanese PC maker Acer postponed the launch of its first smartphone using a mobile operating system developed by a Chinese company after its current software partner Google expressed concerns about the new device.

Senh: If Alibaba is coming out with a phone, it's probably time for Amazon to do it.


Tech giant HP to slash 27,000 jobs by 2014

Meg Whitman

Hewlett-Packard Co., the world’s largest PC maker, will cut 27,000 jobs, or about 8 percent of its staff, by 2014 to bring down costs and make the company more competitive in a changing marketplace.


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