Michael Dell

Dell is a Texas-based technology company founded by Michael Dell, and is the third largest PC maker in the world after HP and Lenovo. In early 2013, it announced plans for a leveraged buyout by its founder, in partnership with a group of investors and Microsoft.

Dell has come under increasing pressure from mobile computing in recent years. Photo: AP

Dell’s quarterly profit plummets as PC sales shrink

Dell, the PC maker embroiled in a takeover battle between its founding chief executive and activist investor Carl Icahn, on Thursday reported a 72 per cent slide in quarterly earnings as PC sales extended their downward spiral.