UPDATED 17:40 PM EST, February 19, 2013
ROUND ROCK, Texas (AP) — Dell Inc.'s net income fell 31 percent in the latest quarter as the company continued to be hurt by a shrinking PC market.
Dell's founder and CEO Michael Dell and a group of investors are buying the company for $24.4 billion with a plan to turn it around.
Dell posted net income of $530 million, or 30 cents per share, for its fiscal fourth quarter, which ended in January. That was down from $764 million, or 43 cents per share, in the quarter a year ago.
