Tech stocks: Dell buyout reportedly near
Tech stocks: Dell buyout reportedly near
Shares of personal computer maker could jump if buyout becomes official.
Posted!
Sent!
Dell's Texas headquarters, in the Austin suburb of Round Rock.(Photo: Joe Raedle, Getty Images)
This could be a busy week for one of the world's top personal computer makers. Let's take a look at the technology stocks to watch:
Dell deal near? Shares of the Texas-based company have dropped 1.5% at $13.42, as reports swirl on a buyout that would take them private.
According to Bloomberg[1], founder Michael Dell is working with firm Silver Lake Management on a deal that would give him majority control of the company. Microsoft is reportedly adding funds to help usher the deal along.
Rumors of a buyout first reported in mid-January have helped give Dell stock a lift, with shares vaulting $3 since January 11.
Yelp, LinkedIn earnings on the way. The online review site Yelp reports fourth-quarter earnings after the bell on Wednesday.
During its third quarter, revenue ballooned 63% to $36.4 million, while the company also netted big jumps in the number of reviews and average monthly unique visitors. Shares are currently trading right around $20.
On Thursday, business-focused social network LinkedIn reports fourth-quarter and full-year earnings. Last month, the company announced it topped 200 million members worldwide.
Shares of LinkedIn are down 1% to $102.
{ "assetid": "1890091", "aws": "tech", "aws_id": "tech", "blogname": "", "contenttype": "story pages ", "seotitle": "Tech-stocks-monday-dell", "seotitletag": "Tech stocks: Dell buyout reportedly near", "ssts": "tech", "templatename": "stories/default", "videoincluded":"no", "basePageType":"story" }