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U.S. Day Ahead: A Dell miss could intensify takeover battle

Wednesday, May 15, 2013 - 01:43

May 15 - Analysts say Dell's rapidly shrinking business could intensify the battle between hedge fund titan Carl Icahn and co-founder Michael Dell to take the company private.

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Five days early and mired in controversy Dell reports earnings on Thursday that computer maker reportedly wants to push the bad news out early Goldman Sachs predicts revenues will come in 900 million dollars less than expected. Goldman says even if need used to pride to the upside it will be because of heavy discount. Analysts say -- rapidly shrinking business could intensify the battle between had been -- Carl Icahn and co-founder Michael Dell. To take the company pride that they'll shares have plummeted 13%. In the last year. What a difference a new CEO makes ahead of earnings JC Penney shares have shot up nearly 30% in the last month after Ron Johnson was replaced by former boss -- -- losses at the battered department store are -- to deep and but penny could be set up for a turnaround. Think America says reinstating coupons and promotions will stop the sales freefall and has raised its rating on the stock from sell to neutral. Also a penny come back could significantly hurt its rivals especially -- And insider we'll have the latest on where the stars of the 2.2 trillion dollar hedge -- -- industry place their bats in the first quarter. So far there -- lots of negative news on apple according to the latest thirteen F filings. David tapper at apple -- that management cut his stake by 40%. -- Coleman tiger global management flashed his apple holdings. I 75%. Apple thing -- the clothes. Sliding over 3%. Follow us on Twitter at Reuters Insider and get more of our video that Reuters dot com slash ratings TV I'm pretty mom this is raiders.

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U.S. Day Ahead: A Dell miss could intensify takeover battle

Wednesday, May 15, 2013 - 01:43