MW is reporting that Dell Inc. (DELL) Chief Executive Michael Dell may bid to buy the computer maker he founded in 1984. Lee Ainslie, the head of hedge-fund firm Maverick Capital Management, broke the news on Tuesday during a speech at the Value Investing Congress in New York.
After the news hit the wires shares of Dell started gaining on heavy volume. The stock i currently trading at $14.00, up 27 cents, on 27 million shares trading hands. Dell’s average 3 month trading volume stands at 23.4 million shares.
Round Rock, Texas – based Dell designs, develops, manufactures and supports computer systems, as well as provides related services worldwide.