October 23, according to foreign media reports, Dell CEO Michael Dell (Michael Dell) Wednesday said it would use cash on hand for acquisitions.
Michael said the slowdown in demand as customers, Dell will re-adjust their business to enhance market competitiveness. At the same time, Dell will make use of their cash to make acquisitions and invest in infrastructure. According to Michael disclosed that Dell now has 100 million in cash and investments.
In addition, Michael also said the 8,900 job cuts previously announced plan has been completed. Dell in August announced the completion of 8,500 job cuts. Dell is currently no new layoff plans.
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