Dell buys EqualLogic

TINMAN Michael Dell has splashed out $1.4 billion in loose change that he found at the back of his sofa to buy EqualLogic.

The outfit makes data-storage network systems, something that Michael hopes will boost his outfit's flagging growth by looking outside its traditional PC business.

According to Internet News, Dell has only made four percent of its revenue from its data storage operations. However sales figures in that department are growing faster than anything else at the company.

EqualLogic's own sales over the last nine months have been patchy. It made $91 million in the first nine months and then lost $1.9 million.

The outfit had been planning to go for an IPO when Dell bought it.

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