Dell (DELL +1.3%) hires PE executive and former CA Inc. head John Swainson to shore up its...

|About: Dell Inc. (DELL)|By:, SA News Editor

Dell (DELL +1.3%) hires PE executive and former CA Inc. head John Swainson to shore up its software business, its latest move to focus on higher-margin operations. The new Software Group will provide innovation and support to make Dell more competitive in delivering end-to-end IT solutions to customers, the company says. J.P. Morgan raises shares to Overweight.