Dell's (DELL-OLD -0.9%) LBO proxy will show "the extreme challenge and unpredictability" the company is facing in its badly slumping PC business, David Faber reports, while adding a forecast for $3.7B in FY14 (ends Jan. '14) operating income may be significantly revised lower. Faber also notes Silver Lake initially bid just $11.22/share for Dell, before gradually raising its offer to $13.65. Dell is down $0.12 today to $14.14. (previous)