Dell (DELL) has warned that its operating profit will come in at $3B in FY 2014, down from a...

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

Dell (DELL) has warned that its operating profit will come in at $3B in FY 2014, down from a previous internal forecast of up to $5.6B, while its revenue will fall by $10B over four years. The dire outlook came in a 274-page preliminary proxy statement that seeks to persuade investors why Michael Dell's $13.65/share offer, which would take the company private, is better than higher bids from Blackstone (BX) and Carl Icahn, which would keep the firm public.