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...JPMorgan Chase and law firm Cooley advised Ellie Mae on the transaction....
...JPMorgan Chase and Evercore acted as the Dell board’s financial adviser, while Debevoise & Plimpton was its legal counsel....
...Intel shares fell 5 per cent to $30.80, wiping $6.5bn from the chipmaker’s market valuation, after the company cut its revenue forecast for the first quarter amid renewed softness in PC demand and currency...
...Dell is losing market share in its core PC business to competitors and tablet computers....
...JPMorgan Chase and Evercore have been advising the “special committee” set up by the Dell board to vet the proposal. Goldman Sachs has been acting as a financial adviser to Dell....
...Shareholders are only half-satisfied with the company’s performance, judging by voting at the PC maker’s annual meeting on Wednesday....
...Shares of the PC maker rose 2.8 per cent in after-hours trading to $11.97....
...A consortium, which includes Sony and Matsushita as well as PC makers Dell Computer and Hewlett-Packard, is developing the Blu-ray DVD format, which is in competition with the HD DVD format backed by Toshiba...
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