Dell Keen On Acquisitions In Solutions, Services Space -CEO

Dell Inc. (DELL) is keen on acquisitions in the solutions and services market, a space it is gradually entering, its chief executive said Monday, even as its core product line of PCs faces sluggish demand.

The world's third-largest PC maker by sales is also keen on expanding its portfolio of intellectual property and is looking at small and medium-sized buys globally, Chief Executive Michael Dell told a press conference. He didn't elaborate.

The CEO also said he doesn't see newer gadgets such as smart phones and tablets posing a challenge to PCs and can co-exist with the product.

The company registered a decline of 6% in its PC sales in the third fiscal quarter, due to lagging demand. Overall sales of PCs and other related devices fell to $8.2 million from $8.5 million. The segment makes for more than half of the company's revenue.

Dell also said India needs to formulate a more "concerted" industrial policy to be able to challenge China. He added the country needs a stronger policy around infrastructure and manufacturing as well as a stable tax regime.

The company is India's biggest PC maker, with a market share of 15.5%, according to research firm IDC.

-By Dhanya Ann Thoppil, Dow Jones Newswires; 91-22-61456108; anirban.chowdhury@dowjones.com

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