Michael Dell says turnaround will take time and patience

Tue Feb 5, 2013 11:55am EST

Feb 5 (Reuters) - Dell Inc's turnaround will take more "time, investment and patience," Chief Executive Michael Dell said in a memo to employees on Tuesday after striking a deal to take the company private.

In the memo, a copy of which was obtained by Reuters, Michael Dell also said a privately held Dell Inc would still have the flexibility for acquisitions.