February 5, 2013 / 5:08 PM / 5 years ago

Michael Dell says turnaround will take time and patience

(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.

Reporting By Ben Berkowitz

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