Dell

according to money.cnn.com Dell just acquired Perot systems."
Pocket books
Pocket books
Netbooks are models of portability. But can you stare at those little screens all day? Our reviewer put three to the test.
View photos
Quick Vote
How are you doing financially compared to the start of the year?

*
Better
*
Worse
*
About the same

or View results

NEW YORK (CNNMoney.com) -- Computer maker Dell will acquire information-technology company Perot Systems for $3.9 billion in cash, the companies said Monday.

Once the purchase is complete, Perot (PER) will become Dell's (DELL, Fortune 500) services unit, a press release said.

Dell plans to buy Perot for $30 per share, 67% higher than the IT firm's Friday closing price of $17.91.

The deal is expected to be completed during Dell's fiscal fourth quarter ending in January. Perot will remain based in Plano, Texas.

Dell, based in Round Rock, Texas, said in its August earnings report that it expects stronger sales in the second half of the year, though it has seen sector-wide weak PC demand.

Average sales prices on PCs have been falling sharply, narrowing profit margins. Consequently, Dell's quarterly sales were down 22% to $12.76 billion from $16.43 billion a year ago.

Also in its earnings report, Dell said it has redesigned about 70% of its products as part of a $4 billion cost-cutting plan launched last year. "