Talk that Dell Inc. founder Michael Dell could announce a deal to take the company private has made investors giddy.
Dell's stock soared 13% on Monday, the day the story broke, then jumped some more Tuesday. Late in the trading session, Dell share's were changing hands at $12.94, up 65 cents, or 5.3% from Monday's closing price.
The stock is still off its 52-week high of $18.36 reached last February. But it's up nicely from its $8.69 low it hit late last year.
Dell has struggled to transform itself on two fronts. Its PC business has suffered from the boom in tablets and other mobile computing. At the same time, Dell has been trying to reinvent itself through acquisitions into a player in enterprise cloud services.