Dell Looks to Acquisitions for Growth: Report

Michael Dell, the chief executive of the computer maker that bears his name, expects Dell (DELL Quote) to acquire a "significant-sized company" in coming months, the Wall Street Journal reports, citing a person who has spoken with the CEO.

Dell wants to expand its data-storage and tech-services businesses, according to people who have recently spoken with its chief financial officer, Brian Gladden, the Journal adds.

On Wednesday, Dell sold $1 billion is bonds, but a Dell spokesman said the debt offering is "for general corporate purposes, and among the possibilities -- and certainly no commitment has been made -- are acquisitions," according to the newspaper.

It's not clear if Dell is currently engaged in merger talks with any companies, though Dell has had continuing discussions with bankers for the past two years, the Journal reports, citing people familiar with the matter. Another spokesman says Dell is looking for acquisitions, but wouldn't comment on targets.