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EMC Reports Profit Decline, Misses Expectations

EMC Corp. profit slid in its latest quarter amid tepid sales and higher expenses, as the computer equipment company awaits the completion of its acquisition by Dell Inc.

Shares fell 1.8% in premarket trading to $27.00.

Earlier this month, the Hopkinton, Mass.-based company agreed to a $67 billion tie-up with Austin, Texas-based Dell, valuing EMC at about $33.15 a share and marking the biggest tech deal in history. EMC had been under growing pressure from activist investors, who had prodded the company to better exploit the value of VMware Inc., which...