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Michael Dell is returning to the helm of the company he founded Dell Computer.  He is replacing the CEO he hand picked for the job to take over at Dell.

Dell lost its number one PC sales position to HP.  It has also been troubled by the Sony battery recall and most recently warned investors that it would not meet guidance for the fourth quarter.

Michael Dell follows a path set out by many founders that attempt to institute a succession plan and fail only to come back and bring the company back on course.  One of the most famous examples of such a turn around was led by Steve Jobs at another computer company that was losing its ways in the 1990's.