Last week's news that Dell is No. 1 in PC shipments in the first quarter of this year is no accident, according to industry analyst Roger Kay in a column written for CIO.com.

He contends it is evidence that Dell going private is helping them gain market share. Kay shares a few graphs that show Dell making gains in the U.S. and worldwide in PC shipments as soon as it went private. 

According to Kay, going private helped Dell because the company wasn't distracted by the 90-day "shot clock," could spend more money hiring sales representatives and had the ability to lower prices.

Kay doesn't note that because Dell is freed from Wall Street's prying eyes, it has come at a cost financially - at last in the near-term. Dell reported recently that its revenue dropped nearly 6 percent year-over-year to $54.9 billion and it reported a loss of $1.1 billion, which was an improvement from a $1.2 billion loss the year before.