Posts tagged “Dell”
Activist investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell Inc. founder Michael Dell's effort to take the struggling computer maker private.
Analysis: With no legacy software business to protect, and a midmarket presence, acquisition and integration strategy, the new Dell Software division enjoys an edge over enterprise software vendors IBM, Microsoft and HP. TBR believes Dell Software has the IP and team to do this -- but the speed of full integration remains unknown.
Billionaire investor Carl Icahn has teamed with Dell's largest independent shareholder, Southeastern Asset Management, to pitch a deal that would let Dell shareholders keep their stake in the company.
Billionaire investor Carl Icahn agreed to accumulate no more than a 10 percent stake in Dell Inc. as he continues to pursue an alternative to a $24.4 billion leveraged buyout by founder Michael Dell.
The last time worldwide PC shipments experienced a double- digit percentage decline was in the third quarter of 2001, when the market was roiled by the Sept. 11 terrorist attacks and the impact of a decline in technology stocks
If Michael Dell doesn't get a deal he likes from a victorious Blackstone, he will cash out his 15.6 percent stake and walk away from the company he started 29 years ago while in college, Bloomberg news reports.
Dell Chief Executive Officer Michael Dell, seeking to rally employees amid buyout negotiations, says in a memo he's made headway in efforts to transform the computer maker into a broader provider of business products.
Analysis: In response to the surge in mobile devices, especially smartphones and tablets, which recorded unit shipment increases of 37.6 percent and 39.3 percent, respectively, PC makers will aggressively fill their ecosystems will innovative products aimed at countering their mobile- and tablet-centric rivals.
Blackstone is so intrigued with the prospect of owning Dell that the private equity firm firm has been courting former Hewlett-Packard Co. CEO Mark Hurd to run Dell if it decides to mount a hostile takeover attempt.
Blackstone may bid on PC-maker Dell as part of a group including other investors and the New York-based private- equity firm hasn't made a decision. Dell's board has through March 22 to seek other offers.
Lenovo could vault past HP to become the world's PC maker if it were to acquire Dell, which is attempting to go private but is under pressure from shareholders to seek a better offer. But that possibility appears to have weakened, sources say.
IBM has made noise about getting out of hardware sales, but a new report on servers might change that. Big Blue rebounded to show a strong performance in 2012. Cisco and Red Hat also can find plenty of encouraging data in IDC's update.
Dell Inc., (NASDAQ:DELL) the computer maker planning to go private in a $24.4 billion deal, reported fiscal fourth-quarter sales and profit that topped analysts' estimates, a sign of buoyant demand for servers and software. But Dell's net income fell 31 percent in the latest quarter as the company continued to be hurt by a shrinking PC market.