Posts tagged “Dell”
Even as the global PC industry retracted at a record 10 percent rate in 2013, Lenovo increased sales 6 percent during the last quarter of the year and thus strengthened its hold on the No. 1 computer seller spot. "We continue to outperform the market while steadily improving profit and margin," says CEO Yang Yuanqing.
The Open Invention Network, which works with companies to share patents and technology revolving around open source Linux, is now adding OpenStack cloud technology to its"defensive patent portfolio." Red Hat is a major backer of both OIN and OpenStack.
A German magazine lifted the lid on the operations of the National Security Agency's hacking unit Sunday, reporting that American spies intercept computer deliveries, exploit hardware vulnerabilities, and even hijack Microsoft's internal reporting system to spy on their targets.
Take that, Amazon, IBM and other big "cloud" computing players. Red Hat, the open source Linux software leader, is teaming with now privately held Dell to develop and sell cloud computing solutions based on Red Hat's OpenStack Platform. The two firms have worked together for years on numerous open source solutions.
The PC business is dwindling, leaving Dell out of step with a technology world moving to smartphones and tablets dominated by companies including Apple and Google. This presents Michael Dell and his team a challenging balancing act even outside the pressure of quarterly earnings reports.
Dell founder and Chief Executive Officer Michael Dell has won shareholder approval for a planned $24.9 billion buyout, capping a seven-month standoff with investors and gaining free rein to attempt a turnaround of the struggling personal-computer maker outside the glare of public markets.
Billionaire Carl Icahn gives up his fight to control Dell, saying he continues to oppose founder Michael Dell's $24.9 billion plan to take the company private because it undervalues the computer maker.
When it comes ti keeping profits away from the U.S. Taxman, Cisco and Apple take most of the criticism. But a Bloomberg analysis finds that IBM, which recently laid off thousands of North American workers, and Microsoft are actually keeping the most profits offshore.
Dell Inc. reported fiscal second- quarter sales that topped analysts' estimates ahead of a vote next month on its founder's bid for the computer maker, lending some credence to arguments that the company could recover without a leveraged buyout.
The billionaire investor disclosed in a regulatory filing late Monday that he's purchased an additional 4 million shares in Dell Inc. Icahn bought the shares Thursday, according to the filing, the same day he filed suit to block any delay in a shareholder vote over company control and a day before founder CEO Michael Dell boosted his bid to take the company private.
Dell shareholders will now get a chance to vote on the new Dell offer at a Sept. 12 special meeting.
In an interview with Bloomberg News, Dell founder Michael Dell defends his decision to try to take the PC and tech services firm private. "I am seeking to take Dell private because I think it's the right thing for the company," he says.
Dell has postponed a shareholder meeting until July 24, a signal that the company didn't have the votes to pass its proposed $24.4 billion sale to Chief Executive Officer Michael Dell and Silver Lake Management.
The run-up to the vote on Michael Dell's $24.4 billion proposal to acquire Dell has turned into a nail-biting game of chicken that has left Dell's side racing to lobby shareholders who consider the bid too low. Rather than ending with a victory dance for Dell, today may yield a decision to postpone the vote deadline to give him and private-equity firm Silver Lake Management LLC more time to convince investors of the merits of the leveraged buyout - or to simply increase the $13.65-per-share bid.