Posts tagged “Dell”
Shares in Dell., which last week agreed to be taken private, closed above the offer price for the first time since the announcement after the computer maker's largest outside shareholder said the proposed deal undervalues it.
Michael Dell faces mounting opposition to his plan to take Dell private as the company's largest outside shareholder vowed to block the $24 billion buyout because it "grossly undervalues" the personal computer maker.
Dell Inc. Chief Executive Officer Michael Dell and other company directors were sued by an investor over claims the computer maker's board is shortchanging shareholders in a $24.4 billion management-led buyout.
Michael Dell is taking back majority control of the company he started in a University of Texas dormitory almost three decades ago after struggling to equip the PC maker for a new generation of competitors in mobile and cloud computing. He's wagering that he can more effectively transform Dell into a provider of a broad range of products for corporations outside the scrutiny of public investors, even while encumbering it with about $17 billion in additional debt.
Dell, Lenovo, IBM, Hewlett-Packard Co. and other big information technology providers will need to align themselves with small businesses to tap a $5 billion federal contract to supply items such as laptops, servers, routers and storage systems.
Dell, which may announce this week it's being taken private by a group led by Silver Lake Management, hires Evercore Partners Inc. to advise a special committee of the board and to test whether the company could get a better offer, sources say.
A leveraged buyout of Dell would require Michael Dell and private-equity firms to accomplish a feat not seen since 2007: pulling together more than $20 billion in equity and debt to finance the deal.
Herbalife, a healthcare company that makes a variety of products from personal care to sports and fitness, is expected to announce today it has selected Winston-Salem as the site for a 500-job facility.
Dell, which has spent more than $12.7 billion on 18 acquisitions since 2009, will focus on small and medium-size deals to add tools that complement its personal computers and servers, founder Michael Dell says
Apple's decision to build some Macs in the U.S. starting next year coupled with Lenovo's recent announcement about building PCs in the Triad shouldn't erase the painful memories of Dell's fiasco in North Carolina.
Amid a forecast for declining PC sales this year, research firm IDC predicts that tablet sales will more than double by 2016. And Microsoft will help lead the way with increasing market share.
Of more than a dozen tablets Microsoft and Intel touted for the new version of Windows, only five can be purchased for immediate U.S. delivery. Plus, early demand for Microsoft's first computer, the Surface tablet, seems "disappointing," said Craig Berger, an analyst at FBR Capital Markets.