Feeds

Dell buys into Dell for $100m

He's a believer in pocket change

Boost IT visibility and business value

Dell's rebirth as a technology juggernaut is well underway. Just ask Michael Dell.

The company founder and CEO has purchased $100m worth of Dell stock. He acquired the shares via three transactions, buying a total of 4.5m fresh shares.

The mainstream press informs us that this indicates bullish optimism about Dell on Dell's part.

Barron's, for example, blasted out the headline "Michael Dell's $100 Million Bet," and noted "Dell has signaled his faith in the stock by making one of the largest purchases by an individual insider at any company in the past five years." ZDnet, the last honest bastion of the financial press, revealed that "Michael Dell’s a believer" with his $100m statement.

Of course, $100m is what Mr. Dell calls "walking around money" and is about the amount he expects to spend on fireworks this fourth of July. You know - beer, fireworks, barbecue, missile defense shield.

Beyond that, Dell owns, oh, about 250m shares in the company, so how much confidence is he really showing with the 4.5m share haul?

Come on, Michael. Make a Texas-sized purchase. The rest of us want to believe too. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.