Dell buys into Dell for $100m
He's a believer in pocket change
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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. ®
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COMMENTS
@AC
"why don't you build your own machines? Twat."
Well, if answering ad hominem and calling people twats to make your point is your level of competence, then I can see why you're posting anonymously. And I don't need to build systems myself (I could, but not at cost -- volume buying, see?) if I can order them at cost from a variety of companies other than Dell. And I can and do.
As for the details on the switches to XServe, the pre-press business had heat and maintenance issues with their Dells, possibly related. After several replacements, they decided to try something else. The engineering firm had wanted to switch to a unified server platform to save on maintenance, tried a rackful of brand-new Dell units and decided to hand them back after having found them to be wanting in several areas, including performance per watt and maintenance cost. They ran their PPC970 XServes on Debian GNU/Linux, last I heard.
I hope this satisfies your need for specifics.
"... over the course of my 15 years of professional experience only a handful of times have I had an issue they haven't fixed (and they were IBMs)."
Interestingly, I have always found IBM's service to be quick, friendly and thorough on the very rare occasions that I actually needed it, which is more than I can say for my experience with Dell. HP I have usually found satisfactory. Sun has set up a service bureaucracy that is almost impossible to penetrate at times; try getting a price quote on a spare part from them without signing an order form...
Just FYI, I am not a particular fan or antagonist of any platform or hardware supplier. I use what works. If something doesn't, I go get something that does.
Ta
Fair enough; good luck Dell
I'm curious as to why there's so much dislike of Dell. I'm not being smart - I genuinely wonder. I mean, I've got a couple of venerable Dell GX1s that are doing fine and have been through a couple of Dell laptops at work (sounds misleading; my D600 was retired and replaced while it was in perfect working order, and I'm still working on the second!). Again, no problems with the laptops. Not exactly oozing style and solid quality but they work fine (my old D600 was a hand-me-down when I got it, and survived two falls while running in the time I had it without a hiccup) and you can't argue with the prices.
Dells Power Edge support team rock
Someone mentioned the Dublin server support team earlier, I've had many many dealings with these guys (usually due to my own cak-handed incompantence when called out at 3am)
I've nothing but praise for them, they even call back when they say they will and DO seem to give a shit.
I've not tried Dell home support, but having started IT on a helpdesk for Mesh Computers, I can understand thos guys getting sloppy, especially when the average person phoning up finds it hard to swap channels on the TV
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