Feeds

Michael Dell mulls taking PC colossus private

Shareholders begone

Designing a Defense for Mobile Applications

Michael Dell told a conclave of moneymen on Thursday that he has considered taking his eponymous PC maker private.

This off-the-cuff revelation was in response to a question from an analyst at Sanford C. Bernstein's 26th annual Strategic Decisions Conference in New York City.

According to Reuters and others, Dell answered "Yes" when asked Bernstein analyst Toni Sacconaghi if had thought of taking the company private, but declined to answer a follow-up question about what would prompt him to more-fully consider such a move.

He quickly covered his tracks. According to a raw transcript provided by FactSet CallStreet, Dell said that he was "totally committed to continuing to run the business for a long period of time" and that he has "every intention to continue running the company for the foreseeable future".

Dell's admission that he had considered taking the company private caused Dell stock to jump by as much as 6.4 per cent on Thursday — but as of mid-day Friday (in a broadly declining market), it had sunk by over 4 per cent.

Since he founded his company in 1984 — famously on $1,000 and the idea of direct-to-customer computer sales — Dell has been its chairman of the board. He was CEO until 2004, and resumed that role in 2007. He's also his company's largest shareholder: according to a recent SEC filing, Dell held 11.69 per cent of the company's stock as of April 15, 2010.

Dell — both the company and the man — had a meteoric rise in the 80s and 90s, but have fallen on harder times since. In late 2009, the company fell to number three among PC makers worldwide, behind HP and Acer. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
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.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.