Feeds

Michael Dell mulls taking PC colossus private

Shareholders begone

3 Big data security analytics techniques

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. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.