Feeds

Michael Dell mulls taking PC colossus private

Shareholders begone

Providing a secure and efficient Helpdesk

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.