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Articles about Michael Dell

By michandryan  http://www.flickr.com/photos/49291777@N05/  licensed under creative commons attribution

Speaking in Tech: Michael Dell THRILLED with his new private life

speaking_in_tech Greg Knieriemen podcast enterprise Hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week, Greg disappears as Sarah and Eddie podcast from DellWorld with special guests Justin Warren, MD at PivotNine, and George Reese - executive director of cloud management at Dell. This week, the team discusses: …
Team Register, 18 Dec 2013
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Michael feels package shrink painfully as Dell freezes salary

Michael Dell may have to hold off on those gold taps for the bathtub in the corporate jet, or set his sights on a slightly less horizon-girdling Texan ranch after seeing his total compensation tumble at the company which bears his name. The founder and CEO at Dell, the firm he plans to take private again, saw his package shrink …
Paul Kunert, 04 Jun 2013
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Michael Dell accuses Icahn of using court as takeover tool

Michael Dell has accused Carl Icahn of filing "undefined" legal action solely as a tool to help him take over Dell, and said the investor was "grandstanding" in a bid to stop the company from going private. In a court filing, Michael Dell said the action was "just another soapbox for Mr. Icahn's public spat," and a tactic …
Iain Thomson, 08 Aug 2013
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Dell shareholder: 'Rush' is because Michael D wants to buy

Dell shareholder Southeastern Asset Management has said that the board's assessment of the buyout deal offered by Michael Dell and Silver Lake is flawed and it's only rushing to sell because Michael Dell wants to buy. The shareholder published an open letter accusing the board of focusing disproportionately on the computing …
Dell chairman and CEO, Michael Dell

Michael Dell and the Curse of the Exploding Batteries

Call it the curse of the exploding lithium ion battery. The Wall Street Journal reports that Michael Dell, the man, or MSD Capital, his personal investment arm, is on the list to get a Boeing Dreamliner 787. Perhaps Dell's MSD arm is just taking a piece of the investment action in the Dreamliner, the Journal speculates, or …
Dell chairman and CEO, Michael Dell

Michael Dell: 'Cash in your shares, we are in a mess'

Dell is such a risky bet that it's a wonder shareholders invested their hard-earned cash in the stock in the first place. At least that is the impression given by Texan Mike, who outlined the challenges of remaining a PLC in an SEC filing as he steps up efforts to woo investors weeks before they vote on his $13.65 per share buy- …
Paul Kunert, 21 Jun 2013
Dell chairman and CEO, Michael Dell

Michael Dell to buy himself on Monday?

Michael Dell may not cash out and do a leveraged buyout of the company that bears his name, but instead put his own money where his mouth has been and buy majority control the eponymous pride of Round Rock, Texas. And, according to the latest reports, he could finalize the deal to take Dell private as soon as Monday. Saying "To …

Dell goes private: Stock ceases trading, now Big Mike's baby once again

It's official: Dell is now a private company. Founder Michael Dell and Silver Lake Partners have completed their acquisition of the firm in a deal valued at around $24.9bn. "Today, Dell enters an exciting new chapter as a private enterprise," Dell (the man) said in a canned statement. "Our 110,000 team members worldwide are 100 …
Neil McAllister, 29 Oct 2013
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Blackstone gives up on $25bn bid to snatch Dell from Mr Dell

Private-equity fund Blackstone has reportedly given up its efforts to splurge $25bn on whipping Dell out from under Michael Dell's nose. Blackstone, which is a Dell shareholder, and activist investor Carl Icahn had hoped to together make a rival bid for the Texan computer giant, but are now unconvinced that it is worth more than …
Elephant

Cloudera bags $160m from Google Ventures and Mike Dell

Cloudy startup Cloudera has raised $160m from top investors including T Rowe Price and Google Ventures in its latest funding round to expand further into the big data market. "Cloudera will use the funding to further drive the enterprise adoption of and innovation in Hadoop and promote the enterprise data hub (EDH) market, …
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Shareholders tell Mike 'Just Do It': Dell to go PRIVATE for $24.9bn

Dell shareholders have given the green light to Mickey D to take the company he founded nearly three decades ago private – again. Approval from investors was never really in doubt after activist investor Carl Icahn, who seems more interested in Apple, revealed that he and partner SAM had given up the ownership battle, clearing …
Paul Kunert, 12 Sep 2013
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Hey, starving storage wannabes! Michael Dell wants to give you CASH

Dell Ventures, the Dell investment arm, has a hefty $60m pile of greenbacks to dish out to early-stage storage startups. The cash has been assigned to the Dell Fluid Data Storage Fund and the fund managers want to invest in five to 10 promising storage start-ups and assign $3m to $5m to each one for an equity position. Dell is …
Chris Mellor, 19 Jul 2012

Dell will AXE up to ONE IN THREE workers in its US & EMEA sales teams

We're hearing from two sources that Dell is making 30 per cent of its sales and marketing staff in Europe, the Middle East and Africa redundant while cutting 20 per cent of its US-based sales staffers. One source said: "Precisely 30 per cent, across EMEA." There is no word on what's happening on the sales floor in the Asia …
Chris Mellor, 09 Jan 2014

Dell staffers react to news of 1-in-3 axe dangling overhead

Our readers at Dell have responded to the New Year Dell redundancy stories. They make worrying reading, illustrating the pressures people are under. Here’s a comment from a Dell Asia Pacific Japan staffer: In APJ no one knows what the new org is or what is happening to their roles. We are all guessing or we can try for VR ( …
Chris Mellor, 13 Jan 2014

Dell spits up storage revenues after gobbling promising upstarts

Dell's storage revenues are continuing to decline as the company fails to reap the benefits of its acquisitions. EqualLogic and Compellent were great startups but the stellar growth of those two units has not translated into stellar growth for Dell's storage revenues. In its latest quarter, which finished at the end of June, the …
Chris Mellor, 21 Aug 2013
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Court hearing on Icahn's Dell buyout block set for Friday

Carl Icahn's attempt to get the courts to intervene speedily in Michael Dell's bid to take the firm private has been delayed until Friday. The Delaware Court of Chancery has scheduled a conference for Friday on Icahn's request for an expedited hearing in the case. The activist investor wants the court to stop Dell from changing …
Ciscoblood

Dell taps Sons of Cisco for networking Manhattan project

When you have a techology division that, in real estate terms, would be generously termed a "fixer-upper" there's little to lose by giving the keys to a young, ambitious competitor and welcoming them in to give the crumbling place a lick of paint. At least, that seems to be Dell's view – why else would it cede strategic control …
Jack Clark, 28 Jan 2014
Dell chairman and CEO, Michael Dell

Dell buy-out latest: Big Mike makes shareholders an offer they can't refuse

Dell has once more put off the vote on whether company founder Big Mike can buy out the PC-making titan - after he and his biz partner Silver Lake Partners slightly upped their offer to shareholders and demanded a change to the voting rules. The computer giant's special board committee postponed the stockholder vote on Mikey …
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Dell to axe 1,000-plus call-centre bods, enterprise staff in prep to go private

Dell is laying off staff in its enterprise division, The Register understands, as company honcho Michael Dell prepares to take his firm private. El Reg has heard that Dell is steadily ridding itself of enterprise workers, including senior technologists, strategists, developers, and sales employees, as well as a vice-president. …
Chris Mellor, 29 Aug 2013
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Court throws out Icahn's demand to stall Dell shareholder vote

Carl Icahn's quest to delay the shareholder vote on the future of Dell has been knocked back by a Delaware judge, who said there was no evidence that the company was acting improperly. "This court is not going to be dragged into a tactical game," Chancery Court Judge Leo Strine ruled on Friday. The Dell board had "acted in good …
Iain Thomson, 16 Aug 2013
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Big Mike heading for victory as SAM dumps HALF its Dell shares

One of Dell’s biggest shareholders has dumped almost half its holdings in Big Mike’s computer outfit. Southeastern Asset Management is reported to have sold 41 per cent of its Dell stock, reducing the value of its holdings to $949m. Southeastern had held 8.4 per cent of Dell, making it the biggest stockholder apart from Michael …
Gavin Clarke, 14 Aug 2013
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Private Dell: We will not suddenly try to cut out the middleman again

Dell has signalled to channel partners that its transition to private ownership will not mean a return to strategy that it was once famous for - cutting out the middlemen. Shareholders yesterday took just twenty minutes to pass CEO and founder Michael Dell's proposal to remove the company from the NYSE in return for $24.9bn in …
Paul Kunert, 13 Sep 2013
Magnum Force

9,000 heads to roll at Dell? Tosh. It'll all go down in Feb and it's THOUSANDS more - insiders

We’re being told that the 9,000 heads redundancy figure at Dell is wrong - it could be 17,000 or more. Dell disputes this strongly, saying our sources' numbers are "inaccurate", but refused to give us a figure. Across the whole Dell worldwide organisation, a figure of 15 to 20 per cent across-the-board cuts has come to us from …
Chris Mellor, 16 Jan 2014
Dell chairman and CEO, Michael Dell

The only thing holding Dell back is ... er, Mickey D himself

Uncertainty abounds at Dell's Texas HQ as Michael Dell struggles to take the company private. Sources keep whispering that there's a "plan" in the offing – but what is that plan? My personal prediction – reading the tea leaves at the bottom of the Dell teacup – is that the deeply fractured organisation wants to dance with the …
Chris Mellor, 04 Sep 2013
The Register breaking news

Infosmack LIVE! with Michael Dell

This is a special episode from the Dell Storage Forum 2011 in Orlando, Florida. Andy es, Michael Dell is on the Infosmack, the world's best podcast about enterprise tech. Let's have some show notes: Phil Soren, President of Dell Compellent, on the progress of Compellent's integration with Dell Brian Bell, Executive Director of …
Drew Cullen, 17 Jun 2011

Michael Dell: PC profits plunge not down to tablets

The sluggish demand for PCs that saw Dell's profit dive below Wall Street estimates in the last quarter is not due to tablets, Dell CEO Michael Dell said yesterday. Despite Dell's PC revenues falling 6 per cent in the third quarter of 2011, PCs are still selling better than tablets he told a conference in Bangalore, describing …
Anna Leach, 10 Jan 2012

Shareholders' advisors back Big Mike's deal to take Dell private

Dell continues to insist that founder Big Mike's offer to take the firm private is what's best for it, announcing today that proxy advisory firms Institutional Shareholder Services (ISS), Glass Lewis and Egan Jones are all recommending it. “We are pleased that all three of the nation’s leading proxy advisory firms have …
Dell chairman and CEO, Michael Dell

Will Michael Dell become the Marlboro man of the PC age?

The mooted Dell takeover, the one to take it private again, is now happening. The big question is why? Why come off the public markets to operate as a private company again? The obvious and logical answer here being that the people buying the company think they can make more money this way than by not doing it. Why do they think …
Tim Worstall, 06 Feb 2013
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Icahn doubles down on Dell offer with $14 per share buyback scheme

With exactly a month to go before the special meeting of Dell shareholders that could decide the company's fate, investor Carl Icahn has increased the pressure for a better deal for shareholders – chiefly himself. In an open letter to Dell shareholders, Icahn said that he has now purchased 72 million shares of Dell stock from …
Iain Thomson, 19 Jun 2013
Dell chairman and CEO, Michael Dell

Dell warns stockholders that Icahn's plan would 'hamstring' company

The battle for control of Dell between the company's eponymous founder and investor Carl Icahn is in its endgame, with both sides making last-ditch attempts to win over stockholders for Thursday's vote on Michael Dell's plans to take the firm private again. That's if the vote happens, of course. Several media outlets have …
Iain Thomson, 17 Jul 2013
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Dell will drop the F-bomb FIVE days early in epic power struggle

Dell has pulled forward the reporting of its fiscal Q1 financials by five days amid a battle between Michael Dell and activist investor Carl Icahn over the future ownership of the Texan PC giant. The company confirmed last night that it has scheduled the conference call with analysts tomorrow - 16 May - indicating that Dell's …
Paul Kunert, 15 May 2013
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

'Disturbed' Dell investors could tank private buyout

According to reports, Dell's largest independent shareholder, Southeastern Asset Management, is not keen on the $24.4bn buyout bid, and it's not the only one. Sources whispered to Reuters that Southeastern and other investors think the deal undervalues their shares at $13.65 each and were hoping for more like $20 a share. …
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Icahn lines up prodigious Dell deal dough

Carl Icahn, the activist investor* who has been providing the only alternative to Michael Dell's plan to take the IT company that bears his name private, has finally lined up the financing that he says will be necessary to acquire Dell at a higher price than Dell, the man, is offering. In a letter to Dell shareholders and the …

Big Mike shoots email to Dell staff: My backers and I are your best bet

Michael Dell has told employees at the struggling firm that he's "passionately committed" to getting his $24.9bn leveraged buyout deal through the shareholder vote and using R&D and acquisitions to become a more competitive firm. In an email to staff, also filed with the Securities and Exchange Commission, Big Mike said that the …
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Icahn sues Dell's board over Big Mike's buyout bid

Activist investor Carl Icahn and his affiliates have filed a legal complaint against Dell and its board members in his latest attempt to thwart Big Mike's efforts to regain control of the PC behemoth. Icahn filed in Delaware's Court of Chancery on a number of counts. One of these is a request for the court to to stop Michael …

Show us the money: Big Mike told to up his game if he wants Dell

Big Mike has been advised to up his offer for Dell after activist investor Carl Icahn finally managed to scrape together the cash to back his refinancing proposal. The eponymous chief was sitting pretty a short time ago when it was rumoured that Icahn was having trouble raising the $5.2bn in funding needed to revamp the firm and …

A private Dell makes sense. Doesn't mean it'll work, though

So now that Dell the man has spaffed $24bn (with a little help from his friends) on buying back Dell the company, what is Michael D actually going to do with it? And why has he had to take it private in order to do it? What is there that you cannot do on a public stock exchange that you can do as a private company? The first …
Tim Worstall, 05 Dec 2013

Dell board delays vote on private takeover deal

As has been rumored for days, the special committee of Dell board members in control of the proposed private takeover deal put together by company founder Michael Dell has put off the shareholder vote for the deal. The ceremony to give the thumbs up or thumbs down to the $24.4bn deal put together by Dell, the man, Silver Lake …
Oracle co-president Mark Hurd explaining the Platinum service level price

VC firm asked Mark Hurd if he wants to run Dell - report

Former disgraced HP chief Mark Hurd is the man VC Blackstone would plonk at the top of Dell should it scupper a bid by Michael Dell and chums to take the enterprise tech firm private again. This is according to a report by Bloomberg, which states Blackstone is considering matching the $24.4bn offered by Dell the man and his …
Paul Kunert, 21 Mar 2013
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Dell committee says 'no way' on takeover vote change

The special committee of Dell board members that is reviewing the two proposals that will decide the fate of their company have told the Michael Dell/Silver Lake Partners consortium that they are not willing to change the voting rules, as the consortium had requested. And so the ongoing saga of Michael Dell's attempt to take the …
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Michael Dell declines to eat his Apple (humble) pie

On the day Apple releases its quarterly results, which are broadly expected to make it the most valuable company the world, Michael Dell attempted to explain his infamous comment that Apple should be shut down and sold off. In 1997, Dell was speaking at a Gartner symposium and was asked what advice he would give to the new Apple …
Iain Thomson, 18 Oct 2011
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Dell takeover latest: Icahn tells Big Mike where to stick his rule rewrite

Michael Dell and Silver Lake Partners, who want to take sole control of IT giant Dell, are willing to offer their fellow stockholders $13.75 for each share - but only if the rules on voting on the deal are changed. Unsurprisingly, top-gun investor Carl Icahn, who has a $14-per-share deal on the table, has now urged the Dell …

Dell exec tells El Reg: Privatization has fired up 'world's largest startup'

There's a lot of business-building freedom to be gained by escaping the tyranny of the Wall Street moneymen and turning your company into "the world's largest startup," a Dell exec tells The Reg. When a company goes through a major transition as Dell has in its recent oh-so-public wrestling match with activist investor Carl …
Rik Myslewski, 26 Nov 2013
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Icahn offers to sweeten his Dell deal with warrants

If either Michael Dell or Carl Icahn wanted to win a deal to take control of Dell, the company, all they would have to do is pony up some of their own cash hoards and that would be that. But this is business, and the last thing in the world you do is spend your own money. In the latest move, corporate raider Icahn is sweetening …

More brutal PC numbers from Dell as revenues stay flat, profits sink

Dell announced its second-quarter earnings for fiscal 2014 on Thursday – five days early – and delivered a report that met analysts' expectations but once again showed a company struggling to remain profitable in the face of woeful trends in the PC industry. This was the second quarter in a row that Dell announced its results …
Neil McAllister, 15 Aug 2013
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Dell shareholders head in for second vote on Big Mike's plan

Dell shareholders are set to meet in Texas again today to see whether they can agree to go with Big Mike's plan to take the firm private or prefer to wait for a better offer. Investors are still pretty dubious about their founder's $24.4bn buyout offer for the firm, sources whispered to Reuters, with many feeling that the $13.65 …
Dell chairman and CEO, Michael Dell

Dell axes IT channel middlemen, installs Windows in the factory

Microsoft has granted Dell the power to install Windows on specialised computers before they leave the factory - neatly bypassing the distribution channel. Typically, customers buy these machines via an integrator, which provides the software with the kit. But now Dell's hardware-building biz OEM Solutions can manufacture and …
Gavin Clarke, 16 Apr 2013
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Big Mike's big package oughta be enough for Dell investors - report

Tech tycoon Michael Dell and private equity partner Silver Lake won't sweeten their $24.4bn offer to take PC maker Dell private, whisper industry insiders. Those sources, who apparently have direct knowledge of the situation, let Bloomberg know that Big Mike and Silver Lake aren't going to up their bid - and that's because the …
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Wannabe Dell owner Icahn's buyout blueprint blasted by board bods

Dell's special task force - set up to oversee the sale of the tech titan to private hands - has claimed wannabe owner Carl Icahn still hasn't shown them the colour of his money. The team said there had been "no financing nor any commitment" from the activist shareholder and his pals to buy the PC and server giant outright. This …
Paul Kunert, 20 Jun 2013
Dell chairman and CEO, Michael Dell

Dell finally takes Dell private - with $24bn and help from Microsoft

Stumbling computer-maker Dell Inc will leap from the stock market and go private in a $24.4bn buyout. Ever since Michael Dell founded the company in a dorm room at the University of Texas in 1984, the firm has enjoyed a fabulous ride. But it struggled this side of the year 2000 as the PC lost its lustre. The tech titan then went …