Articles about Michael Dell

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
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 …
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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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Carl Icahn may be planning to block Dell buyout

A new potential opponent to the proposed leveraged buyout of Dell by founder Michael Dell has emerged, in the form of none other than corporate raider activist investor Carl Icahn. On Wednesday, the special committee of Dell's board appointed to investigate the deal declared that selling the company would be the best option for …
Neil McAllister, 07 Mar 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 …
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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 …
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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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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 …
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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

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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Report: Icahn spoiling for a proxy fight with Dell over buyout deal

Activist investor (we hesitate to use the term vulture capitalist because it gives vultures a bad name) Carl Icahn has said that Michael Dell and the consortium of partners he has put together to take his eponymous company private for $24.4bn is not paying enough for the company. According to reports, Icahn is now getting ready …
Toshiba MQ03ABB300

Is Toshiba mulling asset sales? HDD, TV businesses in the frame

Comment Toshiba is in trouble and could be about to exit the PC and disk drive businesses. The company is still suffering badly from a massive accounting scam, which overstated profits for seven years, and it has just reported a lousy quarter with losses of $91m. Masashi Muromachi became Toshiba’s new president (chief executive) in …
Chris Mellor, 14 Sep 2015
Dell chairman and CEO, Michael Dell

More naysayers pour cold water on Dell LBO

Dell, the company, might want to be more like IBM, but this leveraged buyout takeover bid that Michael Dell and Silver Lake Partners have put together is starting to smell more like the Hewlett-Packard acquisition of beleaguered Compaq more than a decade ago. Southeastern Asset Management, which owns an 8.4 per cent stake in …

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

SC13 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
Dell chairman and CEO, Michael Dell

Dell buyout stalled by Microsoft, low takeover price?

The word making its way around Wall Street is that Michael Dell's plan to take the company that bears his name private through a leveraged buyout has stalled because of the competing interests of private equity firm Silver Lake, which is ponying up a big piece of the cash to do the deal, and current Dell shareholders who want …

Informatica goes private – with Microsoft and Salesforce each taking a share

Data management outfit Informatica became a private company on Thursday, in a multibillion-dollar leveraged buyout that included investment from Microsoft and's venture wing. Investors received $48.75 in cash for each share of Informatica, which previously had traded on the Nasdaq exchange. The total value of …
Neil McAllister, 07 Aug 2015

Dell files suit accusing Hitachi and pals of 'price-fixing conspiracy'

Dell has filed a lawsuit alleging that six suppliers which manufactured the optical drives used in its computers had illegally agreed to set the components' prices. In a complaint filed at a federal court in Austin, Texas, the world's third-largest computer manufacturer said it was seeking damages for a "price-fixing conspiracy …
Jasper Hamill, 14 May 2013

Dell, the man, prevails in quest to wrest Dell, the company, from Wall Street

Analysis So that's done, then. Shareholders of IT giant Dell have approved a $24.9bn private takeover bid put together by company founder Michael Dell, Silver Lake Partners, and borrowed dough from Microsoft and a slew of banks. Now Wall Street will be off Dell's back as it tries to reorganize itself for the future of computing, …
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Dell explores wearable computing as PC base crumbles

With PC sales falling and the battle over ownership of Dell still raging, the company is "exploring ideas" in the hot, hip, happening wearable computing field as a possible way forward. "There are challenges in cost, and how to make it a really good experience," Sam Burd, Dell's global VP of personal computing, told The Guardian …
Iain Thomson, 05 Jul 2013
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Reliant on Dell for PCs? Start looking around, says Gartner ball-gazer

Can it really be that enterprise customers should make sure they have an emergency raft ready to head to the shores of rival PC makers should Dell jettison its desktop and notebook portfolio when it goes private? Yes indeed, says Gartner research director Adrien O'Connell, who reckons Dell will not quit this year but may do …
Paul Kunert, 22 Mar 2013
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Dell ready to pay Icahn $25m to behave himself during buyout deal

The board of directors at Dell are so eager to look like they are doing their jobs selling off the company to the highest bidder that they are willing to spend tens of millions of dollars to cover the expenses for due diligence that three different groups – one led by company founder Michael Dell, and others lead by Blackstone …
The Register breaking news

Michael Dell mulls taking PC colossus private

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 …
Rik Myslewski, 04 Jun 2010
Dell chairman and CEO, Michael Dell

Microsoft to pump cash into Dell buyout deal?

The word on the street is that Michael Dell and his rich friends are having an easy time finding the many billions of dollars needed to do a leveraged buyout of the PC and server maker and take it private, especially now that Microsoft has entered the picture with as much as $3bn to invest in the deal. According to a report ( …
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Dell buy: Icahn puts more cash on table than Blackstone or Mike D

As El Reg expected, the deals offered separately by private equity firms Blackstone Group and Icahn Enterprises to take over IT giant Dell are not as generous as some have been arguing the company is worth. And, ironically, the company backed by activist investor Carl Icahn is offering considerably less than Icahn himself had …
The Register breaking news

Michael Dell snaps up Magnum photo archive

Michael Dell's investment tentacle, MSD Capital LP, has acquired the Magnum Photos agency's extensive print archive for an undisclosed sum, Bloomberg reports. The deal secures around 185,000 images representing the work of 103 photographers between the 1930s to 1998. The archive will reside for five years in the Harry Ransom …
Lester Haines, 03 Feb 2010

Dell directors foresee unremitting brutality in PC market

The global PC business is in a woeful state, and Dell founder, chairman, and CEO Michael Dell thinks the best way to put his eponymous company back on top is give it reconstructive surgery away from the prying eyes of the public stock market. In a 274-page proxy filing with the SEC on Friday, information trickled out about …
Jack Clark, 30 Mar 2013
Star Trek Into Darkness

EMC II, VMware and the future: Unpicking the house that Joe built

Comment Look guys, the options are pretty limited. If VMware can't leave the EMC Federation and the Federation somehow has to upvalue itself for investors and find shares priced high enough to pay off Elliott Management, then one bit of the Federation has to buy the rest or the Federation has to be acquired/merge with a white knight. …
Chris Mellor, 06 Aug 2015
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Icahn, SAM to give MickeyD the boot if they take over Dell

Michael Dell wants to take his company the company that bears his name private, but he might be polishing up his resume instead in a few months. Activist investor Carl Icahn and Southeastern Asset Management made it clear last Friday that they were not happy with the proposed $24.4bn takeover of Dell by the company's founder, …

Lynch mob of bankers say they'll stump up cash to take Dell private

Dell is a little bit closer to selling itself off, with at least four major banks willing to put up the money, according to knowledgeable sources. The rumour, reported by Reuters, was enough to send shares in the PC firm up over 7 per cent in New York trading yesterday. Dell is supposedly looking for private equity buyers to …
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Dell slaps back at HP after Meg's 'uncertainty' diss: You're flip-floppers

Dell's global channel boss has accused HP of flip-flopping on its direct sales strategy, claiming its archrival has failed to create a stable platform where partners can feel secure investing their resources. The war of words erupted after HP CEO Meg Whitman recently told resellers at its Global Partner Conference (GPC) that …
Paul Kunert, 04 Mar 2013
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The real reason why Dell wants to go private: To fondle big Boomis

Dell has added an API management tool to its Boomi platform, which connects up clouds and in-house applications. The new component - which monitors and controls software interfaces used to hook together various services within an enterprise - is included in an upgrade that also adds new integration and process management …
Jack Clark, 07 May 2013
Dell Copper ARM server sled

Dell storage sales drooping while others thrust up

Dell's storage sales are down, reflecting lost EMC storage revenues and selling issues. Aaron Rakers, a Dell-tracking financial analyst at Stifel Nicolaus, has looked at Dell's quarterly 10-Q statement to the SEC and uncovered a drooping sales trajectory in storage. Dell's storage revenue for its latest quarter was $444 million …
Chris Mellor, 05 Jun 2012
Dell chairman and CEO, Michael Dell

Fund manager says Dell board has no skin in the buyout game

Southeastern Asset Management (SAM), the largest shareholder of Dell outside of the company's founder, Michael Dell, is complaining about the leveraged buyout deal that was announced a month ago. And the special committee of Dell's board members has fired back, saying that the deal is fair and so is the process that is being …
Dell chairman and CEO, Michael Dell

Dell snaps up Enstratius for cloud wrangling

Having bought a slew of management tools for server virtualization and clouds either directly or through its acquisition of Quest Software, the last thing you might think IT giant Dell needs is another cloud management tool. Wrong. Dell has just inhaled Enstratius to give it a SaaSy cloud control freak to complement its existing …
The Register breaking news

Dell expects slow Windows 8 demand in enterprise

Microsoft is betting big that Windows 8 will revive its flagging fortunes, but the feedback from Dell is that the new operating system will be a consumer release, and it's not expecting too much impact from Redmond's Surface tablets either. In the earnings call to discuss its latest financial results, Dell's CFO Brian Gladden …
Iain Thomson, 21 Aug 2012
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Dell quarterly revenues down 8% on poor desktop performance

Wall Street analysts were expecting a drop off in Dell's business and they won’t be disappointed, with the company reporting revenues down 8 per cent for the second quarter of the year. Dell blamed the drop on poor performance in its PC and mobile divisions, saying that its consumer PC lines were down 22 per cent on the year and …
Iain Thomson, 21 Aug 2012
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Acer still rumbling along toward end of runway - but no sign of liftoff

Acer sales have slumped to a nine-year low, prompting senior industry figures to question if the once high-flying notebook maker is running out of runway. The Taiwanese firm has reported a 26.6 per cent year-on-year revenue decline for Q2 to NT$60.1bn (£1.24bn, $1.93bn), the lowest quarterly sales since 2006 when Acer was …
Paul Kunert, 14 Jul 2015

Michael Dell mulls 'Newcastle Utd investment'

Here's an odd one, from the sports pages of yesterday's Daily Telegraph (can't find a link online, sorry). Citing reports, the paper says Michael Dell is mulling an investment in Newcastle United, the Premier League football club. Indeed the Texan tycoon is "thought to be due to meet Newcastle's billionaire owner, Mike Ashley, …
Drew Cullen, 15 Aug 2008
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Dell's server, net bizzes do well, but PCs slammed as expected

If Michael Dell and his partners had hoped to turn in a bad quarter to help justify the relatively low price the Dell & Friends consortium wants to pay to take the IT giant private, Dell's sales force in the enterprise server, networking, and services units did not do their part to help. The PC business did – but not as much as …

Michael calls in Michael to sort out Dell

Battered Dell has moved to get its act together by drafing in a tech manufacturing veteran to oversee its global operations. The vendor has had a terrible year, what with exploding laptops, service complaints, HP taking the number one PC spot, and Michael Dell having to jump back into the CEO seat. Michael Dell is looking to …
Joe Fay, 15 Feb 2007
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Michael Dell faces questions in crime-camera case

Michael Dell, chairman and CEO of the eponymous computer vendor, has been deposed by a New Orleans judge in a lawsuit concerning double-dealing in that famously corrupt city's crime-camera program. The lawsuit is heinously complex, but we can safely say that it accuses the computer vendor of acting improperly when providing a …
Rik Myslewski, 19 May 2009
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Icahn and Blackstone to take separate runs at Dell

Those who wonder just how much Michael Dell wants to take control of the struggling IT giant that bears his name don't have long to wait. Private equity firm Blackstone Group and activist investor Carl Icahn are both reported to have tossed in bids to take control of Dell, the company, before the "go-shop" period of the …

Rumors say Dell again thinking of going private

IT supplier Dell is rumored to be thinking about taking itself private, getting out from under the expectations of Wall Street and going under the thumbs of the private equity firms that would fund the self-acquisition. According to a report at Bloomberg, which claims to have talked to two people "with knowledge of the matter," …
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Dell & Friends get the green light on take-private deal

The word on the street late last week was that Michael Dell, Silver Lake Partners, and the banks behind them, who are trying to take the IT giant that bears the founder's name private through a leveraged buyout, were not going to raise their $24.4bn offer to counter a competing recapitalization plan put forth by Icahn …

Dell: Shhh, don't tell a soul, but the PC sector ISN'T doomed...

HPC blog Dell’s move to take itself private has the tech world buzzing. There’s a lot of talk about the motives behind the deal. Some say Dell is doing it to escape the quarterly visit to the Wall Street meat grinder, where either you meet (or exceed) their expectations or get ground into a fine slurry. Going private frees Dell of public …

Dell storage still staggering a year after EMC break-up

Dell's storage business is not keeping pace with its servers and networking business. This could be a lingering effect of its changed storage strategy, in which it has stopped reselling EMC storage and begun flogging its own acquired Compellent and EqualLogic gear as part of a "converged" solution. But it appears that customers …
Chris Mellor, 20 Nov 2012
The Register breaking news

Gunman takes potshots at Dell HQ, chopper search ensues

Labor Day ended with a bang at the Dell headquarters in Round Rock, Texas, after an unidentified shooter fired a number of rounds though its windows. At least three shots were fired at Building Seven on the Dell campus at 9:30pm on Monday night, with the first floor windows of a breakout room falling victim to some senseless …
Iain Thomson, 05 Sep 2012

Keep calm and carry on flogging: Dell soothes troops as buyout looms

Analysis While IT, finance and private-equity barons plot the fate of tech giant Dell, its employees have to get on with making, selling and supporting the company's myriad products. And in the past month, they have had to field a lot of questions from customers asking about the proposed $24.4bn leveraged buyout deal that company founder …
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Dell's enterprise biz: Can you beat HP without being HP?

The head of Dell’s enterprise business last week claimed the firm was on track to take the number one spot in the x86 server market this year, kicking out incumbent HP. Marius Haas made himself a hostage to server market fortune as the Texan firm shipped its enterprise top brass into London to convince customers, and channel …
Joe Fay, 14 May 2013

Docker-ed vessel Portworx takes three Ocarina folk aboard

Startup Portworx is providing elastic scale-out block storage natively to Docker containers, so containerised apps can execute directly on the storage infrastructure and containers persisted and scheduled fluidly across machines and clouds. It says its PWX software product "enables the rapid deployment of stateful, distributed …
Chris Mellor, 22 Jun 2015