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Articles about Michael Dell

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

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

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 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 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 …
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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 …
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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 …
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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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, …
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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
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Michael Dell snubbed by quarter of his shareholders

A quarter of Dell's shareholders have withheld support for reinstating company founder Michael Dell as chairman of the company. Although the shareholder vote, detailed in an SEC filing, will have no immediate impact it is a big psychological blow - shareholders typically vote in favour of directors' resolutions, or don't bother …
John Oates, 18 Aug 2010
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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
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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

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

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 …
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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 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

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

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 …

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
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Dell chief biz gobbler Johnson flees for hedge-fund Blackstone

'Tis the season for executive management changes. David Johnson, the mergers and acquisition chief that Michael Dell lured away from IBM, is leaving Round Rock to return to the Empire State. Johnson was responsible for architecting Dell's expansion into services, storage, and software after leaving Big Blue. A Dell spokesperson …
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
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
Image of 'smiley face' crater photographed by NASA's Messenger Mercury orbiter

Dell's PC biz craters as servers and networking chug along

If you want a proxy for what people think about the proposed $24.4bn buyout deal of Dell by company founder Michael Dell and private equity firm Silver Lake Partners, don't look at the company's stock price, look at its financial results for its fourth quarter. Wall Street is worried about what Dell is going to do with the PC …
Dell chairman and CEO, Michael Dell

Big Dell shareholder says LBO is 'woefully inadequate'

The price that something is worth is not what you can come up with in some spreadsheet, but rather the price that someone will pay for it. That was a hard lesson for Southeastern Asset Management (SAM) to learn when it heavily invested in Sun Microsystems before it was ultimately sold to Oracle, and this could turn out to be yet …
Dell chairman and CEO, Michael Dell

Dell and pals pop $51m into all-flash array upstart's wallet

While Dell the man is busying himself with taking Dell the company private, Dell Ventures has taken the lead in a $51.6m second funding round for all-flash array startup Skyera. Dell alone - of the major systems and storage vendors - has no all-flash array strategy, at least not a public one. In November last year its storage …
Chris Mellor, 22 Feb 2013
Google Chocolate Factory

Speaking in Tech: 'Right to be forgotten' ruling – what would Google do?

speaking_in_tech Greg Knieriemen podcast enterprise Hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week, Ed is out so it's just Sarah and Greg stirring up the week's tech news. This week we discuss… Revving through San Jose (1:00) Sarah's 4th (3:35) Box gets more money (4:50) Public vs Private cloud for file …
Team Register, 09 Jul 2014
Dell chairman and CEO, Michael Dell

Dell wants to be more than your box provider

If you are sitting around bored at work and you happen to keep a bottle of whisky in your desk, I have a new drinking game for you. In fact, you better switch to beer. The game is simple: log into the keynotes at Dell World 2012, which is being hosted by Dell this week in Austin, Texas, and every time one of the top brass says " …
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Microsoft Dell deal would restore PC makers' confidence

The PC business could experience not one but two seismic events on Monday. First, the world’s third biggest PC maker is expected to announce a $20bn leveraged buyout, taking it off the stock market and putting it back into private hands. Twenty-five years after Dell floated, the PC maker’s management would no longer be …
Gavin Clarke, 02 Feb 2013
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Notebook price war slams Dell's revenues, slashes profits

A price war at the low-end of the notebook PC market where Dell has chosen not to participate plus a slump in PC sales where it is fighting to win buyers is wreaking havoc on Dell's financials. In the company's third quarter of fiscal 2013 ended on November 2, consumer mobile PC revenues were down a staggering 30 per cent. The …
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Dell names ex-CA CEO as software chief

Dell has appointed a former tech company CEO and blue-chip middleware executive to lead its software group. John Swainson has just been named president of Dell’s software business – and he's due to start on 5 March. Swainson will report to Michael Dell, company chairman and CEO. Swainson was CEO of CA between 2005 and 2009 and …
Gavin Clarke, 02 Feb 2012
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Dell dithers over fresh fondleslabs

CES 2012 Week Dell has revealed intentions to corner the consumer fondleslab market by the end 2012, promising to turn up to the soirée this time with enough party-poppers for everyone. According to chief commercial officer Steve Felice - who spoke of Dell's tablet ambitions in an interview with Reuters - the company was …
Caleb Cox, 11 Jan 2012
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Dell signals Windows 8 fondleslab range

At Dell World today Michael Dell pretty much said his company will produce a Windows 8 tablet. He said that fondleslab sales on Android had failed to take off. Talking about tablets he said: "You'll see us very much aligned around the Windows 8 introduction." He added that a range of slabs will be introduced. The understanding …
Chris Mellor, 14 Oct 2011
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Friends with money: Dell's big bet on private finance

If not a gambler, Michael Dell seems certainly a born showman. With his 50th birthday on the horizon, when most people his age and with his billions might be thinking of slowing down or going philanthropic, he and his PC company have begun a brand new phase. Dell, a native of the brassy US state that lends its name to a brand of …
Gavin Clarke, 07 Feb 2013
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ICAHN'T with this guy: Activist investor gives up battle with Big Mike

Activist investor Carl Icahn has announced that he and his partner Southeastern Asset Management are giving up the fight to stop Michael Dell from taking the PC maker private. Icahn said in an open letter to shareholders that he still thought that Big Mike's $13.88 per share offer for the firm undervalued it, but had decided …

Enterprise and govt chief Bell exits Dell

Dell has done a little executive boardroom chair-moving this morning, announcing that Paul Bell, a long-time executive who has run various units of the company and who is currently president of its Public and Large Enterprise group, will be departing the company. Bell has been at Dell for 15 years and has previously run its EMEA …
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Dell bundles up SQL Server 2012 data warehouse appliance

Dell might be chasing large enterprises like mad these days, but it has not forgotten the small and medium business customers that made the company a player in IT. SMBs need data warehouses as much as the big boys, but they have less money and less skills with which to slap one together. That's where, Dell hopes, its QuickStart …
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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