Articles about Private

Stock market. Pic: Alberto Carrasco Casado

Major Colt Group investor bids to take sickly biz private again

Fidelity, the majority shareholder in LSE-listed telecoms biz Colt Group, has bid 190 pence per share to buy the remaining stock and take the ailing firm private. The proposed transaction equates to a 21 per cent premium on yesterday’s closing share price and is 34 per cent up on the rolling average for the past twelve months …
Paul Kunert, 19 Jun 2015
By michandryan  http://www.flickr.com/photos/49291777@N05/  licensed under creative commons attribution

Dell tells customers: 'Opt out' if you don't want a channel service

Dell is asking half a million customers Stateside to hand over their privates to channel partners or to actively "opt out" of a sweeping programme to reduce the number of accounts the firm services directly. As previously revealed, between 200k to 500k customers in North America – presumably those not deemed large enough – …
Paul Kunert, 31 Mar 2014

Dell tells staff: If you haven't got stomach for private era, leave

Privately owned Dell has told staff that might not share senior management's "passion and enthusiasm" for the next era that they better shape up or ship out… with a wedge of cash in their pockets. A Voluntary Separation Programme (VSP) was coughed yesterday as confirmed in an email from CFO Brian Gladden and Steve Price senior …
Paul Kunert, 4 Dec 2013
Dell logo in crosshairs

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
michael_dell

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, …
BlackBerry logo

Sources spill CEO Heins' beans: BlackBerry 'open' to going private

The board of BlackBerry is considering a private buyout of the company, saying that delisting would get shareholders off its back and give it freedom to move. The rumour comes from Reuters, which reports "several sources" claiming that discussions have been had with various private equity companies, and enterprise computing …
Bill Ray, 9 Aug 2013
Racks inside Rackspace's Sydney Data Centre

Rackspace spends big bucks to peddle its cloud vision

Rackspace Hosting may be growing its cloud business much faster than its overall business, but the company's rate of sales growth is declining and its profits are also getting pinched. It is tough not to root for Rackspace, one of the founders of the OpenStack cloud controller project and a big hoster that is transforming …

Does a cloud have to be public, or can it be private?

Is "private cloud" an oxymoron? Or just plain moron? The top brass at Amazon Web Services have been very clear since the launch of the e-tailers public cloud in 2006 that they do not believe in private clouds running in corporate data centers, and that to be a cloud, by definition, means being a shared public utility and not …
Dell logo in crosshairs

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 …
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

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 …

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 …
Dan Olds, 7 Feb 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 " …

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 …
michael_dell

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 …
The Register breaking news

Biz bazaar Alibaba goes private, watches shares soar

Shares in China's Alibaba.com jumped 43 per cent today when it announced it was going private. Parent company Alibaba Group said it was going to pay shareholders HK$13.50 for their stocks, a premium of around 46 per cent on the last closing price before the announcement of HK$9.25. Shares have since spiked to HK$13.20 as …
The Register breaking news

Rackspace: 'We want to be your OpenStack maniac'

Rackspace Hosting, one of the cofounders with NASA of the open source OpenStack cloud fabric, is moving one step closer to running the OpenStack private cloud that you may be contemplating building. After reporting its financial results for the third quarter, the company – which is known for its "maniacal technical support" – …
channel

Unisys takes Secure Cloud private

Server and services company Unisys launched its homegrown cloud computing service in the summer, and now it wants to sell companies a chip off the Secure Cloud block and let them install local versions of the Unisys cloud inside their own data centers. The Secure Cloud that debuted in late June can be thought of as a test bed …

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