Items tagged with NASDAQ: Dell

It's probably a bit premature to play Taps whenever the topic turns to Windows RT, but at the rate things are going, someone may want to type up an obituary just in case (Acer would be game). Windows RT is proving a tough sell, as evidenced by its lackluster market share and by deep price cuts, the latest of which comes from Dell. On the bright side, if you've been lusting for an XPS 10, now is the time to buy. Head over to Dell's website and you'll find that the XPS 10's starting price has been slashed to just $300, down from $450. The greater than 33 percent discount represents what a tough time OEMs are having in trying to move Windows RT tablets off of store shelves and into the hands of... Read more...
Three months ago, Dell's Board of Directors unanimously approved a merger agreement under which company founder Michael Dell and investment firm Silver Lake Partners would acquire the PC maker for $24.4 billion. Michael's plan is to take Dell private so he can run the company as he sees fit without the pressure of answering to shareholders each quarter, and while that still may happen, it's not a foregone conclusion. One person who's been aggressively opposed to the deal since the beginning in Carl Icahn. Mr. Ichan is viewed as the last major threat to the deal ever since the New York-based investment firm Blackwater Group LP pulled out of its pursuit of Dell by withdrawing an alternative offer... Read more...
Spooked by a recent report that global computer shipments are down nearly 14 percent in what might be the worst contraction ever in the PC market, New York-based Blackwater Group LP has pulled out of the running in its pursuit of Dell. By stepping aside, Michael Dell and private equity partner Silver Lake are almost assured of taking over the company. Citing un-named sources, Reuters reports that another factor leading up to Blackstone's withdrawal is a lower earnings forecast by Dell's bean counters. Dell's operating income dropped from $3.7 billion to $3 billion in the current fiscal year, and that's apparently too large of a discrepancy to ignore. Image Source: Flickr (Axel Schwenke) Blackstone's... Read more...
It wasn't all that long ago that mainstream gaming on Linux was virtually unheard of. Sure, solutions like WINE have been around for awhile now, but it's only recently that developers and gamers alike have truly started to embrace Linux as a viable platform. Even Dell is getting in on the action by announcing a lower priced version of its Alienware X51 with Ubuntu. The Alienware X51 is a small form factor gaming PC about the size of an Xbox 360 console, only much more powerful and flexible. We were so impressed with the machine that we gave it an Editor's Choice award at the conclusion of our autopsy (check out the full review). If you're willing to trade Windows for Ubuntu, you'll save a Benjamin... Read more...
It's tough to say what kind of resistance Michael Dell anticipated when decided to acquire the company he founded for $24.4 billion. Under terms of the deal, which was unanimously approved by Dell's Board of Directors, Mr. Dell and his investment partners will pay shareholders $13.65 per share in cash. That figure represents a 25 percent premium over Dell's closing share price of $10.88 on January 11, 2013, the last trading day before rumors surrounding the deal were first published, but not everyone is happy with the figure. Days after the deal was announced, Southeastern Asset Management wrote a letter to the board stating Dell's value is closer to $24 per share. Based on that belief, it deemed... Read more...
Dell's decision to go private (and Microsoft's $2B investment) are big news in the tech world today, but there's precious little in the way of hard evidence for why Michael Dell decided to buy back the company he founded as a college student back in 1984. The Microsoft angle has gotten a lot of press, but it's not the primary driver of the deal. In a $24 billion deal, two billion is only 8.3% of the total. It didn't buy Microsoft a seat on the board or governance rights. The obvious reason for Microsoft to invest in Dell is for product manufacturing; Dell could easily handle Redmond's Surface volume. It's entirely possible that a deal like this is in the works, but Microsoft's Surface isn't exactly... Read more...
It happened. Dell today announced it has signed a definitive merger agreement in which company founder, Chairman, and CEO Michael Dell will acquire the company for approximately $24.4 billion. Microsoft and Silver Lake Management are also involved the transaction, which had been rumored for weeks. "The Dell Board of Directors acting on the recommendation of a special committee of independent directors unanimously approved a merger agreement under which Michael Dell and Silver Lake Partners will acquire Dell and take the company private subject to a number of conditions, including a vote of the unaffiliated stockholders. Mr. Dell recused himself from all Board discussions and from the Board vote... Read more...
Dell, the third biggest PC manufacturer in the world, could be a private company by the time the weekend is over. While most of use are planning Super Bowl parties (go 49ers!), Dell founder and chief executive officer Michael Dell, along with private equity firm Silver Lake Partners, are trying to finalize a a potential $24 billion deal that would shift majority control of the PC maker to its founder. Silver Lake and Microsoft would then become minority investors, with Michael Dell owning 51 percent of the company. Why go private? One of the main reasons is it would allow Michael Dell and his partners to transform the computer company however they see fit and without having to answer to a Board... Read more...
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