Dell Posts

Dell Asks Carl Icahn For Specific Details On His Offer

Carl Icahn
Today Dell’s special committee asked Carl Icahn what the details are for his plans to acquire the computer maker company.  The details Dell requested include how he would finance the offer and who would run the company.  Carl Icahn and Southeastern Asset Management offered $21 billion in cash to keep the company public.  This deal rivals the $24.4 billion deal that Dell founder Michael Dell offered for the company.

Continue reading →

Dell Partners With Airbus For Helping Pilots Go Digital

Dell Logo
Dell Inc. has partnered with Airbus to offer electronic flight bag (EFB) systems for A320 airline operators.  EFBs are an electronic system that is used for viewing and interacting with flight crew functions.  It will replace paper operating manuals, airport charts, performance calculations, and navigation charts.

Continue reading →

Carl Icahn Agrees To Cap His Stake In Dell And Team Up On Bid

Carl Icahn is a billionaire investor that has agreed to cap his investment limit on Dell Inc.  He will be able to team up with other shareholders on a potential bid for Dell going forward. As part of an agreement, Icahn will not be able to bring his Dell ownership to over 10% or sign deals with other shareholders that would bring the collective ownership to over 15%.

Continue reading →

Blackstone Group Makes An Offer To Buy Out Dell

Private equity company Blackstone Group LP has submitted a tentative offer to buy out Dell Inc.  This deal rivals the $24.4 billion offer led by Silver Lake Management with participation from Dell founder Michael Dell and funding support from Microsoft.  According to sources with Bloomberg, the bid will commit Blackstone to takeover discussions with the company.

Carl Icahn Signs A Pact With Dell To Review The Company’s Books

Carl Icahn has signed a pact with Dell that will allow him to review the company’s financials.  Icahn signed a “confidentiality agreement” with Dell.  Dell’s board of directors is currently conducting a sales process and said last week that they will be welcoming Icahn into the process.  Last month Dell founder Michael Dell announced that he was going to take the company private through partnerships with Silver Lake, MSD Capital, and Microsoft.  Another private equity company, Blackstone Group, also signed a similar agreement in order to access Dell’s books.

Continue reading →

Carl Icahn Is Going To Fight The Dell Sale

Carl Icahn is going to fight the sale of Dell.  Icahn hinted at “years of litigation” if Dell does not cancel the $24.4 billion deal to sell the company to the founder, Michael Dell.  Michael Dell bought out the company with private equity company Silver Lake and a loan from Microsoft.  Icahn did not disclose how much stake he owned in Dell, but claimed that his holdings are “substantial.”  Supposedly Icahn owned a 6% stake in the company, which was acquired in recent weeks.

Continue reading →

Dell Reports Q4 Earnings

Dell has reported their fiscal Q4 earnings.  The company’s earnings fell 31% and they recorded double-digit revenue declines from their PC and mobile segments.  Dell has now reported 5 straight quarters of profit declines while citing growing pressure from tablets.  The company is also seeing intense price competition and macroeconomic issues.

Continue reading →

Box Is Giving 50GB Of Free Storage For New Users

There are a bunch of storage services out there including Amazon, Google Drive, Dropbox, Mediafire, Mega, Microsoft SkyDrive, and Box.  Box is going to offer a free 50GB account for new users and you just have to sign up with this link.  The deal is made possible through a Dell Exclusive Offer.  This deal is not expected to last long so make sure to sign up ASAP.