Michael Dell

Michael Dell is the founder and chief executive of Dell, the world's third- largest computer hardware manufacturer by revenue. He was ranked the 41st richest person in the world on 2012 Forbes Billionaires list, with a net worth of US$15.9 billion as of March 2012. He currently owns about 15 percent of the Round Rock, Texas-based company. Through his New York-based investment firm, MSD Capital, Dell also controls an investment portfolio worth more than $9 billion.

Dell founder ups his offer to take over PC maker

Michael Dell bowed to shareholder pressure yesterday in his battle to take the computer maker he founded private, but warned that his raised offer for Dell was the "best and final proposal".

Source: www.independent.co.uk | Date: 2nd October 2013

Michael Dell To Promote Entrepreneurship Globally For UN Foundation

Michael Dell and his company Dell Inc. have been emphasizing entrepreneurship and the innovation it brings over the past year. The company even launched an ad campaign in 2014 celebrating Dell’s roots as a dorm room startup.

Source: smallbiztrends.com | Date: 12th June 2014

Microsoft and the PC industry: Defenestrated

UNTIL August 23rd few people would have described Steve Ballmer as “retiring”. Microsoft’s chief executive has played both tiger and Tigger: snarling (toothlessly, as it turned out) at Apple’s gadgets; and bouncing, with a whoop, onto conference stages to extol his company’s wares. But retiring he is, within a year.Mr Ballmer’s departure is a surprise. He had announced a reorganisation of the company only in July and had hoped to oversee much of the change. Some celebrated his going: Microsoft’s share price went up by 7.3% on the day the news broke. Mr Ballmer has plenty of critics, although Microsoft’s revenues have trebled on his 13-year watch, to $77.8 billion in the year to June, and profits have grown similarly, to $21.9 billion. The critics point at the rise of Apple and Google, and say Microsoft should have done better—or handed some of its $77 billion of cash to shareholders. In an interview with the Seattle Times, Mr Ballmer denied that pressure from ValueAct, a fund with a small stake in the firm, helped push him out.Microsoft sits atop a pyramid of companies that prospered from the long boom in personal computers (PCs). The vast majority of PCs run on Microsoft’s Windows operating system and are powered by Intel’s processors. They bear the brands of Dell, Hewlett-Packard (HP), Lenovo and others, and nowadays are mostly made by Taiwanese...

Source: www.economist.com | Date: 2nd September 2013

Dell profits fall by 72% as sales flop

There was more bad news for struggling PC maker Dell over night as it reported another steep drop in profits.

Source: www.standard.co.uk | Date: 19th August 2013

Tech firms and their founders: Monarchs versus managers

THE epic struggle between two billionaires over the future of Dell has gone to another round. Michael Dell, the ailing computer-maker’s founder and biggest shareholder, has now been forced twice to postpone a vote on his proposal to buy out the firm and take it off the stockmarket, for fear that the deal’s critics, led by Carl Icahn, a veteran shareholder activist, may have enough support to scupper the plan.

Source: www.economist.com | Date: 12th August 2013

Icahn drops opposition to Dell sale

Billionaire investor Carl Icahn abandons his efforts to stop computer maker Dell being taken private.

Source: www.bbc.co.uk | Date: 10th September 2013

Dell profits fall by 72% as sales flop

Read full story for latest details.

Source: money.cnn.com | Date: 5th August 2013

Carl Icahn’s latest investment: Nice juicy Apple

iPhone, iPad, iCahn ALTHOUGH he is still stirring things up at Dell, an ailing computer-maker, Carl Icahn has found time to tilt at another tech titan. On August 13th the veteran shareholder activist revealed that he had built up a stake in Apple, though he stayed mum about exactly how many shares he had bought. Mr Icahn’s intentions, however, are crystal clear: he wants the consumer-electronics behemoth to expand plans to return some of its whopping $147 billion of cash and marketable securities to shareholders.Mr Icahn is also after more money at Dell, where he has been lobbying with allies against a proposed buy-out plan put forward by Michael Dell, the firm’s founder, and Silver Lake, a private-equity firm. His pressing has already forced the buy-out group to raise its initial offer by over $350m, to $24.8 billion and he has taken his battle to the courts in a bid to extract an even higher price.Other tech firms have been attracting the attention of activist investors too. Earlier this year ValueAct Capital, an investment fund, said it had built up a $2 billion stake in Microsoft. Jaguar Financial, a Canadian bank, has been...

Source: www.economist.com | Date: 19th August 2013

Dell investor Carl Icahn sues PC maker

American investor Carl Icahn has filed a lawsuit aimed at blocking changes in timing and terms for shareholder voting on a bid to take computer maker Dell private.

Source: www.telegraph.co.uk | Date: 2nd August 2013

Business news and markets: live

British construction activity jumped sharply in July to hit its highest level in more than three years, led by a surge in residential building, a survey of purchasing managers showed.

Source: www.telegraph.co.uk | Date: 2nd August 2013

Dell committee and buyout group close to a deal: WSJ

(Reuters) - Dell Inc's special committee and the buyout group led by the company's founder and chief executive, Michael Dell, are close to a deal, the Wall Street Journal reported, citing sources.

Source: www.reuters.com | Date: 2nd August 2013

Dell shareholders convene a third time as buyout battle escalates

ROUND ROCK, TEXAS/SAN FRANCISCO (Reuters) - Dell Inc shareholders convene for a third time on Friday to vote on CEO Michael Dell's $24.4 billion buyout, helping decide the fate of the No. 3 PC maker after months of dueling with Carl Icahn and other unhappy investors.

Source: www.reuters.com | Date: 2nd August 2013

Dell sweetens bid to $24.6 billion, board delays vote to Aug. 2

Michael Dell, facing the possibility that he would lose the company he founded to billionaire Carl Icahn, announced a last-minute increase to his buyout offer.

Source: www.latimes.com | Date: 25th July 2013

Icahn: I want to run Dell

Hedge fund manager Carl Icahn says he's in the fight to control Dell for the long haul

Source: money.cnn.com | Date: 23rd July 2013

Icahn slams Dell board as 'dysfunctional' ahead of vote on takeover

The board of troubled computer maker Dell has been labelled “completely dysfunctional” ahead of today’s pivotal meeting to decide the company’s future.

Source: www.standard.co.uk | Date: 23rd July 2013

Dell buy-back plan stalls

DELL has postponed a vote on a $US24.4 bn go-private buyout plan amid opposition by major shareholders.

Source: www.theaustralian.com.au | Date: 19th July 2013

PC maker Dell postpones shareholder vote on buyout plan

The delay suggests a lack of shareholder support for CEO Michael Dell's plan to take the PC maker private with a $ 24.4 - billion offer. Dell Inc. has postponed a shareholder vote on its $ 24.4 - billion buyout plan, a sign that not enough investors were on board with founder and Chief Executive Michael Dell's bid to take the company private.

Source: www.latimes.com | Date: 19th July 2013

Dell delays shareholder vote on buyout, indicating lack of support

Dell Inc. has postponed a shareholder vote on its $ 24.4 -billion buyout plan, a sign that not enough investors were on board with founder and Chief Executive Michael Dell's bid to take the company private.

Source: www.latimes.com | Date: 19th July 2013

Dell delays vote on buyout, sign it lacks support

ROUND ROCK, Texas — Dell has delayed Thursday's vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to rally support.

Source: www.latimes.com | Date: 19th July 2013

Dell buyout vote delayed as more supporters are sought

Dell has announced an eleventh-hour delay to a shareholder vote on its founder Michael Dell’s $24.4bn (£16bn) offer to buy the computing giant.

Source: www.independent.co.uk | Date: 19th July 2013

Carl Icahn preparing higher Dell bid

Billionaire investor Carl Icahn is preparing a higher bid for computer maker Dell ahead of a key shareholder meeting after proxy firms endorsed founder Michael Dell's $24.4bn buyout offer.

Source: www.telegraph.co.uk | Date: 12th July 2013

Nikhil Kumar: America is getting back to work, but there aren’t jobs out at the margins

The latest monthly unemployment report from the US Department of Labor confirmed that the world’s largest economy is on the road to recovery. Not only were the figures for June better than many had hoped for, but, crucially, estimates for jobs growth in previous months hadn’t been positive enough. The upward revisions in the data for April and May, higher by a combined 70,000, drove up the average for the three months to June to a healthy 196,000. That’s very close to the rate that economists believe the US needs to maintain to get better.

Source: www.independent.co.uk | Date: 8th July 2013

DealBook: Michael Dell Is Said to Be Encouraged by Board to Raise Offer

Pressure from shareholders has led a subcommittee of the Dell Inc. board of directors to ask the company’s founder, Michael S. Dell, to raise his offer to take the company private.

Source: dealbook.nytimes.com | Date: 4th July 2013

US STOCKS-Futures point to lower open, but data supports

Pressure from shareholders has led a subcommittee of the Dell Inc. board of directors to ask the company’s founder, Michael S. Dell, to raise his offer to take the company private.

Source: myaccount.nytimes.com | Date: 3rd July 2013

LA schools buy $30m worth of iPads

EVERY Los Angeles school student will be given an iPad with the forging of a record $US30 million contract with Apple.

Source: www.theaustralian.com.au | Date: 21st June 2013

Icahn revamps Dell offer

CORPORATE raider Carl Icahn has revamped his proposal for computer company Dell, while nearly doubling his stake in the company.

Source: www.theaustralian.com.au | Date: 19th June 2013

Takeover deals tumble as spirits flag in Britain

Mergers and acquisitions involving UK firms sank to their lowest level since the financial crisis in the first quarter of this year, amid waning confidence over the economy, the Office for National Statistics said today.

Source: www.standard.co.uk | Date: 6th June 2013

Infosys calls founder Narayana Murthy out of retirement

Outsourcing firm the latest to recall a founder or former chief executive to turn its fortunes round. One of the world's largest outsourcing companies, Infosys, has called its founder and former chairman Narayana Murthy out of retirement to head the company again, following the trend for major companies to bring back an old hand in times of trouble.

Source: www.guardian.co.uk | Date: 3rd June 2013

Dell Sets Date for Shareholder Vote on Buyout Bid

Dell will hold a special meeting for shareholders on July 18 to vote on its founder's proposed $24 billion buyout.

Source: www.foxbusiness.com | Date: 31st May 2013

Dell to hold shareholder meeting on proposed buyout July 18

May 31 (Reuters) - Dell Inc said it will hold a special meeting for shareholders on July 18 to vote on a proposed $24.4 billion buyout led by founder and Chief Executive Michael Dell.

Source: uk.reuters.com | Date: 31st May 2013

Dell profits dip amid struggle

Troubled PC maker Dell’s first-quarter profits have tumbled 79% as the battle continues for control of the firm.

Source: www.standard.co.uk | Date: 21st May 2013

Dell profit plunges on PC shift

US computer giant Dell said its Q1 profit plunged 79pc from a year ago, as a shift away from PCs hammered the bottom line.

Source: www.theaustralian.com.au | Date: 17th May 2013

Dell's earnings fall 79% as PC sales sag

The profit plunge could play into the hand of CEO Michael Dell and other investors, who are seeking to take the company private in a $24.4-billion deal.ROUND ROCK, Texas — Dell Inc.'s earnings plunged 79% in the latest quarter as the shift to smartphones and tablets reduced demand for the company's personal computers.

Source: www.latimes.com | Date: 17th May 2013

Dell profits plunge 79pc as consumers shun PCs

US computer giant Dell has seen quarterly profits plunge 79pc from a year ago, as a consumer shift away from PCs hammered the company's bottom line.

Source: www.telegraph.co.uk | Date: 17th May 2013

Icahn and Southeastern mount new fight to control Dell

Michael Dell faces a fresh challenge in his battle for control of PC maker Dell, the firm he founded, after two of its biggest shareholders proposed a rival offer to his buyout bid.

Source: www.standard.co.uk | Date: 15th May 2013

Dell Inc. and Carl Icahn agree on ownership-cap plan

Dell and Carl Icahn have agreed to cap his stake in the personal computer maker while a special board committee considers competing takeover bids from the billionaire investor, a group led by CEO Michael Dell and buyout specialist Blackstone Group.

Source: www.denverpost.com | Date: 18th April 2013

Dell is Back in Fashion

Michael Dell and Silver Lake Partners signed a definitive agreement to acquire the remaining 84.2% stake in Dell Inc. for $20.6 billion in cash on February 5th 2013. Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell. Michael Dell and Silver Lake will Partners will also acquire all the outstanding options and restricted stock unit awards of Dell Inc, and have agreed to roll-over 273 million shares of Dell's common stock. The transaction will be financed through a combination of cash and equity.

Source: english.pravda.ru | Date: 6th March 2013

Icahn sues Dell in latest attempt to foil buyout

(Reuters) - Activist investor Carl Icahn sued Dell Inc and its board on Thursday, his latest attempt to derail a $24.4 billion buyout bid by the computer maker's founder and CEO Michael Dell.

Source: www.reuters.com | Date: 2nd August 2013