https://www.scmp.com/rss/296210/feed Dell is a Texas-based technology company founded by Michael Dell, and is the third largest PC maker in the world after HP and Lenovo. In early 2013, it announced plans for a leveraged buyout by its founder, in partnership with a group of investors and Microsoft. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Dell, the PC maker embroiled in a takeover battle between its founding chief executive and activist investor Carl Icahn, on Thursday reported a 72 per cent slide in quarterly earnings as PC sales extended their downward spiral. Dell once led the world in computer sales and was held up as a model of production-chain innovation, but in recent years has become one of the more prominent victims of PC market erosion from mobile devices. Sales from its end-user computing division, which incorporates... https://www.scmp.com/business/companies/article/1297089/dells-quarterly-profit-plummets-pc-sales-shrink?utm_source=rss_feed https://www.scmp.com/business/companies/article/1297089/dells-quarterly-profit-plummets-pc-sales-shrink?utm_source=rss_feed Fri, 16 Aug 2013 01:41:30 +0000 Dell postponed a crucial vote on CEO Michael Dell’s US$24.4 billion buyout offer to July 24, buying time to solicit more proxy votes and drum up more support despite winning over several large swing shareholders at the eleventh hour. The company co-founder and partner Silver Lake fell short of the votes needed to push through the largest buyout since the financial crisis, even though Vanguard and BlackRock Inc are now on board with the proposal, a source familiar with the matter said on... https://www.scmp.com/business/companies/article/1285239/dell-postpones-meeting-buyout-more-votes-needed?utm_source=rss_feed https://www.scmp.com/business/companies/article/1285239/dell-postpones-meeting-buyout-more-votes-needed?utm_source=rss_feed Thu, 18 Jul 2013 03:02:00 +0000 Dell founder Michael Dell and his private equity partner Silver Lake would not raise their US$24.4 billion (HK$189.3 billion) bid for the world’s No. 3 PC maker even if a vote on their offer is delayed, two people familiar with the matter said. The outcome of a shareholder vote scheduled for Thursday on the offer is too close to call. Dell may decide to delay the vote to gain time to win support for the deal, a person familiar with the matter said earlier. With a nearly 16 per cent stake in Dell... https://www.scmp.com/business/companies/article/1284578/dell-founder-stands-firm-buyout-offer-vote-delay-mulled?utm_source=rss_feed https://www.scmp.com/business/companies/article/1284578/dell-founder-stands-firm-buyout-offer-vote-delay-mulled?utm_source=rss_feed Wed, 17 Jul 2013 03:59:15 +0000 Billionaire investor Carl Icahn plans to seek a higher price for his Dell shares in court and urged other investors to do the same, in an effort to block Dell founder Michael Dell’s US$24.4 billion (HK$189.3 billion) buyout offer ahead of a key shareholder meeting. Icahn opposes the proposal from Michael Dell and private equity firm Silver Lake, arguing it undervalues the PC maker, and has put forth a number of alternative options in concert with fellow Dell shareholder Southeastern Asset... https://www.scmp.com/business/companies/article/1280188/icahn-urges-dell-shareholders-seek-higher-price-court?utm_source=rss_feed https://www.scmp.com/business/companies/article/1280188/icahn-urges-dell-shareholders-seek-higher-price-court?utm_source=rss_feed Thu, 11 Jul 2013 04:18:40 +0000 Blackstone pulled out of bidding for Dell amid concerns about the personal-computer maker's finances and the worsening outlook for global PC sales. In a letter to Dell's board, Blackstone cited an "unprecedented" 14 per cent market decline in PC volume in the first quarter, according to a statement yesterday. The world's biggest buyout firm made a non-binding offer to acquire Dell last month, rivaling a US$24.4 billion joint bid by founder Michael Dell and Silver Lake Management, the largest... https://www.scmp.com/business/companies/article/1218263/blackstone-ends-pursuit-dell-sources?utm_source=rss_feed https://www.scmp.com/business/companies/article/1218263/blackstone-ends-pursuit-dell-sources?utm_source=rss_feed Fri, 19 Apr 2013 07:08:46 +0000 Dell's board is predicting another year of lacklustre growth in 2014 as demand for personal computers ebbs, underscoring the urgency behind its decision to go private, documents show. The firm's sales for the year ending in January will slip to US$56.5 billion, and Dell's PC business will shrink by US$10 billion over four years, according to projections in a proxy statement filed with regulators. Its operating income will be stagnant at US$3 billion, according to the documents, which shed light... https://www.scmp.com/business/companies/article/1204242/dells-stagnant-sales-raise-pressure-buyout?utm_source=rss_feed https://www.scmp.com/business/companies/article/1204242/dells-stagnant-sales-raise-pressure-buyout?utm_source=rss_feed Sun, 31 Mar 2013 16:00:00 +0000 Michael Dell, the reclusive founder of Dell, the world's third-largest PC maker, is controversially trying to privatise his company, and will take on a US$16 billion debt to do so. Dell is not the first entrepreneur to decide he is no longer happy running a listed corporation and being accountable to shareholders and regulators who, it seems, are stifling his ability to do what he wants with the company he founded in 1984 at the age of 19. Maybe Dell - America's 22nd richest person last year... https://www.scmp.com/business/money/money-news/article/1150987/whom-dell-tolls?utm_source=rss_feed https://www.scmp.com/business/money/money-news/article/1150987/whom-dell-tolls?utm_source=rss_feed Sun, 17 Feb 2013 16:00:00 +0000