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Michael Dell promises greater investment in PCs and tablets

Michael Dell has revealed more details about his plans for the company if and when it goes private.

A memo from the Dell CEO to employees was included yesterday in a filing with the Securities and Exchange Commission and outlined a slew of costly promises for a restructured Dell.

One such promise is to invest more in PCs and tablets. Like many PC makers, Dell has tried to carve out a large chunk of the corporate market with servers, network gear, and other IT products. Michael Dell noted last year that the company has become more focused on IT services.… Read more

Dell cites uncertain prospects for PCs, Windows 8 in SEC filing

Dell painted a somewhat bleak depiction of its prospects in a recent SEC filing.

In a 274-page filing on Friday, the PC maker indicated market and product challenges on several fronts. In the filing, Dell makes a case for accepting a $24.4 billion offer to go private so it can be in a better position to deal with the myriad challenges facing the company.

Those included "the deteriorating outlook for the PC market as a result of, among other things, smartphones and tablets cannibalizing PC sales," according to the filing.

The SEC filing also cited "the … Read more

Dell buyout could be impeded by possible Blackstone bid

Blackstone is reportedly looking to get its hands on Dell before the Silver Lake and Michael Dell $24.4 billion buyout is complete.

According to Bloomberg, the asset management firm is supposedly considering a bid that could out-do what Silver Lake offered for the Dell acquisition. People familiar with the matter told Bloomberg that Blackstone has not yet made a decision and that it may bid as part of a group of investors. Reportedly, Blackstone has already reviewed Dell's finances after signing a non-disclosure agreement.

Dell announced in February that it had plans to take the company private via … Read more

5 consequences of Dell's $24.4 billion deal to go private

Dell's $24.4 billion deal to go private is a sign of the times. The PC market is collapsing, Microsoft is trying to save it, and the IPO isn't what it used to be.

The company is about to get a major transformation. Once the deal is completed (with a $2 billion loan from Microsoft as part of the financing), it will be owned by Silver Lake Partners and Dell founder Michael Dell. But what exactly does going private mean for the company? What impact will it have on the markets?

Here are a few potential consequences of … Read more

Dell buyout deal could happen Monday -- Reuters

Dell may be close to a deal that would take the PC maker private, Reuters reported this morning.

Citing "two people familiar with the matter," the news service reported that the company could announce an agreement as early as Monday. Expectations are that Dell would be bought out by a group led by its CEO and private equity firm Silver Lake Partners.

Later in the day, Reuters published a separate report, also citing two people familiar with the matter, saying that Michael Dell and partners were negotiating with the company at a price of $13 to $14 per … Read more

Dell eyeing buyout at $13 to $14 a share -- WSJ

Dell is reportedly looking to go private for a total asking price of $22 billion to $25 billion.

The company spoke with private-equity firm Silver Lake Partners about a leveraged buyout on Tuesday, The Wall Street Journal reported yesterday. Citing a "person familiar with the matter," the Journal wrote that the buyout group would include Silver Lake, Dell CEO Michael Dell, and at least one other investor, such as a pension fund or a sovereign wealth fund.

To meet an asking price of $13 to $14 a share, or $22 billion to $25 billion, Silver Lake and the … Read more