dell

Icahn to limit Dell stake but can talk with other investors

Activist investor Carl Icahn has agreed to limit his stake in Dell but will be allowed to speak with other investors about a bid to buy the PC maker.

In a filing today with the Securities and Exchange Commission, Dell said that its special committee has reached an agreement with Icahn. The agreement bars Icahn from buying more than 10 percent of Dell's shares or partnering with other shareholders to own more than 15 percent of Dell. However, as part of the pact, Icahn has been granted a limited waiver that allows him to "engage" with other … Read more

Windows RT demand is weaker than hoped, Dell exec says

Microsoft had grand ambitions for its Windows RT operating system, but more signs are pointing to trouble.

A Dell executive today said demand for the company's first Windows RT device, the XPS 10, has been weaker than hoped, largely because consumers still don't really know what the operating system is or what it can do.

"Demand is not where I would like it to be at this point in time," Neil Hand, head of Dell's tablet and high-end PC business, told CNET. "The amount of market information about it is not good enough, and … Read more

PCs hit by an ugly quarterly drop as Windows 8 flops

It's really ugly in the PC market right now. How ugly? About the worst it has ever been, according to new reports from a couple of tech research firms.

First-quarter global computer shipments dropped 14 percent from the previous year, said International Data Corp., much worse than its forecast for a 7.7 percent decline. The pullback marked the worst-ever quarter since IDC began tracking quarterly PC shipments in 1994, and it's the fourth consecutive quarter of year-over-year shipment declines.

Rival tech research firm Gartner, meanwhile, said its data showed an 11 percent decline in first-quarter global PC … Read more

Intel's next-gen 'Haswell' chip now shipping to PC makers

Intel's "Haswell" chip is now shipping to major PC makers, a source close to the company told CNET today.

Intel's fourth-generation core, aka Haswell, is "shipping to customers now and will launch later this quarter," the source said.

Intel is expected to make a statement to this effect at the IDF Beijing conference next week.

Haswell, expected by June, is the next-generation mainstream Intel processor that will power ultrabooks and a variety of hybrids that straddle tablet and laptop designs. Haswell's new microarchitecture will deliver "the single largest generation-to-generation battery life improvement … Read more

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 CEO said to mull Blackstone buyout only with CEO assurance

It was assumed just a couple of months ago that Dell would go private with a $24.4 billion buyout under founder and CEO Michael Dell and private equity firm Silver Lake.

But several wrenches have been thrown into that plan.

Dell confirmed earlier this week that it had two possibly "superior" buyout bids, one coming from activist investor Carl Icahn and the other from private equity firm Blackstone. This means that if one of these two other potential bidders gets the prize, there could be a monumental power shift in the company.

Michael Dell is allegedly now … Read more

Dell confirms it has two possibly 'superior' buyout bids

Michael Dell might not be as close to taking his company private as originally thought.

Dell's Special Committee of the Board, a team tasked with considering other proposals for the future of its business, confirmed today that it has received two buyout offers. One of those offers comes from investment firm Blackstone and the other from Carl Icahn.

"The Special Committee, consisting of four independent and disinterested directors, has determined, after consultation with its independent financial and legal advisors, that both proposals could reasonably be expected to result in superior proposals, as defined under the terms of the … Read more

Dell board weighs competing takeover offers, report says

PC maker Dell has a competition on its hands to see who'll take over the company.

Until this weekend, a group led by founder Michael Dell had seemed to have things mostly sewn up with their $24.4 billion plan for putting an end to the Texas-based company's days as a publicly traded entity.

But now things have apparently gotten more complicated for Dell's board of directors. Reuters is reporting today, citing a source, that a special board committee is evaluating a pair of last-minute preliminary proposals, one from asset management firm Blackstone Group and the other … Read more