Investor frustration with Dell has now hit its founder and CEO.
Twenty-five percent of Dell stockholders voted to withhold support for Michael Dell to serve on the board of directors at a Dell investor meeting on Thursday. The figure represented 377.8 million of 1.5 billion votes.
Though 75 percent approved retaining Dell as chairman, the "protest" vote was a clear signal sent by unhappy shareholders to the company, according to Patrick McGurn, special counsel for ISS, a proxy-advisory firm.
Must be a slow summer Friday: Bloomberg cites "three people familiar with the matter" who say that Facebook won't go public next year. This follows up on somebody else's story last year about the company definitely not going public this year, and another report the previous year about Facebook not going public last year, and so forth. Basically, every so often there's yet another report that Facebook is delaying a potential IPO. Again.
Granted, this sort of update about Facebook not going public is undoubtedly of value to the financial-services audience who read Bloomberg's … Read more
An Intel executive's brandishing of a tablet design on Tuesday means rivals to the Apple iPad are a certainty.
And the first serious Intel-based designs will show up at Computex in June. "People ask me, are you serious about trying to participate in the tablet market? The answer is yes...The message is stay tuned for Computex," Intel Vice President Mooly Eden, who heads the chipmaker's client group, said at the Intel investor meeting on Tuesday.
Intel, not surprisingly, sees distinct advantages for devices based on its upcoming dual-core Atom for Netbooks and tablets. "(People) … Read more
Intel chief executive Paul Otellini, speaking at the chipmaker's 2010 investor meeting Tuesday, talked about market growth for PCs, tablets, and "smart" TVs.
"In 2010, for the first time, PCs cross a million a day. A million PCs a day--built, shipped, and sold in the industry. By 2014, that number basically doubles, it approaches 700 million units (annually) as the near-addressable market for our company," he said during an event that was streamed on the Web.
And within five years, Intel expects to be shipping a billion chips per year in all device markets, he … Read more
After years of Facebook executives and investors saying "not yet" to an initial public offering, 2010 finally looked like the year when it could happen.
Nope. Or at least that's what two major Facebook investors, Jim Breyer of Accel Partners and Yuri Milner of Digital Sky Technologies, said during an onstage talk at the Digital Life Design conference in Munich on Tuesday.
A live-blog of rough notes from the talk reveals that both Breyer and Milner ruled out the possibility that Facebook will go public anytime soon. "I am happy to announce that there will be … Read more
LOS ANGELES--Twitter didn't rake in $100 million because it was about to run out of money, investor and board member Bijan Sabet of Spark Capital said in a panel at the 140 Conference on Tuesday morning.
There was still money left over, Sabet explained, from what the company had raised from Benchmark Capital and Institutional Venture Partners in February, which followed Twitter's Series C round in the spring of 2008. Twitter, according to Sabet, raised the money from Insight Venture Partners and T. Rowe Price last month because it wanted to grow up: hire new people, launch new … Read more
MOUNTAIN VIEW, Calif.--Among the tech industry's up-and-coming, ad-supported business models appear to be out of fashion. Or at least that appears to be the trend among the companies that just graduated from the annual Boulder, Colo.-based incubator program TechStars. Representatives from some of those start-ups convened for an "Investor Day" at a Microsoft-owned auditorium here on Wednesday morning.
Founded by venture capitalists David Cohen and Brad Feld three years ago, TechStars accepts a total of 20 participants in both Boulder and Boston for a summer of development, seminars with industry veterans, and a small amount … Read more
Twitter just closed a massive funding round that reportedly has given it a billion-dollar valuation. Meanwhile, co-founder and chairman Jack Dorsey is making investments of his own: he's one of the undisclosed angel investors in geolocation start-up Foursquare, quite a few sources have told CNET News.
News of the New York-based Foursquare's venture round, led by Union Square Ventures, leaked earlier this month via an SEC filing. A source with knowledge of the deal's terms said that about $200,000 of that $1.35 million in funding was taken up by the angel investors, including Dorsey, but … Read more
If Dell's stock has gone down, why does it look like the overall compensation of the company's executive team gone up this year?
That was the most contentious question raised at Dell's annual shareholder meeting, held Friday morning at the Austin Convention Center. An investor who didn't identify himself asked politely why, when gross margins, operating margins, earnings per share, and market share had declined in 2009, it looked as if executives were getting more in return.
"Shareholders who held stock for 12 months lost half their money," the man said from the Austin, … Read more