Dell’s acquisition of Perot Systems, the largest in the company’s history, is the first of many such deals, not a simple one-off. In an interview with Bloomberg, company CEO Michael Dell said the PC maker is eyeing more acquisitions as it looks to bolster sales to corporate clients.
David Johnson, the mergers-and-acquisitions specialist Dell hired away from IBM earlier this year, has clearly been busy these past few months. This morning, the PC maker announced plans to buy information technology services outfit Perot Systems for about $3.9 billion.
Dell’s profit fell 23 percent in its second quarter. Its sales fell 22 percent. But the company still beat Wall Street expectations, and that’s what counts these days. Dell shares spiked nearly seven percent when the news was released, oddly, three minutes before the close of trading Thursday.
It is true that we are exploring smaller-screen devices….For the last three years, we have integrated 3G radios into our notebooks. We already have agreements with many mobile carriers around netbook devices, so it wouldn’t be unreasonable to expect that we would have smaller mobile Internet devices or smartphones in the future.
– Dell CEO Michael Dell does his small part to push the Dellephone rumor along.
Wall Street expected lackluster results from Dell, and the Round Rock, Texas-based computer giant delivered lackluster. After market close Thursday, Dell reported its lowest fourth-quarter profit since 2002. Net income was down 48 percent, sales down 16 percent.
Dell: ‘How can we help [you to expand IT in Russia]?’
Putin: ‘We don’t need help. We are not invalids. We don’t have limited mental capacity.’”
– Dell CEO Michael Dell picks the wrong question to ask Russian Prime Minister Vladimir Putin at Davos
Weakening economic conditions have forced Dell to add a new benefit to its already tenuous employee salary packages: a week of unpaid leave. In an effort to “better position the company for long-term competitiveness,” the company is asking workers to consider taking five days off without pay–the theory being that five days off without pay is better than six months off on unemployment in a lousy economy.
As Steve Jobs would say: “BOOM.” Apple has eclipsed Google in market value. Apple’s current market cap: $159.37 billion. Google’s: $157.56 billion.
A tough act to follow, last year’s D: All Things Digital 5. How do you best, or even match, a 75-minute joint interview with Microsoft Chairman Bill Gates and Apple CEO Steve Jobs–a history-making history lesson taught by two principal protagonists of tech’s narrative? Summon Thomas Edison, Nikola Tesla and George Westinghouse from the dead to reminisce about the “War of Currents”?
Dell (DELL) will conclude its first first official analyst meeting in three years later today. And judging from the street’s tepid reaction to it, the company probably could have postponed it for yet another year. The big news this afternoon: Dell isn’t planning any large acquisitions, which for a company in Dell’s [...]
Dell (DELL) founder and CEO Michael Dell wasn’t kidding when he said cost-cutting is a company priority. Earlier this week, Dell reaffirmed its plans to reduce employee headcount by at least 8,800. But by the time he met with analysts this morning, Dell had apparently determined that reduction isn’t enough. Reuters reports [...]
Asked back in 1997 what he would do if he were CEO of Apple (AAPL), Michael Dell replied, “What would I do? I’d shut it down and give the money back to the shareholders.“
Put the same question about Dell (DELL) to Apple CEO Steve Jobs today and he might offer a similar answer. Dell [...]
Microsoft chairman Bill Gates, not Apple co-founder and CEO Steve Jobs, is the most influential IT personality of the past quarter-century.
This according to a survey of IT professionals conducted by the Computing Technology Industry Association. Asked to list the most influential tech personalities of the last 25 years, 84% of respondents listed Gates, and 73% [...]
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
Spectacular in the bellowing Russian sailor sense of the word …
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
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