“Dell Inc., the personal-computer maker that lost almost a third of its value last year, is in buyout talks with private-equity firms, two people with knowledge of the matter said,” Serena Saitto and Jeffrey McCracken report for Bloomberg. “The shares surged.”
“The company is discussing going private with at least two firms, said one of the people, who asked not to be identified because the talks are private,” Saitto and McCracken report. “The discussions are preliminary and could fall apart because the firms may not be able to line up the needed financing or resolve how to exit the investment in the future, the people said. Several large banks have been contacted about financing an offer, one of the people said. The computer maker had a market value of $18.9 billion as of Jan. 11.”
Saitto and McCracken report, “Dell, the third-largest PC maker, is struggling to regain share in the market as consumers switch to tablets, including Apple Inc.’s iPad… CEO Dell owns 15.7 percent of the company, making it easier for firms to put together equity financing for the deal, one of the people said… Dell lost the top [PC unit sales] spot to Hewlett-Packard Co in 2006 and more recently has struggled to contend with new rivals, including Apple, in the consumer market.”
Read more in the full article here.
MacDailyNews Take: Why delay, Mikey? Just SIDAGTMBTTS now and be done with it.
Hello, Mikey? Miiikkkkeeeyyy?
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Ouch painful
Speaking of ouch painful, as of Friday’s clsoe, AAPL was only 25.89 times DELL.
(Friday was the data Wolfram Alpha had. It is probably less after today’s AAPL drop and/or if DELL was up today on this rumor.)
Only to the employees and shareholders. Mikey will still be worth a few billion. Not a bad retirement.
For the uninformed, what does your comment mean?
https://duckduckgo.com/?q=SIDAGTMBTTS
“Shut it down and give the money back to the shareholders.”
It means that Mikey is finally tasting the medicine he prescribed to Apple by closing the company down and returning the money to the shareholders.
… with the difference that Dell has ZERO intellectual property to reinvent itself. While HP has gone through the drains, at least they can claim they were pioneers.
Dell has never been anything but a glorified PC assembler. The had a good run, but the party sooner or later had to end. Microsoft is going down and it’s dragging a lot of their allies with them.
Will Dell be the first casualty of Microsoft’s demise? We’ll see.
Justice is a dish, best served warm.
And that taste is mighty sweet to us who endured the taunts of “beleaguered” Apple.
Michael Dell owns 15.7% of crap. At least he is losing along with the rest of Dell investors. But the Dell employees are the ones that are going to be left feeling the pain when their jobs are eliminated and whoever gets the company cheats then out of any retirement and health care benefits that they might have accrued over the years. Hint to employees – sell themDell stock in your 401K while it is still worth something. DCW…
Ballmer, on the other hand, wants to make his privates public.
BLN, you just caused me to blast a mouthful of beer over my iPad with that hilarious comment. Luckily, it wasn’t a Dell junktop or a Surface tablet, so after a thorough wipe, the iPad survived the shower.
+1
Me too!
At first I read that as “make his privates pubic.”
See BLN. That’s the benefit of staying on your meds. I almost peed my pants. 😆
It isn’t irony. It is tragedy.
Nope. It’s called comeuppance.
They built their business around Microsoft. Big mistake.
All Microsoft partners are learning that in the end Microsoft bites the hands that help them.
Well, that nails it.
Karma is real.
And it IS a bitch!
Getting equity fund money involved is a certainly the death of Dell. Mikey would be far better off just liquidating the assets, whatever they might be, and closing the place up. Equity firm involvement will result in same demise, it will just take longer. The one trick pony has run out of an audience.
Maybe he can talk to his buddies at Bain Capital and get them to gut the company…
Oops, sorry, this is supposed to be
Politics-free
Two-aught-one-three
This is the best news I’ve heard in over 16 years.
Chilling the ‘Dom Perignon’; ready to salute a toast to Mikey-Mike.
It’s about time that wanker finally gets his comeuppance.
Pride goeth before destruction, a haughty spirit before a fall.
adios, Mikey.
Micky is going to kick back and watch someone else say “Uncle” as the day will come Dell will have little to offer and will be reduced to an AMC or Packard status …..
Do have to give him credit for jumping ship, while it still has some tattered sails left ….
By Micky!
Michael Dell is worth nearly $3 billion? Wow! I should be so good. He will never have the impact of Steve Jobs though.
ya think?
There is nothing that MDN has had more fun with than Michael Dell. But, the celebration of Mike taking his own advice is now bittersweet since it may be the only way AAPL shareholders will have a decent way out of our company that has plunged into the very same direction as Dell. So, as we take our last hurrah of hubris over what Apple used to be, let’s start talking about how to get out of the mess that we are in.
We can begin with sending Tim Cook into retirement and let him try and fail to spend any of the fortune he has accumulated. Only thing wrong with this suggestion is the blind allegiance the crowd on this site seems to have for the hapless CEO. Get over yourselves, people. We’ve got real serious problems and we are going to need a new CEO to lead us out of them. And, for the love of God, please don’t tell me about Apple’s sales, profits, record quarter, or cash horde. Those things obviously are meaningless to AAPL investors. We’ve got to quit basking in the warmth of what once was and face up to what is. And, it ain’t pretty.
Rubbish.
‘We’?
ppeterson, did you just start buying AAPL when it hit $700 back in September or something? Those of us who have been buying AAPL for many years have already been well rewarded, and “we” aren’t worried about anything.
I will see you on jan 23rd I will have your slice of crow ready.
crow mignon, a rare medium well done?
There you go again. The record sales, profits, “destroyed the street,” etc., etc., DOES NOT MATTER to APPL investors. What DOES matter is what they see ahead – a company mired in “ordinary” contending with inferior products eating their lunch and no clue of what to do about it. So, fine with me SuperKmart to see me on the 23rd but the real test comes in the weeks that follow.
And for all you guys who have gloried in your now lost gains, time to satisfy yourselves with the reduced profits, pay the now higher capital gains tax, and celebrate your good fortune. Or, hang in there and lose some more. It’s up to you.
iCal this.
I sold quite a bit at $660 both because I had a feeling we would see the capital gains increase this year, and I wanted to make some of my profits real. I think we have some volatile days ahead, but long term holding will be fine.
I do agree with you that people should take profits along the way, but things are not gloomy for the long term.
We? You have a turd in your pocket? Don’t count me in that group. What a load of crap.
If true, I so wish S J was here to see this. Just so that we can hear what he has to say.. lol
I love the picture of Mikey!
He must have seat # 1 on the short bus to work!
At least get his own Blue parking spot!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!
Ahhhh….been a long time coming. Boy did that feel good.
Ha haw!
PRICELESS !!!!! Eat your word Mike ! Is this where fantasy becomes reality ? Mike hey Mike pssst buy AAPL !
This is the best story of the 21st century. btw does he look like a total dick in that picture?
oh thank gawd, the stupid dell era might be over. f*ck you michael dell.
Funniest headline ever! 😀
Now tha tDell has raked its shareholders over the coals, it’s time to take the company private in case they cake some kind of a comeback.
Better to keep all the money yourself than share it
😄 I just said in case Dell makes a comeback. 😉
I’ve said it before.
His eyes are too close together. Neanderthal-ish.
Hey Michael, could you go and team up with Ballmer?
Thanks,
All Technology Users.