“Dell Inc. Chief Executive Michael Dell, pushing to save his buyout heading into another frantic week, said that even if the deal were to fail he would stay at the company he founded, though he wouldn’t sell assets or commit to any leveraged recapitalization as some shareholders have advocated,” David Benoit reports for The Wall Street Journal.
“Those comments, in an interview with the Wall Street Journal over email, come as Mr. Dell attempts to persuade the special committee of his own board to accept an offer of a price bump and a rule change he and his private-equity partner made last week,” Benoit reports. “The committee has until Aug. 2, under a deadline the buyout group already pushed back, to decide.”
Benoit reports, “The comments could signal to shareholders planning to vote against the deal that unless those shareholders also support a proxy fight from activist shareholder Carl Icahn, they may not get any payout outside of the buyout deal.”
Read more in the full article here.
MacDailyNews Take: Steve’s no longer with us, but the desperate havoc he unleashed rages on.
[Thanks to MacDailyNews Reader “Jack F.” for the heads up.]
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A captain always goes down with his ship. And this ship is powered by MS. Do you suppose it will go belly up?
[[Steve’s no longer with us, but the desperate havoc he unleashed rages on.]]
It will take a long time for MSFT to go belly up, but after 2014 MSFT will be totally irrelevant in the computer OS industry, and Steve Ballmer will be “retired”. You can iCal it.
I meant is Dell going bankrupt, not MS. But I am confident in Balmer’s proven abilities. They have already copied Hewlett Packard’s tablet catastrophe. And now, they are getting stubborn about it.
MDN take is right on. May the havoc continue until it has accomplished it’s intended purpose. All of these non-Apple undeserving beneficiaries of the beginning of the computer industry now must move aside for the greater good of humanity and let the the real innovators take over. Dell and Ballmer are decidedly not innovators but self-serving tech procrastinators milking something way past it’s expiration date.
So, in other words, Dell and Microsoft are not to be defined as ‘Beleaguered’, but rather, “Curdled”!
Michael Dell proclaims himself Dull Emperor for Life.
They should rename Dell Computer to Dull Computer.
“Hey Dude, you got a Dull.”
Dill is in a pickle
Dell is in a peckle.
Whose to say the new owners want him to run the company? Look at what he has done to it!
Mr DELL may want to stay; however, the choice to leave on own two feet or on his arse may be the final offering.
“No ship should go down without her captain.” -Khan Noonien Singh
Beleaguered