“Shares of Dell Inc. slid Friday following reports that CEO Michael Dell and Silver Lake will not be raising their proposed privatization bid for the PC maker, which is due to come to a shareholder vote later this month,” Dan Gallagher reports for MarketWatch.
“Dell took a significant tumble, falling 2.3% to $13.03 — the lowest closing price for the stock since before the company announced the privatization deal on Feb. 5,” Gallagher reports. “Bloomberg, citing unnamed sources, said Dell and Silver Lake believe their offer ‘represents a fair and significant premium’ to what the stock would trade at if the deal fell through.”
Gallagher reports, “Dell shareholders are slated to vote on the privatization offer at a special meeting on July 18. In a filing earlier on Friday, the special committee of Dell’s board warned of ‘substantial downside risk’ for the stock if the deal falls through.”
Read more in the full article here.
MacDailyNews Take: Gee, that’s too bad.
Steve the Destroyer strikes again! 🙂
SIDAGTMBTTS.
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The bells of St. Clements
Toil the end
For Micheal Dell.
Is that Saint Jobs conducting the Bell ringers I see?
Asses to Ashes
Dust to Bust
Those who act invincible
Soon turn to rust…..
Dell is still overvalued at $0.01….
Maybe the company but they do have some capital assets, pencils and staplers and what not….
RED staplers. Milton is alive and well and working in Dell’s basement.
Great movie! Thanks for the reminder!!
I tried to find a YouTube clip of this priceless moment, there’s not really any good ones there. 🙁
YouTube has slowly become more and more disappointing as major commercial interests pull down all the cool content for “copyright” reasons. Its too bad they couldn’t find a way to have the copyright holders benefit from people watching clips of their work instead of being motivated to pull it all down.
good riddance.
such cheap crapware.
if the world sucks and if the world economy does too, it’s all thanks to dilution of quality, standards, morals, vision, culture, intelligence etc. dilution does not work, does not last or sustain.
perfect examples of Dilution:
DullDell
MicroDough
GooDroid
Knockia
UncleSam
etc
perfect examples that work:
Apple
Germany
Mr Dell’s only claim to fame is being hailed for diluting/cheapening the industry.
that’s his vision – nada max?!!
wow. so, what made him the genius?!!
Mr Dell’s culture is all about dilution.
it caught up with him. in words (yeah, shut down AAPL) + in dough.
who’ll be remembered in history:
dilutionists, cheap skates, losers, tasteless leaders, fake charitable leaders i.e Billy Gates of Hell?
or
qualitative visionaries that do give a F?!
all the Apple bashers/naysayers/doomsters/Stockholm Syndromers are silly and wrong about Apple being dead and wrong about spending all their energies killing Apple when it is the only firm in the Black out of America and still the most innovative and the only U.S. product that Made in the USA is worthy of pride internationally.
but wishing Dell bad, is not so bad.
simply because it’s full of B.S. and dilution.
the world sucks enough, we need less dilution to save it.
Which is why I sometimes give stick on here, any country that has such strong if delusioned elements so determined to bring the likes of Apple down while championing the likes of Dell deserves to get criticised for it because such attitudes will eventually destroy the very Essence that built it in the first place. It’s pure self destruction that I have seen happen here in my lifetime and can’t believe its potentially being repeated. Western countries will never compete by working towards the lowest common denominator like Dell, cheap and cheerful is the province of Asia theses days and for the foreseeable future. Germany concentrates on high value products at its core and thrives on, it gave up on the Dells of this world a long time ago and it takes national pride in its high achieving companies. We all have to do the same and Apple epitomises that fact.
Dell can’t play the low-end PC game anymore, because a Windows PC needs to have a touchscreen be fully functional with Windows 8. A new PC without a touchscreen is a second-class citizen in the Windows world.
Meanwhile, Apple puts its money into things customers actually care about, such as flash-based storage, ultra-high resolution displays, and ten-hour battery life.
Result – Windows PC makers no longer have the low-cost advantage versus Apple’s Mac business. And they NEVER had the quality (and “coolness”) advantage. And that’s before we put iPad into the equation. Apple holds all the cards…
They can say “thank” to Microsoft.
Who? Oh, Dell. Wow, now there’s a trip down memory lane.
I really hope they go bankrupt so people don’t have to put up with the garbage. Apple should straight up deny any former dell workers a Job up keep their crap out of apple.
I long for the day when if you want a desktop or laptop, apple will be the only brand on the shelf
“I long for the day when if you want a desktop or laptop, apple will be the only brand on the shelf.”
I don’t long for this day at all. Competition and options are good things. Also – people don’t have to put up with garbage now – they choose to.
Some people deserve to use crap like Dell.
Why would you long for something like that? What do you do, eat a little zealotry and fanaticism with your froot loops every morning?
I for one want to see Dell reboot, thrive, and challenge everyone else out there. I’d like to see them:
1. Dump Windows and develop a new commercial LINUX. Maybe build a new mobile LINUX.
2. Hire real designers to create great looking hardware
3. Build their own ecosystem but make is so that people weren’t trapped. I.e. They support Windows, Mac, and their own LINUX based os.
There is nothing GOOD about companies failing. People losing their jobs is not something you cheer for. Chances are it’s not the faults of the rank and file but of crap management from the top down.
The crummier they are, the crumblier they fall…
Crap computers but they do make good monitors.
I strongly suspect Dell sell 3rd party Dell tagged monitors. Please enlighten me if this is not the case.
I’m pretty sure these are Dell monitors. In reading the reviews, I’ve never seen any notes that these might be rebranded. Their performance and appearance don’t line up with any other models.
So I’d be perfectly happy to see the computers go and the monitors stay.
Kewl! Thanks Mikey for the info. I know the sentiment.
The only PC in our house is my wife’s Dell laptop that her job forces her to use. She’s had three of them in the past 5 years. And all three of them have been a source of frustrating problems, and premature deaths
Dell absolutely sucks, but they still make better monitors for pro users than Apple does.
Which models are the ones that are better?
Any of the IPS models. They’re competitively-priced and they don’t have that damned glare.
He should shut it down and give the money back to the shareholders.
No, wait, he should just shut the flock up and drive the flock home.
Apple shares have crumbled, 45%. Just finished Job’s bio story. What a piece of human shit he was. Child abandoner, snitch fuck thief Woz, cry baby fuck all time was he wasn’t being an asswipe bully, and a liar and a skinflint fuck selfish POS. GLAD HE IS DEAD!
didn’t your mama teach you to not speak ill of the dead? that’s a lot of vile you spewed. I can assume you’ve never made a mistake or lost your temper?
” … snitch fuck thief Woz, cry baby fuck all time was he wasn’t being an asswipe bully …”
This doesn’t even make sense.
Hope you’re enjoying your Dell, Zune, Surface and Samsung gadgets. I’m sure anyone with as much hate as you have for Steve wold not think of using any of his products. And sounds like you deserve every one of them.
you can’t give the mo ey back to there shareholders; there’s nothing left to give them. (-;
Yet we still buy Dell laptops at work. I can only guess their bulk purchase maintenance package for enterprise is competitively priced. I’ll be nice and say this: each new Dell laptop I’ve gotten has been less crappy than the one before it. Really the only thing annoying me about my current model is some idiotic decisions they made regarding the keyboard layout.
——RM
2.3% isn’t that much…
http://in.reuters.com/article/2012/12/05/apple-shares-idINDEE8B40EX20121205
Check out Dell’s share history. The stock peaked at $56 in 1999. Effectively it has lost 80% of its value. Still being 20% of its high seems very kind given their failure to make money out of $14B revenue per quarter. Last quarter income was a measly $130M.
DEELDO and Micronuts will continue to survive for many years to come. The Corporate CIO/IT Minions knows that in order to survive they must continue to bend over and get a Cobb of Corn Husk Up their asses from the overlords MICRONUTS and DEELDO!
I wouldn’t have put it quite that way myself, but yeah.
Poetic. Sounds like something from a porn version of “Lord of the Rings”.
Buy a Dell, burn in Hell.
I am an Apple user since the secon Macintosh was the computer to buy. I have never owned any other brand since then. I have had to use windows machines since window befor windows 95 because I have worked for Xerox most of the time and they gave me lap tops to use for work. Having said that it does not help for a major player to fold their tent and disappear into the night. Dell’s competitors, including Apple, competitors to force them to make better and better products. Lack of competition causes companies to lose their focus and their edge and become complacent in regards to the needs of their customers . I have to say that I do have a big case of schadenfreude though. Michael Dell has to think before he bashes his competitors in the future.
There will be no one who will cry should it come to a Dell funeral. Just another nothing special PC box house who bites the dust.
What Dell really needs to deal is start cutting out those sub 500 dollar models, because they’re junk that falls apart.
Dell actually makes some very nice desktops and laptops, but they’re all in the range of 1,000+, its like you get what you pay for.
Apple doesn’t make low cost hardware, so they don’t make any bad products.
If Dell wants to get back into the game, its time to get out of 50 bucks a sale 400 dollar laptop/desktop game, and get into the good hardware game more than they are, and get new management. Seriously, they couldnt profit off 14 billion dollars? Shit is fucked up.
I’m not fan of Dell, though my work issued Dell Ultrabook seems pretty good for 1200 dollars, its not as good as my rMPB. Can’t complain about it.
If they focus on good well made premium hardware, and condense into a couple of models, they can come back. It worked for Apple. In the 90s they had tons of garbage confusing product lines, making money but couldn’t profit off it. They condensed their lines into a couple of models, and focused on customer satisfaction and well made machines. Worked for Apple, it can work for Dell.
Start offering Windows and Linux boxes more than they already do.
I don’t get Dell, they’re the company that owns Alienware, one of the VERY few PC makers that can match Apple in looks and build quality, why cant they learn?
I’m a die hard Mac user, always have been, always will for home. Forced to use Windows at work :(. Though due to my company discount I purchased an Alienware Mini to try my hand at PC gaming, seems just as well made as a Mac Mini if not a little bigger.
Though isn’t that the question? How does the company that owns Alienware put out such crap most of the time?
Though sometimes i look at PCs at the store. If you think Dells are bad, check out gateways?! Can you say Lego plastic.
And I think we can see another happening at Dell, Bean counters vs Engineers. Some of the new Dell Tablets, Ultrabooks, Mini desktops, convertible tablets, all look pretty innovative and very well made, like theres real engineers behind them. ( Anyone seen that XPS where the screen pops out of the frame? I wish my MBA could do that, but then I’d have to use windows for something other than work and gaming. fuck that )
But you don’t see Dell pushing those machines, you see them pushing the wal mart specials ” Buy This crappy desktop that looks good in a picture for 429.99! We’lll even throw in a old printer we couldn’t sell and tons of crapware you’ll never use! Buy me! ” then the customer buys it and hates it.
Get rid of the Bean Counters, Sounds like Dells needs their own Steve Jobs to set them straight.
Buying a dell tablet or shooting myself in the head, buying dell tablet or shooting myself in head….. Such similarities. One you would have to be brain dead to do, the other leaves you brain dead. Which is which? Lol
This is sad and funny at the same time. Long ago Apple was in trouble and Dell proposed that Apple should sell it and give money back to shareholders. And now Dell is facing the same predicament. It’s ironic isn’t it?