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DELL - Dell Inc.


txlaw

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I have said this before, its not just Dell's client business that is under attack, its also the server business

 

If I may interject, my experience has been that it is not just cloud computing/VMs threatening the server market, you are also reaching unneeded capacity with Moore's law.  I have seen many servers not get upgraded, despite being 4, 5, 6 years old simply due to there being no performance issues.  Why buy a new box and go through the reinstall when you can just roll the warranty another year?  I suspect the average replacement period for servers is going up as a result.

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  • 4 weeks later...

 

I got a call yesterday asking me to vote for the Board's recommendation and that they could take my vote over the phone. I told them I sent in my vote. They asked if I would tell them how I voted and I said I voted against the Board's recommendation. They said thank you and hung up.

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Guest wellmont

Meeting was adjourned without a vote. 

 

New meeting 7/24/13 at 6pm

 

the "independent committee" doesn't have the votes lined up for MSD quite yet....

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Meeting was adjourned without a vote. 

 

New meeting 7/24/13 at 6pm

 

the "independent committee" doesn't have the votes lined up for MSD quite yet....

 

That doesn't seem right that you can delay the vote at the last minute because you have to garner more support. I hope Carl gets ahold of DELL and brings in a new CEO.

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Meeting was adjourned without a vote. 

 

New meeting 7/24/13 at 6pm

 

the "independent committee" doesn't have the votes lined up for MSD quite yet....

 

That doesn't seem right that you can delay the vote at the last minute because you have to garner more support. I hope Carl gets ahold of DELL and brings in a new CEO.

 

Yes, it's crazy that this is allowed. Michael Dell is a real lowlife.

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Meeting was adjourned without a vote. 

 

New meeting 7/24/13 at 6pm

 

the "independent committee" doesn't have the votes lined up for MSD quite yet....

 

That doesn't seem right that you can delay the vote at the last minute because you have to garner more support. I hope Carl gets ahold of DELL and brings in a new CEO.

 

Yes, it's crazy that this is allowed. Michael Dell is a real lowlife.

 

This isn't so bad, compared to when Dell essentially cooked the books (massaged earnings) in the 2000s through illegal kickbacks from Intel, and used this steady earnings growth along with a massive buyback of stock north of $30 to cash out a lot of his position . . . now he is using that stock to take the company over at $13.65, and purposely tanking earnings this year to make it easier.  Good work if you can get it I guess.

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Can someone explain to me why Michael Dell is "stealing" the company?

 

His bid requires a majority of the shares he doesn't own to vote yes right? If it's a bad deal shareholders should vote no.

 

Let's assume that he is getting a great deal  -- if it's so absurdly undervalued why isn't there a higher offer out there -- say for $14 or $15 a share for the entire company?

 

As value investors we can buy shares in companies that we think are worth 30, 40, 50, 100% less than their true price. Why can't a company's ceo/founder/shareholder try to buy out the whole company at an attractive valuation.

 

Would it be different if he stepped down as CEO and attempted to buy the company simply as a large shareholder/founder?

 

I'm neither long nor short Dell.

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