alwaysinvert Posted August 15, 2013 Share Posted August 15, 2013 Earlier release of Q2 earnings after market close. Tomorrow Icahn will be heard in court. A stab in the dark guess? Numbers won't surprise on the upside. Link to comment Share on other sites More sharing options...
Guest valueInv Posted August 16, 2013 Share Posted August 16, 2013 http://www.bloomberg.com/news/2013-08-15/dell-sales-profit-tops-estimates-ahead-of-buyout-vote.html So 5% drop in PC revenues, 8% increase in severs/storage sales but 72% drop in earnings. Sounds like one hell of a moat :P Link to comment Share on other sites More sharing options...
T-bone1 Posted August 16, 2013 Share Posted August 16, 2013 http://www.bloomberg.com/news/2013-08-15/dell-sales-profit-tops-estimates-ahead-of-buyout-vote.html So 5% drop in PC revenues, 8% increase in severs/storage sales but 72% drop in earnings. Sounds like one hell of a moat :P Icahn has complained that MSD started a PC price war this year to lower earnings, thus helping his case for a buyout Link to comment Share on other sites More sharing options...
A_Hamilton Posted August 16, 2013 Share Posted August 16, 2013 http://www.bloomberg.com/news/2013-08-15/dell-sales-profit-tops-estimates-ahead-of-buyout-vote.html So 5% drop in PC revenues, 8% increase in severs/storage sales but 72% drop in earnings. Sounds like one hell of a moat :P Icahn has complained that MSD started a PC price war this year to lower earnings, thus helping his case for a buyout GAAP Earnings don't mean a whole lot at dell right now. Look at Operating and Free Cash Flow. Link to comment Share on other sites More sharing options...
A_Hamilton Posted August 16, 2013 Share Posted August 16, 2013 http://www.bloomberg.com/news/2013-08-15/dell-sales-profit-tops-estimates-ahead-of-buyout-vote.html So 5% drop in PC revenues, 8% increase in severs/storage sales but 72% drop in earnings. Sounds like one hell of a moat :P Icahn has complained that MSD started a PC price war this year to lower earnings, thus helping his case for a buyout GAAP Earnings don't mean a whole lot at dell right now. Look at Operating and Free Cash Flow. Just as a follow up, look at R&D spend you have an $130 million headwind so far this year from that alone. Link to comment Share on other sites More sharing options...
alwaysinvert Posted August 16, 2013 Share Posted August 16, 2013 I am dumbfounded by the price action, what's happened today? Can't find anything. Are people really accepting a 6-7c spread to arbitrage this deal? Link to comment Share on other sites More sharing options...
Guest wellmont Posted August 16, 2013 Share Posted August 16, 2013 icahn denied. deal closing soon. Link to comment Share on other sites More sharing options...
Guest valueInv Posted August 17, 2013 Share Posted August 17, 2013 http://www.bloomberg.com/news/2013-08-15/dell-sales-profit-tops-estimates-ahead-of-buyout-vote.html So 5% drop in PC revenues, 8% increase in severs/storage sales but 72% drop in earnings. Sounds like one hell of a moat :P Icahn has complained that MSD started a PC price war this year to lower earnings, thus helping his case for a buyout Meg Whitman complained that Dell with dropping prices on servers to sell more. Looking at the Dell gain in marketshare in servers and the loss in marketshare in PCs, it is more likely that the price war is on the server side. Link to comment Share on other sites More sharing options...
Guest valueInv Posted August 29, 2013 Share Posted August 29, 2013 And the latest server numbers: http://gigaom.com/2013/08/28/latest-server-numbers-are-in-and-its-mostly-bad-news-again/ Link to comment Share on other sites More sharing options...
Chris DeMuth Jr Posted August 31, 2013 Share Posted August 31, 2013 This appears to be increasingly close to a done deal; we voted for it, despite our earlier opposition -- http://seekingalpha.com/article/1284151-dude-youre-not-getting-dell-or-auto. Link to comment Share on other sites More sharing options...
Liberty Posted September 9, 2013 Share Posted September 9, 2013 http://www.bloomberg.com/news/2013-09-09/icahn-gives-up-dell-fight-while-saying-offer-too-low.html Billionaire Carl Icahn gave up his fight to control Dell Inc. (DELL), saying he continues to oppose founder Michael Dell’s $24.9 billion plan to take the company private because it undervalues the computer maker. Dell and partner Silver Lake Management LLC sweetened their takeover proposal last month, offering a dividend of 13 cents a share on top of an already increased $13.75-a-share bid for the computer maker. The price is still 70 percent below the stock’s 10-year high of $42.38, Icahn said in a filing today. “I realize that some stockholders will be disappointed that we do not fight on,” Icahn said. “While we of course are saddened at our losing the battle to control Dell, it certainly makes the loss a lot more tolerable in that as a result of our involvement, Michael Dell/Silver Lake increased what they said was their ‘best and final offer.’” Link to comment Share on other sites More sharing options...
wachtwoord Posted September 12, 2013 Share Posted September 12, 2013 I got the proxy and voted against, again. All 345 shares ... For SPARTA! ;) Link to comment Share on other sites More sharing options...
Guest valueInv Posted September 13, 2013 Share Posted September 13, 2013 Even Silverlake doesn't seem to have confidence in the deal: http://www.bloomberg.com/news/2013-09-13/silver-lake-investors-said-to-see-dell-as-mixed-blessing.html Link to comment Share on other sites More sharing options...
Guest wellmont Posted September 13, 2013 Share Posted September 13, 2013 they changed every rule in the book to try to close this deal. in the end they needed a bod that was 100% in the pocket of the msd group to get it done. this statement by silverlake goes to my old adage ---don't listen to em. watch em. Link to comment Share on other sites More sharing options...
alwaysinvert Posted October 10, 2013 Share Posted October 10, 2013 http://www.statesman.com/news/business/dell-pc-shipments-tick-slightly-higher/nbKT2/ Whaddaya know, PC sales wasn't in indefinite free-fall after all... Link to comment Share on other sites More sharing options...
VAL9000 Posted October 10, 2013 Share Posted October 10, 2013 http://www.statesman.com/news/business/dell-pc-shipments-tick-slightly-higher/nbKT2/ Whaddaya know, PC sales wasn't in indefinite free-fall after all... To be fair, PC sales are still in decline. Dell (and Lenovo and HP) increased sales at the expense of Acer and ASUS. I think we're going to see a slower decline / mild growth going forward for two reasons: businesses will place a floor under PC sales, and because the tablet form factor will likely merge with the PC form factor for many applications. Mildly related to this thread, I am now long HPQ ~ 10% of portfolio. Link to comment Share on other sites More sharing options...
wachtwoord Posted October 28, 2013 Share Posted October 28, 2013 Quick questions: 1. Has Dell been effectively bought out? 2 Is it true that (1) the buy out price is $13.75 + $0.13 dividend, (2) the dividend record date has passed (there isn't a ex-dividend for some reason: http://www.dividend.com/dividend-stocks/technology/personal-computers/dell-dell-inc/) then (3) Why is the stock trading at $13.83 (>$13.75). Should I dump my Dell shares tomorrow at $13.83 (or any value above $13.75)? (I was hanging on, but if the buy out cannot be stopped anymore that's kinda pointless) Link to comment Share on other sites More sharing options...
Guest wellmont Posted October 28, 2013 Share Posted October 28, 2013 it is still trading with the dividend, which will be paid at the close. it looks like the deal will close sometime in nov. Link to comment Share on other sites More sharing options...
wachtwoord Posted October 28, 2013 Share Posted October 28, 2013 it is still trading with the dividend, which will be paid at the close. it looks like the deal will close sometime in nov. Thanks! Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 29, 2013 Share Posted October 29, 2013 http://www.bloomberg.com/news/2013-10-29/dell-s-mitzvah-rescued-buyout-as-jpmorgan-s-lee-warned-of-perils.html Dell’s Mitzvah Rescued Buyout as JPMorgan’s Lee Warned of Perils Link to comment Share on other sites More sharing options...
wachtwoord Posted October 29, 2013 Share Posted October 29, 2013 it is still trading with the dividend, which will be paid at the close. it looks like the deal will close sometime in nov. And after today's close it is trading even higher at $13.86 11 cents above the $13.75 buy out (0.8%). Is there any realistic chance left the deal will get denied? Is it even possible to block now? By whom even? Link to comment Share on other sites More sharing options...
Guest wellmont Posted October 29, 2013 Share Posted October 29, 2013 the deal is closed. you will get paid in the next day or two. $13.88 Link to comment Share on other sites More sharing options...
dcollon Posted October 29, 2013 Share Posted October 29, 2013 Dell’s Mitzvah Rescued Buyout as JPMorgan’s Lee Warned of Perils Bloomberg http://www.bloomberg.com/news/print/2013-10-29/dell-s-mitzvah-rescued-buyout-as-jpmorgan-s-lee-warned-of-perils.html Link to comment Share on other sites More sharing options...
rogermunibond Posted December 10, 2013 Share Posted December 10, 2013 http://www.businessweek.com/videos/2013-12-10/dell-ceo-michael-dell-charlie-rose-12-10 If I was Mason Hawkins, this interview would really piss me off. Link to comment Share on other sites More sharing options...
stahleyp Posted December 5, 2014 Share Posted December 5, 2014 http://online.wsj.com/articles/michael-dell-going-private-is-paying-off-for-dell-1416872851 He's blaming "Wall Street" for the company's woes while public. I don't think 'Wall Street" wrote the check for all those terrible acquisitions: "For example, in the past year we have made investments of several hundred million dollars in areas with significant time horizons, such as cloud and analytics, that might not have been feasible in today’s environment for public companies." I seem to remember a battle with HPQ for 3Par that went for over $2.3 billion. Link to comment Share on other sites More sharing options...
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