wachtwoord 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. It was just a great excuse for him to steal my money. I will always regard this jackass a thief and personal enemy. Link to comment Share on other sites More sharing options...
MVP444300 Posted May 31, 2016 Share Posted May 31, 2016 Judge Finds Michael Dell, Silver Lake Underpaid for Dell in 2013 http://www.wsj.com/articles/judge-finds-michael-dell-silver-lake-underpaid-for-dell-in-2013-1464706851 Link to comment Share on other sites More sharing options...
wachtwoord Posted May 31, 2016 Share Posted May 31, 2016 Judge Finds Michael Dell, Silver Lake Underpaid for Dell in 2013 http://www.wsj.com/articles/judge-finds-michael-dell-silver-lake-underpaid-for-dell-in-2013-1464706851 But according to the article most wont get compensated. Does anyone know why? Cant they just send this guy to jail and give me my shares back? Link to comment Share on other sites More sharing options...
adesigar Posted May 31, 2016 Share Posted May 31, 2016 Judge Finds Michael Dell, Silver Lake Underpaid for Dell in 2013 http://www.wsj.com/articles/judge-finds-michael-dell-silver-lake-underpaid-for-dell-in-2013-1464706851 But according to the article most wont get compensated. Does anyone know why? Cant they just send this guy to jail and give me my shares back? People that voted against will get paid. Most voted for the deal. Link to comment Share on other sites More sharing options...
wachtwoord Posted May 31, 2016 Share Posted May 31, 2016 Judge Finds Michael Dell, Silver Lake Underpaid for Dell in 2013 http://www.wsj.com/articles/judge-finds-michael-dell-silver-lake-underpaid-for-dell-in-2013-1464706851 But according to the article most wont get compensated. Does anyone know why? Cant they just send this guy to jail and give me my shares back? People that voted against will get paid. Most voted for the deal. Seriously? Awesome, I actually voted my 345 shares here for principle (against of course). Will my broker contact me? Link to comment Share on other sites More sharing options...
adesigar Posted June 1, 2016 Share Posted June 1, 2016 Judge Finds Michael Dell, Silver Lake Underpaid for Dell in 2013 http://www.wsj.com/articles/judge-finds-michael-dell-silver-lake-underpaid-for-dell-in-2013-1464706851 But according to the article most wont get compensated. Does anyone know why? Cant they just send this guy to jail and give me my shares back? People that voted against will get paid. Most voted for the deal. Seriously? Awesome, I actually voted my 345 shares here for principle (against of course). Will my broker contact me? This is from the article Tuesday’s ruling could have been far costlier for Mr. Dell and Silver Lake. Earlier this month, a judge disqualified about 30 million shares held by T. Rowe Price Group Inc. because the mutual fund giant, one of the deal’s most vocal opponents, mistakenly voted its shares in favor of the buyout. To be eligible for the court-ordered price bump, investors must have voted against the transaction. The mix-up, which T. Rowe has blamed on the complexities of the proxy voting system, means it will miss out on about $190 million, including interest. Link to comment Share on other sites More sharing options...
wachtwoord Posted June 1, 2016 Share Posted June 1, 2016 I believe my shares will not be eligible as I did not seek appraisal (as the costs for doing so for 345 shares was prohibitive). http://finance.yahoo.com/news/u-court-rules-dells-24-150120537.html With interest, investors who sought appraisal will collect about $20.84 per share. So that's $2.5k I'm losing out on. In retrospect spending a few hundred dollars for appraisal would have bene better. I re-contacted the appraisal group to make sure. Edit: Another article has different wording again: http://www.pcworld.com/article/3077535/dells-private-buyout-shortchanged-shareholders-court-rules.html The decision comes in response to a lawsuit brought by a number of Dell investors who felt shortchanged by the deal. Through what's known as an appraisal suit, they asked the Chancery Court to determine the fair value of their shares at the time. Only shareholders who voted against the deal are eligible for compensation, which reportedly will total about $35 million. Owners of about 5.5 million shares reportedly were affected by the decision. So as of yet it's unclear. Do you need both to have sought appraisal AND voted against the merger, or is simply voting against sufficient? I'll keep you up to date. Link to comment Share on other sites More sharing options...
dontdodebt Posted June 1, 2016 Share Posted June 1, 2016 And a non-vote does not count as a vote against? (Something else seems very illogical, I have to admit) Link to comment Share on other sites More sharing options...
wachtwoord Posted June 1, 2016 Share Posted June 1, 2016 And a non-vote does not count as a vote against? (Something else seems very illogical, I have to admit) Non-votes are automatically voted in favor because management advised that. (at least those were the rules at the time, non-votes are abstained now as far as I know). Link to comment Share on other sites More sharing options...
Tim Eriksen Posted June 1, 2016 Share Posted June 1, 2016 For simplicity, you have to have voted against and sought appraisal. That was a key issue in this case because T Rowe Price inadvertently voted in favor of the deal when the fund managers instructed them to vote against. Even though they sought appraisal their shares were thrown out of the case a few weeks ago. You also would not have had use of the money during the process as shares in appraisal are not bought out at closing. Of course they are eligible for I believe a 6% annual interest on that amount. Link to comment Share on other sites More sharing options...
wachtwoord Posted June 1, 2016 Share Posted June 1, 2016 For simplicity, you have to have voted against and sought appraisal. That was a key issue in this case because T Rowe Price inadvertently voted in favor of the deal when the fund managers instructed them to vote against. Even though they sought appraisal their shares were thrown out of the case a few weeks ago. You also would not have had use of the money during the process as shares in appraisal are not bought out at closing. Of course they are eligible for I believe a 6% annual interest on that amount. Thanks for the information. It's what I was afraid off. It's not possible to retroactively seek appraisal with the verdict in hand right? Link to comment Share on other sites More sharing options...
heth247 Posted March 2, 2020 Share Posted March 2, 2020 Trying to reactivate this old thread... Any body following the new Dell? Here is a VIC write up 4 months ago - https://valueinvestorsclub.com/idea/DELL_TECHNOLOGIES_INC/5297326115#description Basically, if you back out the value of 80% VMW shares DELL owns, it implies the DELL core business (hardware, storage), which is highly leveraged but just did $5B FCF in 2019, to be valued at negative $10B. Value trap? Link to comment Share on other sites More sharing options...
scorpioncapital Posted March 2, 2020 Share Posted March 2, 2020 A large part may come down to what they do with VMware since it's such a large part of net see through earnings. Link to comment Share on other sites More sharing options...
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