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back to article Michael Dell: 'Cash in your shares, we are in a mess'

Dell is such a risky bet that it's a wonder shareholders invested their hard-earned cash in the stock in the first place. At least that is the impression given by Texan Mike, who outlined the challenges of remaining a PLC in an SEC filing as he steps up efforts to woo investors weeks before they vote on his $13.65 per share buy- …

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Doesn't matter

Apple should *still* be broken up and the money given back to the shareholders.

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Anonymous Coward

Re: Doesn't matter

Sounds like it might actually happen to Dell though..

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Happy

Re: Curse of MS strikes again!

Microsoft hasn't invested $2 billion in Dell the company. They've lent Dell the man some money for him to use in his plan to take Dell the company private, which hasn't happened yet.

Dell the company's falling apart is why Dell the man is trying to take Dell the company private in the first place.

Do try to keep up, old chap.

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Re: Curse of MS strikes again!

Yet another biased, useless comment from someone who is incredibly mis-informed.

Well done

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Oh, how the ghost of Steve Jobs is laughing.

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Shakiness of Dell

Just makes other vendors look better.

Do you really think that after the action (whatever it is) Dell will be the company it once was? I have doubts. It appears that other people who rely upon Dell for their boxen share similar thoughts.

Anyway, time will tell. Watch this space (next year) for an update.

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Re: Shakiness of Dell

>Just makes other vendors look better.

Not if their main business is selling x86 gear (Lenova aside for now). That market is cratering before everyone's eyes.

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Holmes

Re: Shakiness of Dell

Do you really think that after the action (whatever it is) Dell will be the company it once was?

Well since the stated goals of both individuals involved are to make Dell into something other than the company it is, I'd think the answer to that is rather obvious.

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Paris Hilton

Re: Shakiness of Dell

The Shakiness of Dell just pushes the value of the shares down and makes more money for Mr Dell when the upturn comes.

Or did I misunderstand the "give me your shares for less" pitch?

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Re: Shakiness of Dell

asdf-Perhaps you mean crashing.

.

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Pint

Go-man-Go

Michael Dell is absolutely correct in what he says...refreshing to find this in one so willing to see the perils of an old style Dell that started, peaked and ploughed the PC fields so successfully. He knows and acknowledges what's happening while others still cling to dying ideals and dissipating activities...nothing wrong in being visionary.

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Re: Go-man-Go

Visionary is the same as seeing the writing on the wall.

A business whose model, or let's say 'raison d'etre', has been building stuff a few bucks cheaper than the other guy and selling it efficiently isn't well placed to pull of the sort of transformation that's required.

If Michael Dell can pull the business back to private ownership, then fair play to him, it's the only way to the transformation he foresees.

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WTF?

Re: Go-man-Go

Would he be so honest if he WASNT trying to get the share price down??

I dont know, trash talking the company, so the share price falls and he can buy it on the cheap doesnt sound very honest to me.

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Coat

trying to get the share price down?

I suspect he read Gerald Ratner's biography

<-- mines got the £1.99 bling hanging out the pockets

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Re: trying to get the share price down?

He's not trying to get the price down - the price is fixed. He's trying to get investors to choose his path. Of course, talking down (probably fairly realistically) the company brings the current price of the shares below his offer price, making it look more attractive to investors.

I've had a lot of exposure as customer and support engineer to Dell products in the last 15 years, and most of their kit has been good quality stuff. Hopefully the company will be able to come back to life in the way HP hasn't, and BlackBerry & Nokia won't.

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Facepalm

Re: trying to get the share price down?

You say: He's not trying to get the price down

Then you say: talking down ... the company brings the current price of the shares [down]

Way to contradict yourself. Well done sir. (Sorry I used "sir" if you are female. I guess a Dark Lord could just as easily be female.)

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Apple fans have short memories

Remember that your beloved technology was bailed out by MS not long after St Steve took the helm for the second time.

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Re: Apple fans have short memories

Microsoft wanted to help the continued dominance of office, and to think if they had of bought apple shares , Big G mighyt have been far and away the richest man in the world.

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Re: help the continued dominance of office,

Er, no!

MS was in the midst of keeping themselves out of the pokey. If Apple had gone under at that point MS really would have been a monopoly in the PC world. It was worth pocket change to give Jobs 3% of the market and avoid permanent government regulation.

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FAIL

Breaking up with EMC was a mistake

Breaking up with EMC was a mistake. Even though EMC kit is very cranky and cantankerous, they are an established player in the enterprise storage space and they lent Dell some credibility when they needed to land a serious storage deal. Instead, Dell thought they could play in the enterprise space with their Equalogic and Compellent (Eq-dell-ogic and Com-dell-ent) acquisitions, perhaps a good value in the SMB space, but enterprise kit it is not.

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Private is the only way out of the Wall St parade

I used to work for Dell and I've met the man himself. Going private is absolutely the only way out of the mess: he came back to the company to turn it found, and Wall Street hasn't given him the leeway to tAke a hit for 4-6 quarters whilst the necessary changes are made. He has definitely got the right idea, and just needs the freedom to crack on and deliver

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Childcatcher

So is it legal to manipulate your own share price?

Clearly he is bagging on Dell to bring the stock price down so his private offer looks better. And he's in a good position to be able to do that too. Is that legal?

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