back to article Flipping 'ell, Dell! IT giant preps to go public again, files its homework

Dell Technologies Inc is proposing to become a publicly traded corporation again, according to a filing lodged with America's financial regulator the SEC this morning. At the weekend, the WSJ reported the possibility that Dell would attempt to swap privately held shares in itself with the "tracking stock" it created when …

  1. Anonymous Coward
    Anonymous Coward

    Printouts - please eat without ketchup

    Can Icahn and Mickey printout all of their ravings about how great it will be for Dell to be taken off the market and slowly eat them. In public. In front of the analysts. Without ketchup.

    Humble pie meet face. Face meet humble pie.

    On a more serious note anyone who thinks that the dealing with the banks and enforcement of covenants on loans is any better than dealing with NASDAQ reporting requirements is stark raving mad.

    The only thing a large company taken private via a debt deal can accumulate is more bad debt. Any ideas that it will somehow become a shining beacon of innovation and regurgitate a slew of new products are not just mad, that is stark raving loonie territory. It is nor surprising that Dell present debt is larger than the national debt of several Eu countries. By the way - I do not see how taking it public through the backdoor without a refinance-via-share issue will help with that.

  2. Pascal Monett Silver badge

    It does seem that Mr Dell is going to have to eat some crow.

    I guess that, when you're the head of a multinational, sometimes it pays to shut up.

  3. 2Nick3 Bronze badge

    Re: Printouts - please eat without ketchup

    5 years is a long time for things to change, especially with an Administration change in DC. What made sense 5 years ago might not any more, so I'm giving them some benefit of the doubt here.

  4. Yet Another Anonymous coward Silver badge

    Re: Printouts - please eat without ketchup

    Although famously as a public company they spent more on price raising share buy-backs than they ever earned in profits

    If only their HW engineering was as sophisticated as their financial engineering

  5. Anonymous Coward
    Anonymous Coward

    Re: Printouts - please eat without ketchup

    "What made sense 5 years ago might not any more"

    Maybe you're 13, but the rest of us said this was stupid AF 5 years ago too. Buying into "on premises" in a cloud world was never going to be successful and only VMware still think that world will pay off.

  6. Voyna i Mor Silver badge

    Capitalism

    You put your shares back in

    You take your shares back out

    In, out, in, out, bonuses all about.

    You do the churning money and you get the angels' share

    That's what it's all about.

    You put some debt back in

    You take some dividends out

    In, out, in, out, hear the buyers shout.

    You play games of tax avoidance and you stick it in the bank

    That's what it's all about.

  7. macjules Silver badge

    Re: Capitalism

    Can we possibly say that this is a Dell floating in the deep?

    Geddit?

  8. Anonymous Coward
    Anonymous Coward

    Here comes the crap again

    The quality of devices Dell pushes out rose considerably when they went private. Prepare for the crapware to flow once again in order to eek out that last cent of quarterly profit.

  9. J. R. Hartley Silver badge

    Re: Here comes the crap again

    Let's get one thing straight. Dell never gave a shit about you, or quality. They have done, and will continue to sell the cheapest shite they can possibly get away with.

    Capitalism is pure dung.

  10. Anonymous Coward
    Anonymous Coward

    Re: Here comes the crap again

    The quality of their gear may have improved, the quality of their service is dismal.

    When I tried to order one of their new XPS 9570 laptops a few weeks back, they changed delivery dates as they went along, made it close to impossible to reach someone about it only to be told 'they didn't know', made it actually impossible to correct a minor clerical error on the order form, and took two weeks to release the 'reservation' they made on my credit card.

    If this is any indication of their response once something really goes awry I pass. Which is what I did. I cancelled the order. Which I regret having to do because it looks like a really nice laptop.

    And you wouldn' believe the hassle a customer had getting them to come on site to configure their brand new Dell redundant servers

    So I can't in good conscience recommend them to anyone, not if they stay private. Not if they go public.

  11. This post has been deleted by its author

  12. EveryTime Silver badge

    A loan shark might threaten to break your knees over a $50K gambling debt.

    What do those banks threaten over a $50B debt?

    I don't know how the conditions could have been more favorable. The US economy has been great. IBM and HP(E) practically abandoned great chunks of their business to Dell. Every disruption has favored their model.

  13. MonkeyCee Silver badge

    Old saw

    "A loan shark might threaten to break your knees over a $50K gambling debt.

    What do those banks threaten over a $50B debt?"

    As any fule kno, when you owe the bank $1000, you have a problem. When you owe them $1B, they have a problem.

  14. Anonymous Coward
    Anonymous Coward

    Back to working the "Wall" street

    Hey Mikey, Big Tony says you owe him 50 Billion Dollars.

    We can work this out privately, publicly, virtually, or in the cloud.

    Regardless, I think you're gonna find that money.

  15. Anonymous Coward
    Paris Hilton

    I wonder if this is a misprint...

    ...and Dell is actually going Pubic?

    Paris because... seriously? You need an explanation!?

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