Dell goes private: Stock ceases trading, now Big Mike's baby once again It's official: Dell is now a private company. Founder Michael Dell and Silver Lake Partners have completed their acquisition of the firm in a deal valued at around $24.9bn. "Today, Dell enters an exciting new chapter as a private enterprise," Dell (the man) said in a canned statement. "Our 110,000 team members worldwide are …
That depends how you look at it... he with partners essentially did by borrowing money against the assets and the future earnings. The money was then given to the shareholders.
As an bona fide Dell Executive and (former) shareholder, I'd have never been able to make such comments in the past, in case they were misconstrued as financial insight and might get me jailed and fired. Now I just have to worry that Michael will fire me.
I think it's a great move, you can be cynical but there are a lot of good things that will hopefully play out. ++Mark.
Many years ago we bought the very latest top of the range Dell to run an early PC-based PCB design program.
A couple of weeks later, I got a phone call. From America (not so common in those days). "Hi, I'm Michael Dell, and you've just bought one of our computers. What are you doing with it?"
I told him, he thanked me, and that was it, but I was seriously impressed all the same.
I look after 300+ Dell servers, and the odd DRAC dropout aside they're generally OK kit. So I hope this means that Dell (the company) will continue to shove out servers.
On the other hand due to personal experience, I hate those vulture capitalist scumbags Silver Lake with a passion. So if there are any Dell staffers reading, get ready for redundancies as that's SL's MO when it comes to making money.
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