Mickey should print his rants ahout how great a Private Mickey House will be
Mickey should print his rants ahout how great a Private Mickey House will be. And eat them. With mustard.
Tech titan Dell has confirmed in paperwork submitted to America's financial watchdog that it is mulling returning to the stock market as a public company, combining with its subsidiary VMware, or, er, doing nothing. The schedule 13D SEC filing by VMware, dated January 31 and published today, states: Dell Technologies is …
Dear vmware shareholder and employee,
You may remember mine and PEs great idea of borrowing lods of money and, errr, paying ourselves lots of money whilst err we do really clever stuff that needs us to be paid lots of money.
Well.... due to unforseen circumstances from 2 years ago ... bond yields and IRs are rising - despite paying ourselves billions we never modelled that.
Oh and Trumps done some tweaks which our genius ideas are less genius.
So, considering all options - which dont include sacking Mikey and PE - weve decided to leach on vmwares cash flow.
Being a privately held company inthe US has it's pros and cons especialy if there is little
change in laws that have significannt impact to corporation. Mr Dell and team made the right decision for the time to achieve the market dominiation they envisioned.
Then comes along a President who knows the corporate game and tax loopholes well. Said President then puts in place a tax reforms plan that greatly reduces corporate tax with (one hopes) the expectation that corporations will use that break to re-invest within the US and make "off-shoring" less attractive.Mr Dell and team probably did not expect such reform.
IMO, if Mr Dell and team still believe going private was the best strategic move to gain market dominance then they should stay the course and continue to trailblaze. Otherwise going public indicates weakness in leadership's strategic vision and planning altered by a blinded obsession over reducing debt, which could always be restructured.
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