Linked by Thom Holwerda on Thu 12th Sep 2013 23:17 UTC
Hardware, Embedded Systems

Michael Dell has the won the battle for control of the computer company that he created, after shareholders backed his $24.8bn offer to take Dell private and revive the struggling business away from the incessant pressure of Wall Street.

The vote clears the way for the huge buyout, in which Dell is working with private equity partners Silver Lake after seeing off a challenge from activist investor Carl Icahn.

Must have been hard for him to see his baby slide into irrelevance. I hope for him he can turn things around, but I'm not sure if they'll be able to - they missed the boat, and it's probably in Fiji by now.

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ezraz
Member since:
2012-06-20

you beat me to it. i'll provide the footnote for the youngins in the crowd -

In 1997 when asked about what Steve Jobs should do first now that he's Apple CEO, brainiac Michael Dell said...

"What would I do? I'd shut it down and give the money back to the shareholders."

to which Steve Jobs reportedly responded internally at Apple with several "F*ck Dell" rants. 16 years later - Jobs has passed and Apple could buy 20 Dells with their spare change. Dude!

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