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.

Permalink for comment 572071
To read all comments associated with this story, please click here.
RE[2]: The Plan
by ameasures on Fri 13th Sep 2013 21:11 UTC in reply to "RE: The Plan"
Member since:

So what did he do to run the company into the ground?

Well, now you mention it ... he followed the business school wisdom of the day: Dell outsourced production offshore (to AsusTek as I recall).

It worked well for a while with nice profits in the short term. In the medium term AsusTek became Asus and were less dependent on Dell and marketed their products directly in the western countries as Asus.

At this point Dell found themselves being cut out of the profitable parts of the picture.

Reply Parent Score: 4