#michael dell

Serena Saitto, Peter Burrows & Aaron Ricadela dive deep into just what it took to take Dell private. One anecdote from this past summer:

Durban sketched out the LBO idea as they wandered for two hours through the grounds of the beach resort — a practice Dell had picked up from walking meetings he’d had with Apple CEO Steve Jobs in years past.

We often hear about Steve "Fuck Michael Dell" Jobs. But the two clearly had a professional relationship throughout the years as well — such as taking long walks on the beach…

But seriously, what a pain in the ass it was to just give the money back to the shareholders.

Shira Ovide:

Mr. Dell’s proposal to buy the computer company for nearly $25 billion is expected to win approval in a stockholder vote that ends Thursday, according to people familiar with the matter. Dell has said it expects to be a private company by the end of October.

So Dell, for the first time since it went public 25 years ago, will largely become a one-man show, just as it was when Mr. Dell started the company in his college dorm room in 1984. He is set to own about 75% of the company and remain CEO, while private-equity firm Silver Lake will be a minority owner.

This will be nothing if not fascinating to watch. If Dell succeeds, who will be the next of the former tech titans to go private? If Dell fails, will it effectively take that possibility off the table for everyone else?

The competition has been aggressive during this period of uncertainty, but we are, as we have always been, determined to prove to you why Dell is the best solutions provider to meet your needs.

Michael Dell, in an open letter to Dell’s “customers and partners” about his ongoing efforts to take the struggling company private. 

Just how bad is the PC industry right now? Focus on the “solutions provider” part. IBM doesn’t get nearly enough credit for being way ahead on this move.