Menu
SpaceX and Boeing build manned NASA Spaceships

SpaceX and Boeing build manned NASA Spaceships

iOS 8 Download Release is Expected at 10 am PDT

iOS 8 Download Release is Expected at 10 am PDT

Matt Damon is Jason Bourne Again

Matt Damon is Jason Bourne Again

Galaxy Note 4 Screen is the World's Best

Galaxy Note 4 Screen is the World's Best

iPhone 6 Reviews are Glowing

iPhone 6 Reviews are Glowing

Dell Buyout of $24.4 Billion Wins Support From ISS

Jul 9 2013, 5:03am CDT | by , in News | Technology News

A Dell buyout was being originally forestalled by the ISS. Then something happened. The ISS decided to support the $24.4 billion buyout and Dell won its approval.

Dell Buyout of $24.4 Billion Wins Support From ISS
 
 

YouTube Videos Comments

Full Story

Dell Buyout of $24.4 Billion Wins Support From ISS

Dell Buyout of $24.4 Billion Wins Support From ISS

An internationally renowned proxy advisory council going by the acronym of ISS gave the thumbs down signal to activist investors. They had been trying to shift the date for the buyout of Dell. The $24.4 billion deal has gained the approval of the ISS. According to Bloomberg, the activist horde led by Carl Icahn was the loser in the transaction. According to the ISS, the ideas behind the activist’s actions were too precarious and tedious. Had the ISS done otherwise a whole different scenario would have emerged. The investors would have further made plans to overthrow the Dell board of trustees and the billionaire owner. This scary scenario was deemed too risky by the ISS. It would have been a long drawn affair indeed.

However, that didn’t happen. What did happen and what is about to occur is the hammering of the final nail into the coffin for Icahn. While the activists form a fairly large group, they won’t make it. For Icahn to win it needs much more support than it presently has. The ISS didn’t dismiss Icahn due to Dell’s misgivings. Rather it found intrinsic faults in the whole set up and therefore switched its allegiance.

The ISS seems to have given a blank check to the founder of Dell to privatize the company. As the PC market is in a slump, this act of privatization will benefit Dell immensely. The process was long indeed. Over the past ten months, the ISS reviewed Dell’s business plans. Finally, after thoroughly scrutinizing the statistics, it gave its stamp of approval much to the delight of Dell. Meanwhile, a result of all this buyout activity has been a rise in Dell’s shares in the market. They jumped by 2.9%. Basically, what has happened is that Michael Dell has auto-cannibalized his own company.

Michael Dell promises that he will take his company back to the top again. All he needs is some time and resources. Diversification is the watchword. Dell was making some of the most sophisticated PC laptops the world had ever seen before the downturn in the market upset its plans. The very story reeks of tragedy. The very thing which was once its crowning glory became a weak point. But Dell still has the capacity to reverse its fortunes. It will take some work but then there isn’t anything worth fighting for that doesn’t take effort and patience to reach.

Image Credit: Getty Images

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

McDonald’s Free Coffee is a Ploy at Image-Making
McDonald’s Free Coffee is a Ploy at Image-Making
McDonald’s free coffee is actually a ploy by the fast food giant at image-making for its McCafe brand.
 
 
McDonald&#039;s Free Coffee Promotion Starts Tomorrow
McDonald's Free Coffee: The Funniest Tweets
McDonald's is offering again free coffee for two weeks. The Internet reacts with big cheer?
 
 
Chris Brown and Rihanna are Soul Mates for All Purposes
Chris Brown and Rihanna are Soul Mates for All Purposes
Chris Brown and Rihanna are soul mates for all purposes. And Karrueche Tran is the one caught in the middle.
 
 
Gerard Depardieu can Drink 14 Bottles of Wine a Day
Gerard Depardieu can Drink 14 Bottles of Wine a Day
Legendary actor Gerard Depardieu tells in magazine interview about his extreme drinking habit.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.