23 result(s) displayed (1 - 23 of 23):
Dell Inc.'s (NASDAQ:DELL) stock price is taking a beating after Thursday's third-quarter earnings -- down about 9% in late afternoon trading Friday. The PC maker reported revenue of $12.9 billion, up 1% from the previous quarter and down 15% from a year earlier. Profits plummeted 54%. This Tech Trader Daily...
Posted on November 20, 2009 4:00 PM
Perot Systems Corp.'s (NYSE:PER) pending acquisition by Dell Inc. (NASDAQ:DELL) for $3.9 billion hasn't slowed the target's expansion in China. The latest deal is Perot's alliance with China Telecommunications Corp. to deliver IT services to the healthcare industry. The partners will work to develop and market an e-health platform to...
Posted on October 28, 2009 3:09 PM
Tech titans are wielding deals to battle for market share. They have been acquiring and partnering, trying to figure out the right business strategy to win customers. The data center market would make a nice little case study. There is growing demand as server farms that run corporate back offices...
Posted on October 27, 2009 4:03 PM
EMC Corp. (NYSE:EMC), easing through the integration of Data Domain Inc., reports third-quarter earnings on Thursday with a Webcast being held at 8:30 a.m. ET. Analyst takesLast week, Thomas Weisel Partners LLC analyst Doug Reid upgraded shares of the acquisitive data storage tech provider to "Overweight" from "Market Weight." He...
Posted on October 20, 2009 1:24 PM
This afternoon at 2 p.m. EDT, we'll present another in our ongoing series of Webinars on corporate development topics. The topic: effective deal integration in a shifting economy. I'll be moderating, and our panelists will be Timothy Payne, vice president, global acquisitions integration management, LexisNexis Group; Gerald Adolph, senior partner,...
Posted on October 8, 2009 12:10 PM
We've written plenty about Xerox Corp.'s (NYSE:XRX) $8.4 billion bid for Affiliated Computer Services Inc. (NYSE:ACS) and Dell Inc.'s (NASDAQ:DELL) $3.9 billion deal to buy Perot Systems Corp. (NYSE:PER). Olaf de Senerpont Domis expands on some of that coverage in the current issue of The Deal magazine. In Service, please,...
Posted on October 6, 2009 9:11 AM
Personal relationships mean plenty in M&A, a point made clear in Dell Inc.'s (NASDAQ:DELL) $3.9 billion cash deal to acquire Perot Systems Corp. (NYSE:PER). It's been widely reported that Dell chief executive Michael Dell has been a long-time family friend of the Perot clan. And the Texas firms have a...
Posted on October 2, 2009 5:14 PM
Dell Inc. (NASDAQ:DELL) has named Adobe Systems Inc. chief executive Shantanu Narayen to its board of directors. A valuable addition to be sure. Narayen is an experienced dealmaker, something Dell CEO Michael Dell aspires to be. And both executives are trying to build substantial services businesses to complement their software...
Posted on September 30, 2009 1:04 PM
On Tuesday, a bit more than a year after Hewlett-Packard Co. (NYSE:HPQ) bought Electronic Data Systems for $13.9 billion -- and just one day after rival Dell Inc. (NASDAQ:DELL) bought another services firm founded by Ross Perot -- The New York Times published a timely examination of HP's integration of...
Posted on September 23, 2009 4:49 PM
Note: This is a corrected version of a post published on the morning of Sept. 21 that assumed the involvement of David Johnson, Dell's recently hired svp for strategy, in the transaction. In a conference call later on Monday, CEO Michael Dell indicated that assumption was wrong. See below,...
Posted on September 21, 2009 9:08 AM
An appeals court on Thursday ruled that former IBM Corp. (NYSE:IBM) corporate development chief David Johnson doesn't have to limit his duties at his new employer Dell Inc. (NASDAQ:DELL) while IBM's suit against Johnson is litigated. Johnson left IBM in May to head up strategy for Dell, a move that...
Posted on July 6, 2009 5:02 PM
It remains to be seen how long IBM Corp.'s (NYSE:IBM) suit against David Johnson, the company's former VP of corporate development, will impede him from taking up his full responsibilities in a similar role at rival Dell Inc. (NASDAQ:DELL).Meanwhile, there's a new report from the 451 Group to remind us...
Posted on June 30, 2009 1:51 PM
Midafternoon Friday we told you that U.S. District Judge Stephen Robinson had ruled that David Johnson, IBM Corp.'s (NYSE:IBM) former vice president for corporate development, can work at rival Dell Inc. (NASDAQ:DELL) during IBM's suit against him. IBM is suing Johnson, arguing his move to Dell violates a noncompete agreement,...
Posted on June 30, 2009 8:31 AM
IBM Corp. (NYSE:IBM), locked in a court battle with Dave Johnson, its former vice president for corporate development, has filed a complaint charging him with misusing company resources for personal benefit, according to court documents cited in Reuters and Bloomberg reports.IBM is suing Johnson for violating a noncompete agreement --...
Posted on June 26, 2009 10:06 AM
An IBM Corp. (NYSE:IBM) spokesman told Bloomberg Tuesday that the company earlier this month named Elias Mendoza to succeed David Johnson, the company's vice president of corporate development. Johnson left in May to take a similar job at Dell Inc. (NASDAQ:DELL) and is currently being sued by IBM for violating...
Posted on June 24, 2009 11:35 AM
The latest: IBM Corp. (NYSE:IBM) named Elias Mendoza, who joined the company three years ago from Morgan Stanley (NYSE:MS), to head its corporate development team. IBM made the move as it battles former M&A chief David Johnson in court, who was lured away by rival Dell Inc. (NASDAQ:DELL).Dell has long...
Posted on June 24, 2009 11:15 AM
Dell Inc. (NASDAQ:DELL) isn't letting a legal battle between its new dealmaker David Johnson and his former employer IBM Corp. (NYSE:IBM) slow its plans for an aggressive expansion. The No. 2 PC maker has previously indicated it has $9 billion in cash on hand and is looking to do deals. Now, citing...
Posted on June 11, 2009 10:28 AM
IBM Corp. (NYSE:IBM) is suing its long-time vice president of corporate development, David Johnson, over his decision to jump to rival Dell Inc. (NASDAQ:DELL). Through a lawsuit filed in the U.S. District Court of Southern New York, the information technology giant is hoping to block Johnson's move based on a...
Posted on May 27, 2009 5:49 PM
The hiring post should say, "We have $9 billion cash on hand!" Word on the street is Dell Inc. (NASDAQ:DELL) is looking to hire an M&A chief, but dealmakers may be wary of the Round Rock, Texas, company's M&A track record.The Wall Street Journal reported that two people briefed on...
Posted on May 6, 2009 2:22 PM
Talks about IBM Corp. (NYSE:IBM) acquiring Sun Microsystems Inc. (NASDAQ:JAVA) reportedly continue. Neither company has confirmed the discussions, but observers are nevertheless speculating about how a deal might affect suppliers and competitors.Adding Sun's server business would give IBM, already the biggest maker of server computers, almost half the global server...
Posted on March 27, 2009 9:27 AM
It has been two years since founder Michael Dell returned as CEO of Dell Inc. As the Austin American-Statesman reports on Monday, the PC maker has seen a lot of change since then: reorganizing, restructuring, new execs (including CFO Brian Gladden, who hails from General Electric Co. by way of...
Posted on February 2, 2009 10:25 AM
No. 2 PC maker Dell Inc. is getting hammered by the global economic downturn. After Dell projected more "softening demand" on Aug. 28, its share price tumbled and has yet to recover. At the time, it reported continued conservatism in IT spending in the U.S., which had extended into Western...
Posted on December 31, 2008 11:16 AM
PC maker Dell Inc. isn't helping to calm nervous investors, who saw the Dow Jones drop 504 points on Monday after the credit crisis pushed Lehman Brothers Holdings Inc. into bankruptcy. In a statement, Round Rock, Texas' Dell said:When Dell announced Q2 financial results on Aug. 28, 2008, it reported...
Posted on September 16, 2008 8:59 AM
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