Dell Shareholders Approve $24.9 Billion Sale to Michael Dell and Silver Lake, What's Next?

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MiGreen

The first thing he will do is get rid of the unprofitable gamming division and all the whining inducted headaches.

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Ghost XFX

$24.4 billion severely undervalued the company. How?! The pre-made PC industry has been taking a good hit for awhile now. Most power users build their own. If you ask me, Mr. Icahn was full of himself. Since Dell left control in the hands of the shareholders, you didn't hear jack about their success as a company. Just think about it, when was the last time Dell was relevant in the PC market?

Nonetheless, at least they're not Gateway...

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bjoswald

So he bought back his own company. Who gives a shit? How about using quality internal components - like motherboards, power supplies and capacitors - instead of cheap, throwaway Asian junk that blows up after 3 months? Now THAT'S news.

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methuselah

Maybe by buying back his company he can now do this.

Cheap throwaway asian junk is directly related to the fact that investors and shareholders want profit, profit and more profit.

Nothing says profit like a mobo made by a 14 yr old chinese girl @ 0.50 an hour.

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Ninjawithagun

Hey Dell! How about reducing the prices of your gaming laptops by 50% so that more people can actually afford to buy one. And you just might be able to sell more than a couple units a month O.o Great gaming systems for sure. But, when a gaming laptop costs more than some used cars, things are getting out of control. Just saying...

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vrmlbasic

I think that they need to have the marketing ubiquity that they once had. Dell was once everywhere in the media, almost "Apple-esque", in the days of its "You're gettin' a Dell, dude!" ads. Nowadays the ads are gone and Dell strikes me as just trying to blend with the bland corporate culture, a sort of "IBM Jr".

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AFDozerman

This should be interesting...

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praetor_alpha

Perhaps they will start innovating, taking risks, and revolutionizing PCs like they used to?

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Hey.That_Dude

The answer is NO. They're going to move into the more profitable business sector of computing. They'll still have the PC division for some time to come because it's still semi-profitable, but don't expect magic. This buy out was done because Dell couldn't bully the executives into doing what HE wanted even though it was a public company.

If you don't believe me, he said that he wanted to follow in the foot steps of IBM. IBM does mostly mainframe and servers.

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Renegade Knight

They should be doing that anyway. The only thing a change in ownership should accomplish is who makes the money.

Clearly Dell and Silver Lake see a lot of potential. Enough to buy the company and not share it or disclose it with the former owners.

Which of course is why the shareholders should have fired Dell when he first proposed this.

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lunchbox73

I'd settle for stable hardware. The build quality of the desktops and laptops we've purchased over the last couple of years seems to be going downhill. Lot's of motherboard replacements and pretty crappy laptop displays.

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Eoraptor

Which is the point of the buyout, no more trying to please stockholders like Ichann who demanded "profit at all costs" as opposed to "build computers well and the profits will follow"

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Renegade Knight

The actual point of the buy out is because Dell and Silver Lake expect to make money. They didn't buy out Dell out of the kindness of their hearts.

There is nothing Dell and Silver Lake will do now that Dell shouldn't have already been doing. Michael Dell failed the board. The Board failed the shareholders. The company failed people like me who used to be fans.

Now he's going to be running a better company? Only if Sliver Lake fires him, or appoints their own board who holds him accountable. The other option is he was holding back his best work to keep the price down so he could buy it out. In which chase it's criminal on his part.

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Uranio

Took the words right out of my mouth. Not a fan of Dell but I won't buy anyone else's Displays. Maybe now they can concentrate on quality vice quantity.

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Ninjawithagun

Dell needs to concentrate on making their products more affordable too! Part of the reason why I don't buy Dell products as much as I used to is because other companies offer equal quality products for less money. I too love the Dell monitors, but have since moved on to other bigger and better things offered by smaller companies. For example, I bought a 2560 x 1440 S-IPS LED 120Hz gaming monitor from a small tech company called "Overlord Computers" based out of California. This monitor is absolutely amazing and blows away anything that is currently available by Dell, Samsung, or Asus. Dell really does need to rebuild and re-attack the tech industry with innovation, more affordable products, and less of an immediate profit margin minded strategy. It will take time to regain the market if Dell is serious about becoming a great company again.

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The Mac

The monitors sold by Overlord are cheap B-grade korean 1440 panels wit an added scaler rejected by the likes of dell and apple.

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The Mac

Their small business servers are still pretty good.