Why Are Wall Street’s Billionaire Sharks Circling Dell?
Two of the most prominent figures on Wall Street — Carl Icahn, the famed corporate raider turned “activist investor,” and Stephen Schwarzman, the billionaire behind private equity behemoth Blackstone Group – have expressed interest in buying PC pioneer Dell. This development sets up a challenge to company founder Michael Dell, who has been planning to take the company private in a $24 billion leveraged buyout. But why are all these billionaires fighting over a struggling PC maker that largely missed the mobile revolution and, more generally, has been unable to innovate fast enough to keep pace with the rest of the technology industry? For Wall Street predators like Icahn and Schwarzman, Dell is an attractively vulnerable target, like a wounded dolphin to a Great White shark. Dell is struggling due to a decline in the PC market as users adopt smartphones and tablets. Overall PC shipments fell 3.2% last year, with sales decreasing by 21%, according to data from research ...
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Therese Poletti's Tech Tales: IBM courts investors in Apple’s backyard
Just one day after the cash-hoarding Apple Inc. hosts its annual meeting at its Cupertino, Calif. headquarters, the more investor-friendly IBM will address Wall Street analysts in San Jose, Calif.
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Wall Street advances on strong tech earnings
Stocks edged higher at the open on Wednesday, with technology stocks among the best performers after earnings from Google and IBM.
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Found more than 1 month ago on channel
MSNBC
After Hours: Google, IBM results set for review after hours
Wall Street late Tuesday will look for Google and International Business Machines to report an increase in quarterly earnings, with the figures part of a heavy schedule of results due this week from the tech sector.
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Sales stumbles raise fresh worry for corporate America
BOSTON - A slowing world economy took a toll on sales of products ranging from soft drinks to corporate jets in the third quarter, leading top U.S. companies, including PepsiCo Inc, IBM and Textron Inc, to miss Wall Street's sales targets.
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Found more than 1 month ago on channel
Reuters