Dell planning acquisition: WSJ

Jun 11, 2009

US computer giant Dell is planning to acquire a"significant-sized company" in the next few months, The Wall Street Journal reported on Thursday.

The newspaper, citing people who have recently spoken with its chief financial officer, Brian Gladden, said the Round Rock, Texas-based company wants to expand its data-storage and tech-services businesses.

The Journal said Dell, which has more than nine billion dollars in cash reserves, sold one billion dollars in bonds on Wednesday.

A Dell spokesman told the newspaper the debt offering was "for general corporate purposes, and among the possibilities -- and certainly no commitment has been made -- are acquisitions."

The Journal noted that Dell recently hired David Johnson, a high-profile mergers and acquisition executive from rival IBM.

It said it is not clear whether Dell is currently engaged in merger discussions with any companies.

The Journal said , which has been losing personal computer market share to Hewlett-Packard in recent years, is banking on acquisitions to reverse three years of disappointing growth.

It noted that Dell's move comes as other technology leaders make acquisitions of their own.

Intel last week said it was buying software company Wind River Systems for 884 million dollars and data-storage makers NetApp and EMC are battling over storage-software company Data Domain.

(c) 2009 AFP

Explore further: Sony's PlayStation back online after Christmas hack

add to favorites email to friend print save as pdf

Related Stories

EMC counters NetApp bid for Data Domain

Jun 01, 2009

US computer storage giant EMC Corp. offered 1.8 billion dollars on Monday for Data Domain in a bid to counter a rival offer for the data storage company from NetApp.

IBM cuts Sun takeover price: WSJ

Apr 02, 2009

IBM has cut the price of its takeover bid for Sun Microsystems Inc. to nine to 10 dollars a share from 10 to 11 dollars a share, The Wall Street Journal online reported on Thursday.

Software giant Oracle buys Java whizz Sun

Apr 20, 2009

Business software giant Oracle announced Monday it was buying Sun Microsystems and its Java programming language for 7.4 billion dollars after IBM abandoned its bid for the struggling tech company.

Recommended for you

Sony's PlayStation 'gradually coming back'

Dec 27, 2014

Sony was still struggling Saturday to fully restore its online PlayStation system, three days after the Christmas day hack that also hit Microsoft's Xbox, reporting that services were "gradually coming back."

Uber broke Indian financial rules: central bank chief

Dec 27, 2014

India's central bank chief lashed out at Uber, already under fire over the alleged rape of a passenger, saying the US taxi-hailing firm violated the country's financial regulations by using an overseas payment ...

Taxi app Uber defies ban in Spain

Dec 26, 2014

Smartphone car-ride service Uber vowed Friday to keep operating in Spain despite a ban following a lawsuit by taxi drivers and said it would fight the case in court.

Sony film mess reflects gadgets-entertainment gap

Dec 26, 2014

Sony's iconic gadgetry and the star appeal of Hollywood may have appeared to be a perfect match when the electronics giant bought Columbia Pictures in 1989. A quarter century later, it's apparent that Sony ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.