Dell founder considered taking company private

Jun 03, 2010
Dell headquarters in Round Rock, Texas. Dell chairman and chief executive Michael Dell said Thursday that he has considered taking the US computer giant he founded more than 25 years ago private.

Dell chairman and chief executive Michael Dell said Thursday that he has considered taking the US computer giant he founded more than 25 years ago private.

Speaking to financial analysts at the Sanford Bernstein Strategic Decisions Conference here, Dell replied "yes" when asked if he had ever considered taking the Texas-based company private.

Asked what could lead him to make such a move, Dell, who founded the computer maker in 1984, responded with a "no comment."

Dell is the world's third-largest personal computer maker after Hewlett-Packard and Taiwan's Acer.

Dell also said he saw the arrival of tablet computers such as Apple's as an opportunity rather than a threat to existing products.

"There's always some cannibalization, but it feels more like market expansion to us," he said.

Dell announced last month it would selling a in Britain in June called the "Streak" which is powered by Google's operating system and is smaller than the iPad.

shares gained 4.90 percent on Wall Street on Thursday to close at 13.76 dollars.

Explore further: Nintendo launching 'amiibo' with 12 characters (Update)

add to favorites email to friend print save as pdf

Related Stories

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.

Dell: PC demand stable stabilizing

Jul 13, 2009

(AP) -- PC maker Dell Inc. said Monday it expects its fiscal second-quarter revenue to be slightly higher than in the first quarter, when sales plunged 23 percent to $12.3 billion.

Dell Planning Pocket Web Gadget

Jul 01, 2009

(PhysOrg.com) -- Dell engineers are in the process of developing a pocket handheld device for browsing the internet. Dell plans on using the Google Inc.'s Android software and may also use chips based on designed ...

Michael Dell urges global IT expansion

May 04, 2006

Dell founder Michael Dell Thursday called for a worldwide emphasis on expanding information technology as a means of advancing human progress.

Recommended for you

Chinese e-commerce rivals challenge Alibaba (Update)

4 hours ago

China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

Nigeria launches national identity card scheme

18 hours ago

Nigeria's President Goodluck Jonathan on Thursday launched a national electronic identity card scheme, which backers said would boost access to financial and government services in Africa's most populous nation.

Vivendi, Telefonica in talks over Brazil business (Update)

Aug 28, 2014

French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised ...

User comments : 0