Dell founder considered taking company private

Dell headquarters in Round Rock, Texas
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

Dell tablet computer to go on sale in Britain in June (w/ Video)

(c) 2010 AFP

Citation: Dell founder considered taking company private (2010, June 3) retrieved 16 October 2019 from https://phys.org/news/2010-06-dell-founder-company-private.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments

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