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Dell Inc. (DELL)

- NASDAQ
DELL is defunct since October 29, 2013. Acquired by Silver Lake Partners
  • Feb. 1, 2013, 9:10 AM
    Premarket gainers: ADNC +30%. TSYS +15%. RAD +9%. CTRP +8%. EDAP +7%. ALU +6%. DELL +6%. VVUS +5%. PRGO +5%.
    Losers: ECTE -35%. OTT -23%. LTM -16%. SDR -11%. OCZ -8%. CLSN -7%. ALKS -7%. NMM -6%. TLAB -5%
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  • Feb. 1, 2013, 8:05 AM
    More on DELL: The deal reportedly in the process of being finalized will be for between $15 and $16/share, reports the NYPost. Shares +5.1% to $13.92 premarket.
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  • Jan. 29, 2013, 3:47 PM
    Dell (DELL +1.8%) spikes to $13.26 after the FT reports Silver Lake is willing to pay $15/share. Would that be enough to satisfy shareholders who view a $13-$14/share offer as inadequate? (more) Update: The WSJ reports Microsoft's (MSFT) role in the deal remains one of several issues that need to be worked out. However, sources insist the deal remains on track.
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  • Jan. 16, 2013, 12:13 PM
    P-E firm TPG Capital has walked away from Dell (DELL -4.2%) LBO talks, multiple sources tell Fortune. That leaves Silver Lake as the sole suitor for the company. Like the WSJ's report, Fortune's column notes Michael Dell, said to be "keenly interested in continuing to lead" post-LBO, could be an impediment to a deal, given he's unlikely to support huge management changes or a major strategy shift.
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  • Jan. 16, 2013, 9:15 AM
    Dell (DELL) -3.6% to $12.69 after the WSJ reports LBO talks involve a price range of $13-$14/share. Backing up prior reports (I, II), the paper says Silver Lake is involved in the talks, and that the equity portion of the deal amounts to $2B. That would still leave Dell's would-be buyers needing to raise ~$15B in debt, after Michael Dell's $3.6B+ stake is thrown in. Advisers are reportedly "trying to bring the negotiations to a close quickly."
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  • Jan. 15, 2013, 2:17 PM
    Dell (DELL +5.4%) adds to its gains as Reuters reports LBO talks are now " in an advanced stage," with 4 banks lined up to offer financing. P-E firm Silver Lake is said to be leading the deal, and working with one of its major investors in the process. Topeka's Brian White thinks a $15-$18/share price tag is possible, and Jefferies' Peter Misek views a $15-$17 price as achievable. But like others, Misek notes Dell presents unique challenges to P-E firms. (Bloomberg report) (earlier)
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  • Jan. 15, 2013, 9:14 AM
    Though many doubt (I, II) Dell's (DELL) reported LBO talks will pan out, shares are up 3.8% premarket to $12.76. For those keeping score, that gives Dell a market cap of $22.2B. This morning's move comes even though Monness Crespi is downgrading shares to Hold. P-E billionaire Wilbur Ross gives the deal a 50/50 chance of happening. "Remember [Dell] is a company whose earnings have been in a kind of free-fall."
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  • Jan. 14, 2013, 4:05 PM
    Though Dell's (DELL +12.9%) $5B in cash/investments and Michael Dell's 15.7% stake make a P-E buyout easier, buyers would still need to come up with over $20B in financing (the majority of it probably debt) to make a deal happen, thinks the WSJ's Dennis Berman. Figures like that were only reached during P-E's 2006-07 heyday, and even then the deals involved very stable companies. Dell's exposure to a PC business suffering badly from share loss and tablet cannibalization presents a clear element of risk. (also)
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  • Jan. 14, 2013, 2:32 PM
    Dell (DELL +12.1%) soars after Bloomberg reports the struggling IT solutions provider is in talks with at least two P-E firms to go private. The talks are said to be preliminary, and could reportedly fall apart due to a failure to obtain financing or to determine a way to exit the investment in the future. With a market cap that's now at $21.2B, Dell is much bigger than your typical P-E target. But it also trades at ~5x estimated FY13 EPS after backing out net cash/investments. (Michael Dell in 2010)
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  • Dec. 3, 2012, 9:10 AM
    Premarket gainers: SVU +13%. DECK +10%. PPHM +7%. DELL +6%. GFA +6%. DF +5%.
    Losers: MMR -10%. TPCG -6%. LDK -6%.
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  • Dec. 3, 2012, 8:15 AM
    DELL pops 5.5% premarket after Goldman's weekend 2-notch upgrade of the stock to Buy from Sell, along with a hike in the price target to $13 from $9. Bad news on the PC front is baked in, says Goldman, and the strong balance sheet should provide downside support and maybe set the stage for an LBO or recapitalization.
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  • Nov. 20, 2012, 8:05 AM
    For whom H-P's (HPQ) FQ4 results toll: Dell (DELL) -1.9% premarket, Intel (INTC) -1.6%, AMD -1%. H-P reported a 14% Y/Y drop in PC revenue and 12% drops in both desktop and notebook shipments. The drop in commercial PC revenue (13%) was nearly as bad as the drop in consumer PC revenue (16%).
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  • Nov. 19, 2012, 5:38 PM
    After-hours top gainers, as of 5:15 p.m.: KKD +10.8%. LTRE +7.1%. GLUU +4.3%. QIHU +4.2%. RYL +3.4%.
    After-hours top losers: MNTA -7.7%. MMLP -4.7%. JACK -4.7%. OVTI -4.1%. DELL -3.6%.
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  • Nov. 16, 2012, 10:38 AM
    Down just a bit premarket, Dell (DELL -6.4%) has plunged to levels last seen during the financial crisis as the Street digests the ugly PC sales data in its FQ3 report. Aside from the PC industry's problems, many are concerned over whether Dell's PC ops simply aren't cost-competitive with those of Lenovo and other Asian rivals, and whether their declining scale will make them even less so. Will the company heed calls for a major strategy change? HPQ -3.1%. (Gale Technologies) (transcript)
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  • Nov. 14, 2012, 12:05 PM
    Dell (DELL +2.2%) is seeing a much-needed rally after Pac Crest argues the company's enterprise hardware/software/services ops, which now make up over half of gross profit, will offset PC weakness, and that downside is limited. Dell only trades around 4x EPS after backing out net cash, but revenue is steadily declining and earnings are being propped up by huge buybacks. FQ3 results arrive tomorrow.
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  • Oct. 25, 2012, 10:16 AM
    Logitech (LOGI -10.5%) becomes the latest PC-centric name to fall after a weak earnings report. In addition to missing FQ2 estimates, the company warned its fiscal 2H sales and operating income will be down Y/Y. FQ2 OEM sales fell 27% Y/Y (weaker keyboard/mouse sales), echoing Microsoft's huge Windows sales drop, while retail sales fell 5%. Audio sales -14%, Video -17%, Harmony remote sales -14%, with units falling 31%. Gross margin was up 500 bps Q/Q and 210 bps Y/Y. (prepared remarks, slides - PDF)
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Company Description
Dell listens to customers and delivers innovative technology and services they trust and value. As a leading technology company, we offer a broad range of product categories, including mobility products, desktop PCs, software and peripherals, servers and networking, services, and storage.... More
Sector: Technology
Country: United States