Dell

Michael Dell’s open letter to customers

Michael Dell:

> I am confident we are making the right decisions to position Dell, our customers and employees for long-term success. There is much more we can accomplish together.

I can’t wait to see what he does.

HP picks at Dell’s bones

> “Dell has a very tough road ahead. The company faces an extended period of uncertainty and transition that will not be good for its customers. And with a significant debt load, Dell’s ability to invest in new products and services will be extremely limited. Leveraged buyouts tend to leave existing customers and innovation at the curb. We believe Dell’s customers will now be eager to explore alternatives, and HP plans to take full advantage of that opportunity.”

That’s cold.

Microsoft to put $2 billion into Dell buyout

> Microsoft Corp is expected to invest around $2 billion in the deal, while private equity firm Silver Lake is expected to put in about $1 billion, the source said. Michael Dell is expected to roll over his roughly 16 percent stake and put in some of his own money so he has control of the company, the source added.