BWW Geeks World

It's War! HP Issues Statement on Dell's Buyout Plan

February 5
11:33 2013

Are the PC wars back on? HP just issued the following statement related to Dell's announcement to enter into an agreement to be acquired by Michael Dell and Silver Lake:

"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."

Dell Inc. today announced it has signed a definitive merger agreement under which Michael Dell, Dell's Founder, Chairman and Chief Executive Officer, in partnership with global technology investment firm Silver Lake, will acquire Dell. For all the details, click here.

Related Links
Ford, Pivotal Collaborate on Software Platform for FordPass; Aim to Revolutionize Mobility for ConsumersFord, Pivotal Collaborate on Software Platform for FordPass; Aim to Revolutionize Mobility for Consumers
February 08, 2016
Mitsubishi Electric Develops High-precision Air-quality Sensor for PM2.5Mitsubishi Electric Develops High-precision Air-quality Sensor for PM2.5
February 07, 2016
Elite Pacific Properties Launches Commercial Property Management...Elite Pacific Properties Launches Commercial Property Management...
February 07, 2016
Cisco Declares Quarterly Cash Dividend Cisco Declares Quarterly Cash Dividend
November 18, 2015
From Spark to Fireworks: Online Dating Brands JDate and ChristianMingle Get Makeovers From Spark to Fireworks: Online Dating Brands JDate and ChristianMingle Get Makeovers
November 18, 2015


About Author

   Subscribe to Author Alerts




Become a Fan, Follower & Subscriber