(Reuters) – Twenty-nine years after its founding, iconic computer maker Dell Inc agreed to a $24.4 billion deal to go private on Tuesday. The $13.65-per-share deal for the world’s third-largest computer maker involves chairman Michael Dell, private equity firm Silver Lake and Microsoft Corp.
Here is a look at Dell’s 28-year journey:
1984 – Michael Dell, a 19-year-old, pre-med college freshman starts selling computers built from stock components out of his dorm room at the University of Texas in Austin. He later drops out to focus on the business he names “PC’s Limited.”
Feb 5 (Reuters) – Twenty-nine years after its founding,
iconic computer maker Dell Inc agreed to a $24.4
billion deal to go private on Tuesday. The $13.65-per-share deal
for the world’s third-largest computer maker involves chairman
Michael Dell, private equity firm Silver Lake and Microsoft Corp
Here is a look at Dell’s 28-year journey:
1984 – Michael Dell, a 19-year-old, pre-med college freshman
starts selling computers built from stock components out of his
dorm room at the University of Texas in Austin. He later drops
out to focus on the business he names “PC’s Limited.”
SAN FRANCISCO, Feb 1 (Reuters) – When nWay began a trial of
its dark, sci-fi combat game “ChronoBlade” on Facebook last
year, the San Francisco-based startup felt sure it had a hit on
“First of all, what comes is, ‘Wow, I had no idea you could
actually do a game of this quality on Facebook,’” said Dave
Jones, Chief Creative Officer of nWay, who has worked on “Grand
Theft Auto” and “Diablo.”
Jan 31 (Reuters) – Take-Two Interactive Software Inc
said on Thursday it has pushed back the launch of the
latest game from its hit “Grand Theft Auto” franchise to Sept.
17 from its previously announced release window of spring 2013.
Shares of Take-Two were down 6 percent at $12.31 in early
afternoon trading on the Nasdaq.
SAN FRANCISCO (Reuters) – Electronic Arts Inc slashed its fiscal 2013 earnings forecast after a weaker-than-expected holiday quarter marked by disappointing sales of its “Medal of Honor” title, as the industry struggles with flagging demand.
The games maker forecast non-GAAP revenue for the year to end-March of $3.8 billion to $3.9 billion and earnings of $0.86 to $1.00 per share from $1.00 to $1.15 per share previously, down about 13 percent at the mid-point.
SAN FRANCISCO, Jan 30 (Reuters) – Video game publisher
Electronic Arts Inc reported lower revenue for the third
quarter as the video game industry continued to struggle with
flagging sales and experienced a weak holiday quarter.
Electronic Arts revenue fell as the console game business
has “been extremely soft” as the industry waits for
next-generation versions of Sony Corp’s PlayStation and
Microsoft Corp’s ‘s Xbox to boost software sales, Chief
Financial Officer Blake Jorgensen said.
SAN FRANCISCO (Reuters) – Zynga Inc’s stock rose 14 percent on Monday as investors grew more confident that the social games developer behind “FarmVille” and “Mafia Wars” will deliver a solid set of quarterly results next week.
Its shares ended trading at $2.84, up 35 cents
Zynga reports quarterly results next Monday. In October, it raised the lower end of its 2012 earnings forecast and also announced a $200 million share buyback plan and a new partnership with British company bwin.party to offer online real-money gambling.
SAN FRANCISCO (Reuters) – Children will be able to move plastic toys that look like pirate Captain Jack Sparrow and other movie characters into a virtual world on a computer or TV screen in a game platform Walt Disney Co unveiled on Wednesday in hopes of boosting revenue at a loss-making division.
Disney’s new “Infinity” concept, to be released in June, comes with games inspired by “Monsters University,” “Pirates of the Caribbean” and “The Incredibles” franchises. The toys will come to life onscreen after being placed on a small electronic portal, similar to Activision Blizzard’s “Skylanders,” one of 2012′s top-selling games.
SAN FRANCISCO, Jan 13 (Reuters) – When video game developer
Brenda Brathwaite Romero started her career in the 1980s, she
could count the number of female developers in the industry on
Today, many “Women in Games” roundtables she attends are
filled to capacity with new faces. The 46-year-old, sometimes
referred to as the longest-serving woman in the video game
arena, jokes that these days one can even encounter long lines
for the ladies’ room at the Game Developers Conference, one of
the industry’s largest gatherings.
Jan 8 (Reuters) – GameStop Corp, the largest U.S.
video game retailer, slashed its forecast for fourth-quarter
sales after customer traffic shrank over the crucial holiday
season, sending its shares down 6 percent.
GameStop said it now sees same-store sales falling between 4
percent and 7 percent for the fiscal fourth quarter ending Jan.
28, versus a previous forecast ranging from an increase of 1
percent to a decline of 7 percent. The company also warned that
quarterly profit will come in at the low end of its previously