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Sep 12, 2013

Michael Dell, Silver Lake should win shareholder OK for $25 billion buyout today

AUSTIN, Texas (Reuters) – Michael Dell is expected on Thursday to clinch shareholder approval for his $25 billion offer to buy and take Dell Inc private, ending months of conflict with the company’s largest investors and removing uncertainty that has clouded the world’s No. 3 PC maker.

Dell, who founded the company from a college dorm-room in 1984, fought for months to convince skeptical investors his offer was the best option. This week, he gained the upper hand after one of his staunchest opponents, activist investor Carl Icahn, bowed out of the conflict because he said it was “impossible to win.

Sep 12, 2013

Michael Dell, Silver Lake should win shareholder OK for $25 bln buyout Thurs

AUSTIN, Texas, Sept 12 (Reuters) – Michael Dell is expected
on Thursday to clinch shareholder approval for his $25 billion
offer to buy and take Dell Inc private, ending months
of conflict with the company’s largest investors and removing
uncertainty that has clouded the world’s No. 3 PC maker.

Dell, who founded the company from a college dorm-room in
1984, fought for months to convince skeptical investors his
offer was the best option. This week, he gained the upper hand
after one of his staunchest opponents, activist investor Carl
Icahn, bowed out of the conflict because he said it was
“impossible to win.”

Sep 11, 2013

Apple’s two new iPhones target high and low-end markets

CUPERTINO, California (Reuters) – Apple Inc unveiled on Tuesday an iPhone with a fingerprint scanner to help it stand out among the smartest of phones and a cheaper, colorful plastic model for emerging markets that proved pricier than expected.

The entry-level “iPhone 5C” comes in five hues – blue, green, pink, yellow and white – and starts in the United States at $99 with a contract, or $549 without, signaling prices that may disappoint those hoping for an aggressive assault on China and India. Apple has been losing ground to Samsung and Huawei in those countries.

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    • About Poornima

      "Poornima Gupta writes about technology out of San Francisco, covering consumer and enterprise device makers Apple, HP and Dell. She previously spent five years in Detroit covering the crisis-ridden U.S. automotive sector that resulted in two of the biggest bankruptcy filings in the industrial world. She won a SABEW award for reporting on the failed merger between GM and Chrysler, and their negotiations with the federal government."
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