LIVE: Dell Buyout Plan Admits Troubled Recovery
Updated with full video – see below.
On today’s SiliconANGLE Live NewsDesk Show, (see live feed below or visit youtube.com/siliconangle to watch on-demand), we discuss Dell trimming CEO Michael Dell’s pay by 14 percent as performance slips ahead of the buyout, and the Dell Enterprise Forum.
Dell trimmed Chief Executive Officer Michael Dell’s compensation by almost 14 percent last year after, according to a Bloomberg report. The company has suffered from slipping sales, profit and stock price as the demand for personal computers declines at a rapid pace with the introduction of smart devices like the smartphone and tablets. In the midst of this free fall of sorts, CEO Dell and Silver Lake Management LLC are trying to work out a bid to take Dell private in a $24.4 billion leveraged buyout.
According to that same Bloomberg report, Dell is holding special meeting of shareholders July 18 at its headquarters to vote on the buyout, which is being opposed by billionaire financier Carl Icahn.
Wikibon Senior Analyst Stu Minnaman is currently in attendance at the Dell Enterprise Forum in San Jose California and he joins us now to discuss the buyout and give us an update on what’s been trending at the event. (See the live broadcast, embed below ~ if you missed today’s topic, check our YouTube channel for archived clips.)
Some of the things we’ll be discussing with Miniman include the big stories at the Dell Enterprise Forum so far, the buzz behind the “Vertex” box (data center in a box), whether or not the upgrades to Active Systems will improve Dell’s position in the converged infrastructure space, and whether Dell’s partnership with Oracle will help the PC-maker’s threatened market position.
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