Dell’s Gladden: Going Private Remains an Option

Venturebeat is reporting that Dell Inc. (DELL) executives are considering taking the company private after losing a bidding war with H-P (HPQ) over storage provider 3Par, DELL chief financial officer Brain Gladden said in an interview with CNNMoney.

“If the company weren’t in the middle of re-branding itself to work more for enterprise customers, it would be a much more viable option, Gladden said. But because the PC manufacturer is in the middle of changing its focus, it’s probably not an option for the immediate future.”

There has been much speculation that Michael Dell would take his Round Rock, Texas – based co. private. On June 3, at an investors and analysts meeting in New York, Dell was asked if he’d consider taking the company private:  “we’re looking into it” he answered.

At last check, Dell shares were down $0.05 to $14.47, a loss of 0.38%.

Dell reports its earnings for the third quarter this year on November 18.

Jasper - The Real Deal!

Risk Our Money Not Yours | Get 50% Off Any Account!

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

About Ron Haruni 1064 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.