Does Michael Dell work closely with channel partners? Consider these anecdotes: Last week, Dell (pictured, left) and Channel Chief Greg Davis (right) hosted about a dozen partners in San Jose, Calif. The week before, Davis and Dell had lunch with partners in New York City. So yes, Michael Dell is focused on channel partners.
Michael Dell's investor presentation describes why the PC giant needs to go private fast. But Dell forgot to mention channel partners amid the accelerating shift to cloud, mobile, tablet and virtualized data centers.
Who will own Dell (NASDAQ: DELL)? Three parties are now in the running: (1) Michael Dell and Silver Lake Partners, (2) Blackstone Group and (3) Carl Icahn, a Dell special committee confirmed today. The anticipated Blackstone and Icahn offers may exceed an earlier proposal from Michael Dell and Silver Lake Partners, which valued the company at $13.65 per share.
Now that Dell (NASDAQ: DELL) officially owns Quest Software, the race is on to cross-educate Dell and Quest Software channel partners. The good news: Roughly 70 percent of Quest’s top channel partners are Dell PartnerDirect members. And that’s not all.
Faced with the real prospect that their longstanding $13.65 per share offer to take Dell (DELL) private would fail to garner enough votes, founder Michael Dell and Silver Lake Partners this morning upped their bid by a thin dime to $13.75 per share, while the company again postponed the proxy vote, this time until Aug. 2.
Dell’s (NASDAQ: DELL) Go Shop period ends today. Industry pundits are wondering if Blackstone, a private equity firm, will submit a bid to buy the PC giant. There’s even a rumor Blackstone may hire Oracle’s Mark Hurd to run Dell. Such a move sounds unlikely, which could leave Silver Lake Partners and Michael Dell as the only bidders for the company.
Two more influential proxy advisory firms said today they will vote for Michael Dell’s and Silver Lake Partners’ $13.65 per share proposal to take Dell (DELL) private, dealing another blow to the counter offer efforts of activist investors led by Carl Icahn and Southeastern Asset Management.