An interesting connection brought to me by my CNBC colleague Michelle Caruso-Cabrera today. Straight from today's Wall Street Journal comes the news that Goldman Sachs, Michael Dell's MSD, along with Abu Dhabi and Saudi Arabia's Olayan Group are making a $1.4 billion investment in the Related Cos.
Dell is reviving plans to buy back shares in the company and will begin to repurchase $10 billion in common stock this week, chairman and Chief Executive Officer Michael Dell said.
Dell's stock tanked after the computer maker missed profit estimates and gave a cautious outlook.
The world's second-biggest personal computer maker reported earnings of $766 million, or 34 cents a share, on sales of $15.6 billion in the third quarter.
You gotta hand it to the folks over at Goldman Sachs, but particularly Brent Bracelin at Pacific Crest Securities who issued a note on Oct. 8, raising his estimates on Dell and singing the company's praises as it emerges from a financial purgatory gripping the company for more than a year.
Microsoft founder Bill Gates is the richest person in America for the 14th year in a row, followed by investor Warren Buffett, according to Forbes magazine's latest list of the wealthiest Americans.
It's been a rough year for Dell, characterized by a particularly rough quarter that saw the company try to put deep financial shenanigans behind it: the pay-out of a $40-million-plus severance package for fired CEO Kevin Rollins, trying to deal with a restructuring that cost the company 8,000 jobs, continued loss of market share to rival Hewlett-Packard and shipment problems that hurt its most recent product introductions.
Dell and Hewlett-Packard are in the sweet spot right now. If investors wait until September to buy these stocks, it might be too late. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The revelation that two of Bear Stearns' collateralized debt obligation funds are virtually worthless are casting a pall on the overall market this morning. The biggest factor with the subprime prime epidemic is the great unknown of exposure and containment.
Never underestimate the power of management - especially when it comes to Michael Dell and Eddie Lampert. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Hewlett-Packard maintained its lead over Dell in the global personal-computer market in the first quarter, market researcher IDC said on Wednesday.
Shares of Dell opened lower Friday after news that its internal audit found evidence of potential financial misconduct and accounting irregularities. Some have voiced concern that this investigation could focus on founder, chairman and CEO Michael Dell himself. Roger Kay, president and founder of Endpoint Technologies, and Tom Gardner, CEO of The Motley Fool, joined "Morning Call" to debate the impact.
Dell, the world's second-largest personal computer maker, unveiled a low-cost PC for China, its fastest-growing market. The PC is priced from about $335 to $520.
Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
Hey everyone. I know it's been an exceedingly long time since my last post, and I'm eager to get back into the swing of things with regular, daily, and hopefully a few times a day ruminations and breaking news about the newsy things happening here in the Silicon Valley.
Dell named Solectron Chief Executive Mike Cannon to head up the computer company's newly formed global operations division, where he will oversee all manufacturing, procurement and supply chain activities.
In a memo to Dell employees days after returning as chief executive officer, Michael Dell said the beleaguered computer maker is quashing bonuses for 2006 and reducing managers to help cut costs and steer the company back toward dominance.
Dell, who takes over as CEO for ousted Kevin Rollins, ends a four-year hiatus during which the company issued the largest consumer electronics recall ever, found itself the subject of a formal investigation by the U.S. Securities and Exchange Commission and lost its position as the world's largest PC maker to a rejuvenated Hewlett-Packard
Forget those primtetime soap stars, the newest drama people are talking stars Michael Dell. The 41 year-old has returned to the role of Chief Executive of the computer company that bears his name. He's replacing Kevin Rollins effective immediately. The upheaval could mark a new and compelling chapter in the company's history...
Dell announced that Michael Dell will assume the duties of chief executive officer, replacing Kevin Rollins, who resigned. Dell will remain chairman of the troubled computer maker.