Michael Dell Takes His Buyout Case to Employees
Michael Dell sent a message to Dell employees Monday apparently making his case for his intended buyout of the company with private equity firm Silver Lake Partners.
The memo summarizes selected points from a 274-page preliminary proxy statement to inform Dell shareholders of how a $24.4 billion buyout proposal was put together, and why it is the best of the alternatives the company's board had considered.
(Read More: Dell Warns of Risks of Remaining a Public Company)
Among the priorities highlighted: R&D investment, increased sales staff, stronger focus on emerging markets and heavier investment in the tablet and PC businesses.
Dell also offered highlights of a trip to China, "a nation ripe with opportunity" and an "enthusiastic partner." He said he hosted a gala dinner for 100 high-level government and business leaders.
That contrasts with Apple's recent difficulties in China, where it has issued a public apology about its warranty program after a barrage of criticism in state media.
Dell warned in its proxy statement Friday that it would be dangerous to take on a lot of debt and remain a public company, given its worsening profit outlook, suggesting it views proposals from Blackstone Group and billionaire investor Carl Icahn as fraught with risk.