On September 12 – after a lengthy battle with investors (including Carl Icahn), Michael Dell convinced the majority that Dell should become a privately held company once again. The $24.9 billion buyout will happen in Q3 of Dell’s Fiscal Year 2014. Stockholders will get $13.88 plus a .08 cent dividend until close.
Forward to Oracle OpenWorld – an event being held in San Francisco. Michael Dell gets on stage to give people an idea of where he plans to take the company, starting with a new extended partnership with Oracle around data management.
“Our success won’t be measured just by short-term results, but also our ability to help our customers succeed five, ten and twenty years from now,” Michael Dell stated in his keynote. ” We need to be looking not just at the quarter ahead, but the decade ahead. Investing to create value for customers as long-term relationships with a long-term vision.”
One thing to remember from Dell is he took his PC building company out of his dorm room and turned it into a major company in 1984. 30 years later, Dell is looking to re-create the same magic. Dell has been one of the top 5 in PC marketshare since 1997. Dell’s Enterprise services also make up the computer giant. With the renewed partnership with Oracle, they can go after HP and IBM Enterprise. ”We’re unencumbered by old legacy” Dell stated.