After joining with Southeastern Asset Management in signing an open letter to
Dell’s special board committee – which is wrestling with Michael Dell’s
offer to pay $13.75 a share, 10 cents more a share, to change how the
stockholders vote on his leverage buy-out offer is counted – telling the
special committee he expected them to tell Michael Dell “no” – activist
investor Carl Icahn wrote another open letter to Dell shareholders
characterizing Michael Dell as a “whining” “sore loser” and major
corporate “liability” and castigating the Dell board for “making a
mockery of what little is left of corporate democracy at Dell.”
He tells them that “If my past record is any indication, I believe you will
be happier and richer if you join me in voting against the Michael
Dell/Silver Lake deal....It is time for Michael Dell and the Dell Board to
Dell stock, which closed... (more)
Zendesk, the cloud-based help desk, has gotten $60 million in added financing
split between $45 million in equity and $15 million in debt.
That gives it a total of $70.5 million in equity backing since it started in
Redpoint Ventures led the D round. New investors include Index Ventures, GGV
Capital and Goldman Sachs. Existing investors Charles River Ventures,
Benchmark Capital and Matrix Partners also kicked in.
Silicon Valley Bank is providing the debt financing.
The start-up wanted the money for global expansion, talent and development.
It's rebuilding its widgetry from... (more)
Softmaker Software GmbH, a German Office wannabe, has taken out after open
source darling OpenOffice, saying it’s not good enough to score against
Microsoft and proposing its own widgetry as a substitute.
The company has just put out a public beta of its Software Office 2008 for
Linux, which includes what it calls a Word-compatible word processor,
TextMaker, an Excel-compatible spreadsheet, PlanMaker, and a new PowerPoint
Softmaker faults OpenOffice as slow, and says its Microsoft file format
compatibility is dicey and its user interface crowded.
It c... (more)
Although on medical leave since January, Steve Jobs is scheduled to turn up
for Apple's Worldwide Developers Conference (WWDC) on June 6.
Apple said Tuesday morning that Jobs "and a team of Apple executives will
kick off" the conference with a "keynote address" covering Lion, the next Mac
OS X; iOS 5, its next iPad, iPhone and iPod operating system; and iCloud,
which Apple's press release identifies as its "upcoming cloud services
iCloud is widely believed to be or include a cloud-based music-streaming
locker that's bigger and better and more popular with the record l... (more)
Nutanix, a cloud hardware start-up that's offering a hybrid scale-out
compute-cum-storage appliance backed by $72 million in VC funding only half
of which is reportedly spent, has put out next-generation software-defined
data center products.
It's updating its server hardware and its software to deal with divergent
workloads. It's going to a quad-node box made by Quanta and should be able to
support 400 VMs per chassis, up from 300.
It's got VM-centric disaster recovery, adaptive compression and a new highly
configurable hardware platform. The widgetry includes Nutanix OS 3.0 and... (more)