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)
Dell CEO Michael Dell told the Wall Street Journal in an e-mail exchange over
the weekend that he intends to stay with the company if his
multibillion-dollar offer to buy the joint and take it private isn’t
approved by the stockholders.
He also said that he won’t support Carl Icahn’s notion of a leverage
recapitalization or Icahn’s schemes to put the company deeper in debt or
sell off some its assets to pay shareholders an ostensibly higher price.
Michael reiterated that the specter of $13.75 a share that he and private
equity house Silver Lake Partners dangled in front of stockh... (more)
Microsoft has created Microsoft Ventures as a way to unify its sundry venture
efforts by housing them under one roof and giving entrepreneurs a single
point of engagement.
It describes Microsoft Ventures as broad-based with a holistic approach,
featuring a community evangelism program including BizSpark, which will
continue to offer access to Microsoft tools and technologies, including
Windows, Office, Visual Studio and Azure; an accelerator program; and a seed
fund that works with start-ups worldwide.
The accelerator program will be expanded from Bangalore, Beijing, Paris,
Microsoft Sunday slashed the price of its poorly selling ARM-based
Windows-incompatible Surface RT by $150 to $349 for the 32GB model.
That's without the cover that also functions as a touch-sensitive keyboard.
With the magnet cover the price is $449. The bigger 64GB model has been cut
from $599 to $449 or from $699 to $549 with the cover.
IDC estimates that Microsoft shipped about 260,000 of the 10-inch widgets in
Q1, the latest numbers the researcher's got. Together with the 750,000 more
conventional Surface Pros that run Windows 8 it shipped during that quarter
it got all of ... (more)
Tod Nielsen, whose name is probably more recognized because of his dozen
years at Microsoft than his recent turns at VMware, Borland or Oracle, is now
CEO of Heroku, the cloud application development platform that’s part of
saleforce.com thanks tom its $212 million acquisition in 2010.
Lately he’s been part of Pivotal Labs, the venture created from EMC and
VMware that includes Cloud Foundry, a PaaS rival to Heroku, which hasn’t
had a CEO or a CEO stand-in since September when Byron Sebastian left.
Before that he was chief operating officer and co-president running the