The biggest shareholder outside of Dell, Southeastern Asset Management (SAM), has called on the computer firm to out its yearly books, making its financials available to all – ahead of what many are thinking will be a return to private ownership.
SAM currently owns eight per cent of the PC giant, including options, and it joins a growing number of investors that aren’t happy about Michael Dell looking into taking the company private again. While they aren’t doing much beyond voicing their concerns at the moment, one investor quoted by Reuters, is suggesting that instead of privatisation, Dell could borrow money to make a major share repurchase, or the company’s holdings could be broken up and then sold off individually.
While this isn’t exactly the result Mr Dell is hoping for, it would mean a better one for the other investors.
KitGuru Says: Dell, once a dominant name in the computing market, has fallen far behind rivals in recent years due to the growth of tablets and new competition from the likes of Apple.