Now That It's Private, Dell Targets High-End PCs, Tablets

jfruh writes: If Dell has a reputation in the PC market, it's as the company that got low-end PCs to customers cheaply. But after the great drama of founder Michael Dell taking the company private, the company is following a new path, adding higher-quality (and more expensive) products like the Venue 8 7000, the thinnest tablet on the market today, to its lineup. One analyst notes that "Because they are no longer reporting to Wall Street, they can be more competitive."

Comments

Re: Mind boggling

[hairyfeet]

What pisses me off about shareholders is the new scam all these vultures like Bain are using to absolutely destroy companies while squeezing every last dime out before leaving a trail of misery and unemployment, the "sell the land" scam.

For those that haven't heard of this scam here is the gist, raiders find a company that has some juicy property like Red Lobster or Olive Garden (hell possibly Dell, never looked at how many pieces of property they own) and then they buy enough shares to gain some control. They then force the company to split in two, one owns the lands while the second leases the land. The scum then sell off the land to their holding company, forcing the original company to use the money from the sale to pay them a dividend! So they get paid twice, first in the dividend and the second the high leasing fees they charge the original company for what WAS their own property. Then they just cash out their stock in the original company and bleed it dry with rental prices until they go bankrupt, lather rinse repeat.

So I don't blame Dell for getting out of the market as the market is so broken now that short term gains trumps all, even if it causes long term suicide to the company. BTW if you wanna know why the market is such a fucking mess you can blame Ronnie Raygun for forcing the retirement funds of the entire nation to be pumped into the market via 401K and 403B. Remember this next time somebody on the right says putting social security into the market would be a good thing.