Welcome!

@CloudExpo Authors: Carmen Gonzalez, Yeshim Deniz, Pat Romanski, Zakia Bouachraoui, Elizabeth White

Related Topics: Microservices Expo, Containers Expo Blog, @CloudExpo

Microservices Expo: Article

Imagine Michael Dell Replaced by Mark Hurd

The Blackstone Group is supposedly thinking about replacing Dell as CEO if it bids and wins

The Blackstone Group, the big private equity house said to be seriously mulling “various scenarios” for a counterbid for Dell that trumps Michael Dell and Silver Lake Partners’ $24.4 billion offer, is supposedly thinking about replacing Michael Dell as CEO if it bids and wins.

It has reportedly “aggressively” approached an obvious choice, former HP CEO and current Oracle president Mark Hurd, who would have to bite the hand that salvaged him when he was down and out if he took the job.

He was saved from marginalization over an alleged liaison with a soft porn queen by Oracle CEO Larry Ellison, who’s got many girls to his credit and who made Hurd president of Oracle after HP foolishly dumped Hurd. He’s now seen as a possible successor to Ellison.

Bloomberg says Blackstone hasn’t made Hurd a formal offer yet.

Blackstone has also reportedly considered former Compaq chief Michael Capellas, lately chairman of the Cisco-EMC venture VCE. Capellas, who sold Compaq to HP, was a senior advisor to Kohlberg Kravis Roberts & Company (KKR) last year when it considered a Dell bid before abandoning the idea.

Blackstone would theoretically have to sweeten the current Silver Lake bid before Friday ends. Actually it only has to indicate it’s interested.

Michael has told a Dell special committee that he’ll “remain available to work in good faith with any competing bidder” and “vote pro rata with the unaffiliated stockholders on any superior transaction recommended by the special committee or, at his option, in favor of such transaction.”

There’s no telling if he would actually partner with a rival bidder by agreeing to roll over his shares or by sticking around as CEO.

Fortune says Blackstone would like to have Michael on its side.

Under Michael’s deal he would take the company private and remain CEO. Without him Blackstone would have to cough up an extra $4.5 billion.

Blackstone has through Friday to make a move under a so-called go-shop provision and may decide to partner up, the Wall Street Journal said, at midnight Wednesday to buy all or part of the company. Its partner could be major Dell stockholders Southwestern Asset Management or TPG. It could also be satisfied with Dell’s financial services operation, the paper said.

Bloomberg says Blackstone has looked at Dell’s books under NDA as have HP, Lenovo and Carl Icahn and could form a consortium of rival investors.

If Dell and Silver Lake are outbid Bloomberg says it’s unclear if the company will go private as Michael is trying to do or stay public.

Dell’s share price is still almost a buck ahead of the $13.65-a-share price being offered.

The New York Times figures it’ll take $1.8 billion for each dollar the price rises or about another $2.3 billion to get to $15 a share.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


CloudEXPO Stories
Blockchain has shifted from hype to reality across many industries including Financial Services, Supply Chain, Retail, Healthcare and Government. While traditional tech and crypto organizations are generally male dominated, women have embraced blockchain technology from its inception. This is no more evident than at companies where women occupy many of the blockchain roles and leadership positions. Join this panel to hear three women in blockchain share their experience and their POV on the future of blockchain.
Concerns about security, downtime and latency, budgets, and general unfamiliarity with cloud technologies continue to create hesitation for many organizations that truly need to be developing a cloud strategy. Hybrid cloud solutions are helping to elevate those concerns by enabling the combination or orchestration of two or more platforms, including on-premise infrastructure, private clouds and/or third-party, public cloud services. This gives organizations more comfort to begin their digital transformation without a complete overhaul of their existing infrastructure - serving as a sort of "missing link" for transition to cloud utilization.
Cloud Storage 2.0 has brought many innovations, including the availability of cloud storage services that are less expensive and much faster than previous generations of cloud storage. Cloud Storage 2.0 has also delivered new and faster methods for migrating your premises storage environment to the cloud and the concept of multi-cloud. This session will provide technical details on Cloud Storage 2.0 and the methods used to efficiently migrate from premises-to-cloud storage. This session will also discuss best practices for implementing multi-cloud environments.
In very short order, the term "Blockchain" has lost an incredible amount of meaning. With too many jumping on the bandwagon, the market is inundated with projects and use cases that miss the real potential of the technology. We have to begin removing Blockchain from the conversation and ground ourselves in the motivating principles of the technology itself; whether it is consumer privacy, data ownership, trust or even participation in the global economy, the world is faced with serious problems that this technology could ultimately help us in at least partially solving. But if we do not unpack what is real and what is not, we can lose sight of the potential. In this presentation, John Bates-who leads data science, machine learning and AI in the Adobe Analytics business unit-will present his 4-prong model of the general areas where Blockchain can have a real impact and the specific use...
FinTech is a disruptive innovation that denotes the adoption of technologies that have changed how traditional financial services work. While FinTech is now embedded deeply into the financial services ecosystem, the rise of digital age has paved way to FinTech 2.0 - which is rolling out innovative solutions through emerging technologies at a disruptive pace while maintaining the tenets of security and compliances. Blockchain as a technology has started seeing pilot adoption in FinTech around trade settlements, fraud detection and would need to sort out few of the technology challenges primarily around transaction time, interoperability with existing systems before being fully adopted into mainstream systems. While private blockchain adoption by Banks have taken shape, the challenge of real time transaction settlement, preventing double spend attacks need to be addressed.