Welcome!

@CloudExpo Authors: Yeshim Deniz, Carmen Gonzalez, Zakia Bouachraoui, Pat Romanski, Liz McMillan

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
The Crypto community has run out of anarchists, libertarians and almost absorbed all the speculators it can handle, the next 100m users to join Crypto need a world class application to use. What will it be? Alex Mashinsky, a 7X founder & CEO of Celsius Network will discuss his view of the future of Crypto.
In an age of borderless networks, security for the cloud and security for the corporate network can no longer be separated. Security teams are now presented with the challenge of monitoring and controlling access to these cloud environments, as they represent yet another frontier for cyber-attacks. Complete visibility has never been more important-or more difficult. Powered by AI, Darktrace's Enterprise Immune System technology is the only solution to offer real-time visibility and insight into all parts of a network, regardless of its configuration. By learning a ‘pattern of life' for all networks, devices, and users, Darktrace can detect threats as they arise and autonomously respond in real time - all without impacting server performance.
Today, Kubernetes is the defacto standard if you want to run container workloads in a production environment. As we set out to build our next generation of products, and run them smoothly in the cloud, we needed to move to Kubernetes too! In the process of building tools like KubeXray and GoCenter we learned a whole bunch. Join this talk to learn how to get started with Kubernetes and how we got started at JFrog building our new tools. After the session you will know: How we got to Kubernetes (and why we chose it)
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It's clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. That means serverless is also changing the way we leverage public clouds. Truth-be-told, many enterprise IT shops were so happy to get out of the management of physical servers within a data center that many limitations of the existing public IaaS clouds were forgiven. However, now that we've lived a few years with public IaaS clouds, developers and CloudOps pros are giving a huge thumbs down to the...
10ZiG Technology is a leading provider of endpoints for a Virtual Desktop Infrastructure environment. Our fast and reliable hardware is VMware, Citrix and Microsoft ready and designed to handle all ranges of usage - from task-based to sophisticated CAD/CAM users. 10ZiG prides itself in being one of the only companies whose sole focus is in Thin Clients and Zero Clients for VDI. This focus allows us to provide a truly unique level of personal service and customization that is a rare find in the industry. We offer a multitude of custom embedding options and hardware configurations to ensure our devices are tailor-made to fit seamlessly into the environments of our customers.