Tag Result For: Dell

Computers:

Dell to buy Compellent for $960 million

By Kurt Black posted December 13, 2010, 10:26 am | 0

Dell Inc agreed to buy data storage company Compellent Technologies Inc for about $960 million in cash, to expand beyond PCs and catch up with rivals Hewlett-Packard Co and IBM in technologies like cloud computing.

Shares of Dell dropped nearly 1 percent early Monday after it announced that it would offer $27.75 a share for Compellent, a price that is about a 3 percent discount to Compellent’s closing price on Friday on the New York Stock Exchange.

Compellent shares were down 2.4 percent, or 71 cents, at $28 in premarket trading, although they were still trading nearly 1 percent above Dell’s bid.

Dell will pay $820 million, net of cash.

Compellent shares have risen about 46 percent since late October when Reuters first reported the deal was being discussed.

Monday’s deal was widely expected after Dell and Compellent announced last week that they were holding “advanced discussions.” At that time, Dell said it would bid $27.50 a share.

Devices:

Dell Debuts Aero, First U.S. Smartphone on AT&T

By Ryan Deal posted August 25, 2010, 10:59 am | 0

Dell Inc on Tuesday released its first U.S. smartphone, entering the increasingly crowded market with a 3.5-inch Android device called the Aero that costs about $100 on AT&T network.

The long-anticipated move by the computer manufacturer puts Dell in competition with Apple Inc, the market leader in smartphones, and with a clutch of other phones that use Google Inc’s Android operating system.

Round Rock, Texas-based Dell said its new smartphone will sell for $99.99 with a 2-year contract from AT&T, or $299.99 without the contract.

Dell said the Aero will be one of the lightest Android smartphones in the United States, and will support Adobe Systems Inc’s Flash software. That sets Dell apart from Apple, which has declined to use Flash on its mobile devices.