Dell, the Texas based computer systems giant, has reached an agreement to buy Perot Systems for nearly $4 billion. Both companies had the purchase approved by its board of directors. By purchasing Perot Systems, Dell hopes to better compete with other technological giants such as IBM and Hewlett-Packard.
“We consider Perot Systems to be a premium asset with great people that enhances our opportunities for immediate and long-term growth,” said Michael Dell, the CEO of Dell. “This significantly expands Dell’s enterprise-solutions capabilities and makes Perot Systems’ strengths available to even more customers around the world.”
Perot Systems was founded in 1988 by …read more

Dell, one of the leading United States computer companies, saw their profits in the latest quarter decline by 63%. Last year, Dell had a quarterly profit of $784 million. This year, that number dropped all the way to $290.
Despite Dell coming up well short of expectations by most experts, CEO Michael Dell remained positive.
“Signals about the demand environment are mixed, but we’re preparing for what we believe will be a powerful replacement cycle,” said Dell, “with virtualization and managed services playing larger roles in what customers want and Dell provides.”
One of the big problems for Dell is that individuals and …read more

IndyMac, one of the many banks that went belly up during the current national economic struggles, has been purchased by OneWest. The deal was completed by the FDIC on Thursday in a sale that cost OneWest a total of slightly less than $14 billion.
The main reason why IndyMac failed was the housing crisis. Once that bubble burst, IndyMac didn’t have enough money on hand to stay afloat.
OneWest is a bank based in Pasadena, California that has a lot of big names backing it including billionaires Michael Dell and George Soros. Dell is the founder of computer giant Dell Inc., while …read more