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Tuesday, 13 October 2009 10:59

Dell will be buying big soon

Written by Nick Farell

Image

Admission mad


Tinman and
box shifter Michael Dell said he will be interested in buying lots of nice shiny new companies soon. Dell, who announced a $3.9 billion takeover of Perot Systems last month, said his company is “rapidly developing” merger expertise and will seek more deals as part of a turnaround plan.

Dell said that his outfit will be reasonably active and is looking at swallowing other companies to bolster sales to corporate customers. He is particularly interested in writing cheques to buy companies with something to do with the health-care industry.

Shelling out cash for Perot Systems is the largest cheque Michael Dell has written in Dell’s 25-year history and follows the takeover of storage computer maker EqualLogic for $1.4 billion in 2008. The Perot move expands Dell’s reach into the computer- services market, especially in the health-care industry, while lessening the company’s reliance on PC manufacturing.

He is hoping that the combined company stands to benefit from a U.S. economic stimulus package that will pour about $20 billion into health-care information technology.
Last modified on Tuesday, 13 October 2009 11:05

Nick Farell

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