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Home > Plugged In > Archives > 2008 > April > 08 > Entry
Dell talks about “strategic initiatives” with Dubai firm
Dell Inc. is in talks about “strategic initiatives” with Tecom Investments in Dubai, Bloomberg News reported..
Dell CEO and founder Michael Dell and Abdullatif al- Mulla, CEO of Tecom Investments, and held a press briefing in Dubai to announce the discussions.
Dell didn’t elaborate about the talks, but he said he’d welcome investment from the oil-rich emirate, Bloomberg said.
According to Bloomberg, Tecom Investments is owned by Dubai Holding LLC and Dubai International Capital. It manages business parks in Dubai and owns stakes in some technology and communications companies.
Comments
By Wuzza
April 9, 2008 1:29 PM | Link to this
What does Mikey need more money for? After all he buys billions of dollars of stock back all the time. Could it be that thar’s (more) financial trouble brewing in Round Rock?”?
By Andy Rogers
April 11, 2008 3:20 AM | Link to this
Dell doesn’t need more money, they nedd more brains. While Michael has been asleep at the wheel making things cheaper, HP has been eating Dell’s lunch and Apple has been coming up with new ideas. Dell needs a CEO with more than one very worn-out idea, like Steve Jobs, although he’s probably too smart to take the job.