Reading the WSJ this morning, I was interested to see that Michael Dell is unwilling to sweeten the deal for his stock buyback. This led stocks to sink even lower, which I think ultimately plays into Dell's hands. Since he took the company public, they have been suffering from the friction between investors who exert significant pressure based on quarterly earnings, and an increasingly competitive IT sector where the barriers to entry have evaporated. The long term strategy for Dell must be something unique, if it is going to survive. I cannot think of a successful personal computer company that has a bright future, there needs to be an "and" in their brand. Hopefully, Michael Dell can take the company private to make it a PC and ___(insert something really cool here) company.
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