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Lenovo to buy IBM`s low-end server business for $2.3 bn

Last Updated: Thursday, January 23, 2014, 15:44

Chinese computer giant Lenovo will buy IBM`s low-end server business for USD 2.3 billion, it said Thursday, giving it a platform to compete in that sector with US giants Dell and Hewlett-Packard.

Lenovo resumes talks to buy IBM unit - source

Last Updated: Tuesday, January 21, 2014, 02:41

China`s Lenovo Group Ltd <0992.HK> has resumed discussions to buy International Business Machines Corp`s low-end server unit, a source familiar with the matter stated.

Dell eyes high-growth Indian tab market with 'Venue'

Last Updated: Monday, January 20, 2014, 22:41

The company, which is trying to make inroads in the Indian tablet market, will also add 40 exclusive Dell stores by February-end to expand its retail presence in the country.

Cryptolocker ransomware 'infects about 250,000 PCs' since September

Last Updated: Wednesday, December 25, 2013, 22:24

Cryptolocker scrambles users' data and then demands a fee to unencrypt it.

Dell Ventures to invest $300 mn for innovation

Last Updated: Friday, December 13, 2013, 20:59

The Fund is Dell's second major investment fund and builds on the USD 60 million Dell Fluid Data Storage Fund announced last year, it added.

Dell completes $24.9 billion buyout deal to go private

Last Updated: Tuesday, October 29, 2013, 23:33

"Today, Dell enters an exciting new chapter as a private enterprise," Michael Dell said in a statement.

Icahn caves on Dell again, will not seek share rights

Last Updated: Friday, October 4, 2013, 22:22

Activist investor Carl Icahn, who ended his months-long campaign against Michael Dell's planned buyout of Dell Inc(DELL.O) last month, on Friday signaled his final retreat from the struggling personal computer maker.

Dell gets regulatory nod for $25 bn buyout deal

Last Updated: Tuesday, October 1, 2013, 21:44

US-based computer major Dell on Tuesday said it has received regulatory clearances for the buyout deal offered by founder Michael Dell and the transaction will close by the end of October.

Dell shareholders approve founder's offer to take firm private

Last Updated: Friday, September 13, 2013, 16:56

Michael Dell's efforts to take the firm private had hit a stumbling block as he faced stiff resistance from billionaire activist investor Carl Ichan and money manager Southeastern Asset Management.

Dell to invest more on PCs, tablets after $25 billion buyout win

Last Updated: Friday, September 13, 2013, 15:55

End-user computing, defined as devices such as PCs and tablets, remains an important focus for the company despite the rapid decline of the global personal computer market, the CEO told reporters briefly, without elaborating or taking questions.

Michael Dell, Silver Lake win shareholder OK for $25 bn buyout

Last Updated: Thursday, September 12, 2013, 23:16

Michael Dell clinched shareholder approval on Thursday for his $25 billion offer to buy and take Dell Inc private, ending months of conflict with the company's largest investors and removing the uncertainty surrounding the world's No. 3 PC maker.

Dell launches $5.5 billion loan to back leveraged buyout

Last Updated: Thursday, September 12, 2013, 09:22

A lender meeting was held today in New York City. Michael Dell was on the agenda to discuss the company.