Dell Owner Admits Rapid Rise of Tablets Surprised Him

As his company goes private via a $24.4 billion deal, Dell founder Michael Dell has admitted that the rapid rise of tablets has surprised him.

The emergence of the tablet market is widely believed to have been the cause of the PC industry's market decline. "I didn't completely see that coming," Dell said, adding that he did not expect to see businesses ditch PCs in favor of adopting tablets in such a short period of time.

During October 2012, tablet display shipments surpassed that of notebooks. In 2013, global tablet shipments are expected to surpass notebooks by approximately 33 million units at over 240 million units.

Dell, meanwhile, was once the dominant force in the PC market. However, its fortunes have continuously declined with emerging technologies. In a bid to revive the company's performance in the market, it recently completed a $24.4 billion deal to take it private.

It was financed by current CEO and founder Michael Dell, private equity firm Silver Lake, and debt financing from a consortium of banks, while Microsoft contributed a $2 billion loan.

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  • ingtar33the only reason he's buying his company back is to use it as his own personal piggy bank. he's been planning on doing this ever since he got in trouble with the SEC for doing just that a few years ago.


    The beauty of a privately-owned company is that they can do whatever they please rather than having to bend to the will of share-holders and a short-term-profit-hungry board of directors that make terrible business decisions. You know, like HP.
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  • Other Comments
  • In before some guy mentions his 1997 comment about Apple needing to shut down and giving money back to shareholders...
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  • Portability, with the added benefit to consume media laying back at the couch, at the living room, at the toilette, and, when waterproof, in the shower too.
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  • the only reason he's buying his company back is to use it as his own personal piggy bank. he's been planning on doing this ever since he got in trouble with the SEC for doing just that a few years ago.
    -10