Market Overview

HP Offers Statement on Dell LBO

Related HPQ
Oracle Corp. Misses Q1 Views; Shuffles Top Managers
Rackspace Hosting, Inc. Kills Merger Plan, Stock Tumbles
Good Time to Buy Avago Technology? (Fox Business)
Related DELL
Why Bitcoin's Growth Should Explode
Top Bitcoin News: Dell, Proposed Regulation, And A U.S. Exchange
Is it a Good Time to Buy Broadcom? (Fox Business)

HP (NYSE: HPQ) today issued the following statement related to Dell's announcement to enter into an agreement to be acquired by Michael Dell and Silver Lake: "Dell has a very tough road ahead. The company faces an extended period of uncertainty and transition that will not be good for its customers. And with a significant debt load, Dell's ability to invest in new products and services will be extremely limited. Leveraged buyouts tend to leave existing customers and innovation at the curb. We believe Dell's customers will now be eager to explore alternatives, and HP plans to take full advantage of that opportunity."

Posted-In: News M&A

 

Related Articles (DELL + HPQ)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters