cash reserves

Cisco to Tandberg Shareholders: You’ll Accept $3.04 billion and Like It

John Paczkowski in News on October 30, 2009 at 8:19 am PT

Cisco has a message for Tandberg shareholders pressing the networking giant to raise its $3.04 billion offer for the company: Take it or we’re leaving. Sources tell Bloomberg that Cisco has little intention of meeting the demands of a group of investors who would like it to reach a bit deeper into its wallet before they hand over their 24 percent stake in Tandberg.

Dell: Who You Gonna Buy?

John Paczkowski in News on June 29, 2009 at 12:40 pm PT

Bernstein Research analyst Toni Sacconaghi has a few ideas about what Dell should do with the nearly $11 billion in cash reserves it’s sitting on and they don’t include buying Palm. Sacconaghi believes that Dell isn’t interested in a “transformational” acquisition, though its interest in the handset market might suggest otherwise. Rather, the company is mulling the acquisition of small- to medium-sized enterprise-related companies.

Mr. Rubinstein? Michael Dell on Line 1, Sir. Shall I Put Him Through to Voicemail?

John Paczkowski in News on June 11, 2009 at 1:00 pm PT

Is Dell positioning itself to make a large acquisition? It certainly appears that way. The company recently hired mergers-and-acquisitions specialist David Johnson away from IBM. And yesterday, it sold off $1 billion in bonds. Dell already has $9.7 billion in cash reserves on hand, so presumably it needs that extra billion for something beyond the “general corporate purposes” it claims.