Daily Archives: February 5, 2013

Dell quits Stock market! goes Private with $24.4 Billion deal

dell-$24.4billion-buyout

Dell, the third largest PC vendor in the world has quitted Wallstreet upon its slumping growth and falling shares. Yes, The company goes Private pulling itself out of the American Stock exchange NASDAQ.

dell-$24.4billion-buyout

Dell has been taken over for a huge deal of $24.4 Billion by a team comprising its founder Michael Dell and private equity firm Silver Lake and supporting parties. This is the largest leveraged buyout of its kind since the financial crisis and overall the second largest, trailing behind the First Data Corporation’s  $27 billion deal in 2007.

Reuters reporting the buyout said,

The deal is being financed by cash and equity from Michael Dell, cash from Silver Lake, cash from Michael Dell’s MSD Capital investment firm, a $2 billion loan from Microsoft Corp and debt financing from Bank of America Merrill Lynch, Barclays, Credit Suisse and RBC Capital Markets.

Dell Shareholders will be paid $13.65 for each share they hold and the official transaction is expected to close before the end of the second quarter of Dell’s fiscal 2014.

Dell’s PC sales went steeply down with the boom of Tablets and Smartphones and its not only Dell but its competitor HP and its friends Intel, Microsoft who were the King of PC once are finding it very hard to grow maintain their position with the growth of mobile devices.

Acer launches Liquid C1 x86 based Smartphone powered by Intel Atom Processor at $333

Acer Liquid C1

If you are a diehard Intel fan and don’t want to contribute to the revenue of fast growing Intel’s competitor Qualcomm, Here is a Smartphone for you. Acer trying to make it’s mark in the rapidly developing Smartphone market, introduces a new x86 based Smartphone, Acer Liquid C1 and this will be the first x86 based smartphone in Asia-Pacific region.

Acer Liquid C1 powered by Windows 8 / Windows RT Android 4.0 IceCream Sandwich OS (Then why x86 Processor!) runs on Intel Atom Z2420 (Lexington), sports a 4.3-inch display with resolution 960 x 540 (Forget HD!). The 1.2 GHz Intel Atom processor with Hyper threading supports upto 21Mb/s data download on HSPA+ Intel XMM 6265 slim modem.

Acer Liquid C1

Hope the 8MP rear camera with LED Flash and 0.3MP front camera for video calls shouldn’t disappoint the Smartphone photography lovers. Its bit crazy to see Acer launching Liquid C1 with 4GB internal memory while other smartphone manufacturers are heading towards 16GB and 32GB internal memory and Yes, It does have an external SD slot which is expandable upto 32GB but ICS won’t allow your apps to sit in your card so your apps thirst are limited to 4GB.

Measuring 127.3mm x 65.5mm x 9.95mm, Acer Liquid C1 weighs 140 grams (Approx.) with its 2000 mAh battery.

Acer is expected to sell Liquid C1 at a subsidized price of $333 but the real question is Will it be worth to spend $333 for this? Yes, it’s worth for someone who is upgrading himself from Old mobile phones to smartphones but with this Liquid C1 Acer cannot (shouldn’t) expect to gain marketshare from the existing smartphone users.