The soap opera for Dell (NASDAQ:DELL) continues with Michael Dell and Carl Ichan, the principal figures in this financial showdown. It's too early to say what's going to happen, but my money will be with Carl Ichan on this one. Michael Dell has had this time with the company and the stock which is what shareholders thought didn't do well under his stewardship. On the other hand, Carl Ichan has done very with his investments and has a track record of being a "disruptive force in the boardroom".
NEWS FLASH: Just this morning it was announced we are going to have to wait until the 24th of July when everyone is going to reconvene to have another meeting on taking Dell private.
Change equals opportunity and Mr. Ichan does represent change. He also has a successful track record and is holding substantial stakes in companies like, RJR Nabisco, TWA, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, Uniroyal, Dan River, Marshall Field's, E-II (Culligan and Samsonite), American Can, USX, Marvel Comics, Revlon, Imclone, Federal-Mogul, Fairmont Hotels, Blockbuster, Kerr-McGee, Time Warner, Motorola, Netflix and Herbalife.
Can Mr. Ichan turn Dell around? Fortunately or unfortunately we are going to have to wait until the 24th of July to find out the fate of Dell.
So what are you waiting for? Let's get started right away!
After the bell, Google (NASDAQ:GOOG) is expected to announce earnings of $10.78 per share vs $10.12 per share last year. I will be looking at that stock today and doing a quick analysis of what I think is going to happen after the earnings are announced.
Likewise, Microsoft (NASDAQ:MSFT) is expected to announce earnings $0.75 per share vs $0.67 per share last year. I will also take a look at that stock today and see if Microsoft has what it takes to compete in the new mobile world.
Enjoy the video, and every success in your own trading.