Admission mad
Tinman and box shifter Michael Dell said he will be interested
in buying lots of nice shiny new companies soon. Dell, who announced a
$3.9 billion takeover of Perot
Systems last month, said his company is “rapidly developing” merger
expertise
and will seek more deals as part of a turnaround plan.
Dell said that his outfit will be reasonably active and
is looking at swallowing other companies to bolster sales to corporate
customers. He is particularly interested in writing cheques to buy
companies with something to do with the health-care industry.
Shelling out cash for Perot Systems is the largest cheque
Michael Dell has written in Dell’s 25-year history and follows the
takeover of storage computer maker EqualLogic for $1.4 billion in
2008. The Perot move expands Dell’s reach into the computer-
services market, especially in the health-care industry, while
lessening the
company’s reliance on PC manufacturing.
He is hoping that the combined company stands to benefit
from a U.S. economic stimulus package that will pour about $20
billion into health-care information technology.