Dell Earnings Don't Matter If Icahn Campaign Hardens
NEW YORK (TheStreet) -- Dell's (DELL) earnings, no matter how bad they are, will take a backseat to a campaign being run by activist investor Carl Icahn to scuttle the PC-maker's $13.65 a share takeover by Silver Lake Partners and founder Michael Dell.
Dell's earnings are coming about a week ahead of schedule and CNBC reports the company may miss estimates. The question is whether earnings will have any material impact on Icahn's interest in competing for Dell after other bidders dropped out of the running for the struggling PC maker.
Already, Icahn has called Dell's takeover "the great giveaway" and sees significant value in returning the company's cash stockpile to shareholders and giving investors a leveraged stake in the company's potential turnaround or breakup.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV