Dell and 4 Hot Stocks Attracting Attention Now
Dell Inc (NASDAQ:DELL): Current Price $12.83
According to sources, Dell Inc (NASDAQ:DELL) has appointed boutique investment firm Evercore Partners Inc (NYSE:EVR) to advise a special committee of its board on the likely leveraged buyout of the company by a group led by Silver Lake Management LLC. Evercore’s brief would be to identify more lucrative offers for the company, if they exist, during the statutory “go shop” period in the event the buyout materializes. Michael Dell, who holds 15.7% in the company, is expected to roll his stake into the $15 billion buyout, say these sources. The “go shop” process run by Evercore would protect the company from lawsuits that may allege it did not make efforts to obtain better offers for its shareholders.
Research in Motion (NASDAQ:RIMM): Current Price $15.84
Research in Motion (NASDAQ:RIMM) CEO Thorstein Heins says the company may consider selling off its hardware production or license out its software after the launch of its new Blackberry 10 smartphones. Speaking to German newspaper Die Welt, he said the company’s current focus was the successful introduction of Blackberry 10 and the new options would be considered thereafter.
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Nokia (NYSE:NOK): Current Price $4.44
Nokia Siemens Networks, a joint venture between Nokia (NYSE:NOK) and Siemens (NYSE:SI), may test the waters with its first foray into the capital markets by issuing high yield bonds worth €700 million that will be used to repay existing bank borrowings or invest in future development. The unit had been put up for sale by its parents last year to private equity groups, but after talks failed, Nokia and Siemens injected €1 billion to beef up its finances. This additional equity, along with drastic cost cutting measures and a program to sell non-core businesses, led to three consecutive profitable quarters for Nokia Siemens Networks. The telecom equipment maker’s return to profitability helped bolster Nokia’s quarterly results which have been pressured by consistent loss of market share in its handset business due to competition from Apple (NASDAQ:AAPL) and Samsung.
Santander (NYSE:SAN): Current Price $8.56
Spanish bank Santander (NYSE:SAN) is likely to make a $3.2 billion bid for the UK operations of National Australia Bank (NABZY.PK), according to the Sunday Times. Santander has been scouting for a suitable deal ever since its negotiations to buy over 300 branches from the Royal Bank of Scotland (NYSE:RBS) failed last year. On the other hand, National Australia Bank was also unsuccessful in its efforts last April to sell 337 branches located across Clydesdale and Yorkshire. In this marriage of convenience, Santander would secure operations that have a substantial base in lending to small and medium enterprises, as well as strengthen the scale of its UK business prior to its likely public listing.
Walt Disney Co.’s (NYSE:DIS): Current Price $52.34
Walt Disney Co.’s (NYSE:DIS) stellar financial performance, not to mention the appreciation in its stock value, has reflected nicely on CEO Robert Iger’s payslip for 2012. His package jumped 20% to $40.2 million, comprising basic salary of $2.5 million, stock awards of $9.5 million and a cash and stock bonus of about $24.3 million. “The compensation committee strongly believes in pay for performance and that our ongoing success is in large part due to the contributions of the senior management team under the leadership of our CEO, Robert A. Iger,” the company said in its regulatory filing.
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