Dell (NASDAQ:DELL): Current price $13.34
On Friday morning, Michael Dell had another go at the activist hedge fund titan Carl Icahn, again making his argument that Icahn’s proposal would significantly harm Dell’s company. Via a presentation to investors, made public in a U.S. Securities and Exchange Commission filing, Michael Dell emphasized that taking the company private would permit it to build its enterprise software and service business and generally help it recover its profitability away from Wall Street’s insistence upon short-term results. However, Icahn is all about staying public, as he wants Dell investors to block the $24.4-billion buyout led by Michael Dell and the private-equity firm Silver Lake Partners. Instead of Michael Dell’s plan, he wants shareholders to back a new slate of directors that will begin a $14-per-share repurchase program, which would give weary investors an opportunity to exit.
Facebook (NASDAQ:FB): Current price $24.30
Facebook has appointed a new vice president and general counsel to oversee its legal and security departments. The current Vice President and Deputy General Counsel Colin Stretch will assume his new position on July 5th and general counsel. Since joining Facebook in 2010, Stretch has led a number of the firm’s notable legal initiatives. In 2011, he was a lead negotiator for the settlement with the Federal Trade Commission, and also led the appellate victory in the Winklevoss case. Most recently, Stretch was a partner at Kellogg Huber Hansen Todd Evans & Figel in Washington, D.C.
Yahoo! (NASDAQ:YHOO): Current price $25.27
Chief Executive Marissa Mayer is nearing her one-year anniversary at Yahoo, and thus far is staying close to the company’s traditional advertising model, while seeing more video programming of every sort as key to the strategy. Mayer said at the Reuters Global Technology Summit on Thursday, “We’re working on various methods in terms of how we can increase our video views, and watching. It’s clear to me that our video business is something that’s growing a lot. It’s something that we’d like to accelerate.” Meanwhile, knowledgeable sources have told Reuters that Yahoo is presently bidding to purchase Hulu, the online vehicle for TV programming owned by The Walt Disney Company and News Corp, although Mayer did not comment on the matter.
Don’t Miss: France Has a Problem With Amazon’s Discounts.