Central Texans land on Forbes 2017 billionaires list

AUSTIN (KXAN) — #Forbes released its 2017 list of billionaires Monday and there are several Central Texans who have made the list. According to Forbes’ report, there are more billionaires worldwide this year than there was last year. In 2016, there were 1,810, this year the number is 2,043 — a 13 percent increase. Forbes still has #BillGates has the richest person on the planet — his fourth straight year. Gates is valued at $86 billion, up from $75 billion in 2016. Central Texas’ own tech giant, #MichaelDell, 52, is the richest person in the Austin-area, coming in at No. 38 with a net worth of $20.4 billion. In September 2016, #Dell finalized a deal to acquire #EMC Corporation in a $60 billion deal. The combination of the two companies created a $74 billion company. In 2016, Dell’s net worth was valued at $19.8 billion. Paul Mitchell owner John Paul DeJoria, 72, dropped to No. 630 with a net worth of $3.1 billion. Robert Smith, of Austin, runs a private equity shop, Vista Equity Partners. His net worth is valued at $2.5 billion, putting him at No. 814.
http://kxan.com/2017/03/20/forbes-2017-billionaires-list-michael-dell-is-still-rich/

Vmware, Inc. (VMW) Files Form 4 Insider Selling : Michael S Dell Sells 1,461,514 Shares

#Vmware, Inc. (VMW): #MichaelSDell , director officer 10% owner (Chairman of the Board of Vmware, Inc. sold 1,461,514 shares on Feb 8, 2017. The Insider selling transaction was reported by the company on Feb 10, 2017 to the Securities and Exchange Commission. The shares were sold at $80.17 per share for a total value of $117171328 , the company said in a SEC Form 4 Filing. Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 10, 2017, Michael S Dell (director officer 10% owner (Chairman of the Board) sold 4,775,142 shares at $80.17 per share price.On Dec 12, 2016, Maurizio Carli (EVP, Worldwide Sales) sold 12,650 shares at $81.14 per share price.Also, On Nov 21, 2016, P. Kevan Krysler (Sr. Vice President, CAO) sold 3,000 shares at $79.42 per share price.On Sep 9, 2016, S. Dawn Smith (Senior VP, Chief Legal Officer) sold 977 shares at $73.59 per share price. VMware: On Tuesday, Feb 7, 2017 heightened volatility was witnessed in VMware which led to swings in the share price. The shares opened for trading at $89.32 and hit $90.32 on the upside , eventually ending the session at $89.47, with a gain of 0.11% or 0.1 points. The heightened volatility saw the trading volume jump to 12,42,940 shares. The 52-week high of the share price is $90.32 and the company has a market cap of $36,535 M . The 52-week low of the share price is at $43.25.

https://www.themarketdigest.org/2017-02-11-vmware-inc-vmw-files-form-4-insider-selling-michael-s-dell-sells-1461514-shares

For CEOs Like Michael Dell, Donald Trump’s Deregulation Pitch Comes With One Huge Caveat

Play Video Watch Highlights of Donald Trump’s Meeting with Business Leaders Taxes were a big part of the conversation Donald Trump For CEOs, Donald Trump’s Deregulation Pitch Comes With One Huge Caveat Geoff Colvin 10:10 AM CST Business leaders face a new daily task: deciding how deeply to discount what Donald Trump says. For example, his repeated promises to release his tax returns should have been discounted 100%, as we learned yesterday. On the other hand, his pledges to shred the Trans-Pacific Partnership should have been discounted 0%, as we also learned yesterday. The hardest part of this task is deciding how to discount assertions that are bold yet subject to interpretation, like his statement yesterday to a dozen CEOs that “I think we can cut regulation by 75%, maybe more.” Making this statement particularly tough to decode is the uncertain meaning of “regulation.” Business people are generally in favor of reducing it, but if they think Trump means reducing Washington’s interference in their business, they may be disappointed. Evidence is accumulating that while Trump may eliminate some written rules governing business, he may replace them with unwritten rules known only to him and subject to his moods and whims.

For example, yesterday he told the CEOs in the White House—including #Tesla ’s Elon Musk, #UnderArmour ’s Kevin Plank, #Ford ’s Mark Fields, and #DellTechnologies ’ Michael Dell—“When you have a company here, you have a plant here.” No such rule exists anywhere in law or regulation—many U.S. companies quite legally outsource all their production—yet it’s now effectively a new regulation, a dictate from the president himself. Ironically, Trump even told the room that keeping operations and jobs in the U.S. was part of the price they must pay for less regulation. But is less regulation really the result?

http://fortune.com/2017/01/24/for-ceos-donald-trumps-deregulation-pitch-comes-with-one-huge-caveat/

25 inspiring quotes by Michael Dell on business, life, and opportunity

Here are 25 quotes by @MichaelDell on business, life, and opportunity to motivate and help anyone struggling to make a mark in their business. “Try never to be the smartest person in the room. And if you are, I suggest you invite smarter people…or find a different room.” “There’s always an opportunity to make a difference.” “If you’re happy, that’s probably the most important thing. #iwork4dellp #DellEMC Everyone probably has their own definition of success, for me its happiness. Do I enjoy what I’m doing? Do I enjoy the people I’m with? Do I enjoy my life?” “Our business is about technology, yes. But it’s also about operations and customer relationships.” “Each day that you’re moving toward your dreams without compromising who you are, you’re winning.” “I do think a founder has special permission to make sweeping changes across an organization.” “Ideas are a commodity. Execution of them is not.” “If you look at innovation, it doesn’t just occur in the lab.” “There is no better catalyst to success than curiosity.” “Regrets are born of paths never taken.” “Anything that can be measured can be improved.” “Whether you’ve found your calling, or if you’re still searching, passion should be the fire that drives your life’s work.” “The very thing you fear could be the best thing to ever happen to you.” “We are all gifts to each other, and my own growth as a leader has shown me again and again that the most rewarding experiences come from my relationships.” “It’s easy to decide what you’re going to do. The hard thing is deciding what you’re not going to do.” “Celebrate for a nanosecond.” “Ignore the people who tell you it won’t work and hire people who embrace your vision.” “The idea of being all things to all people is a thing of the past.” “Collaboration equals innovation.” “You can’t be afraid to fail because that’s when you learn.” “As you start your journey, the first thing you should do is throw away that store-bought map and begin to draw your own.” “We’ve found that customers are very open. They’ll tell you what’s going on, what’s working and what’s not. They’re looking for help.” “The point is, you can’t keep doing the same thing and expect it to keep working.” “It’s exciting to see how fast your kids learn and grow. I’m not too worried about them, particularly the ones who like to break rules and don’t follow instructions; those are the ones that will do just fine because they know what’s important to them.” “If you have to go through life being unhappy to conform to society around you, that’s not a very good deal.” Intelligent isn’t he?

https://m.yourstory.com/2016/12/inspiring-quotes-michael-dell/amp/

Goldman Sachs said to receive Fed warning on UFC buyout debt

#FederalReserve bank supervisors cautioned #GoldmanSachs Group Inc. over risks in a debt deal it arranged to fund the US$4 billion buyout of ( #UFC )Ultimate Fighting Championship, according to people with knowledge of the matter.  Federal Reserve bank supervisors cautioned Goldman Sachs Group Inc over risks in a debt deal it arranged to fund the US$4 billion buyout of Ultimate Fighting Championship, according to people with knowledge of the matter. The warning came in recent days as regulators continue their campaign to rein in risky lending practices by Wall Street's biggest banks. Regulators, who have criticised financing deals where a company's debt reaches higher than six times a measure of its earnings, focused on how an accounting adjustment boosted cash flow projections when the UFC debt sale was being marketed, the people said. They asked not to be identified because the matter is private.

http://www.businesstimes.com.sg/banking-finance/goldman-sachs-said-to-receive-fed-warning-on-ufc-buyout-debt

Michael Dell Says `Bullish on China' Even Amid Volatility

@MichaelDell said he’s bullish on China, even though the economy is showing signs of weaker growth and stock-market turmoil has wiped out $1.8 trillion in wealth.

#Dell, founder and CEO of personal-computer maker Dell Inc., said China’s enormous population and use of technology is making it an attractive place to sell Dell’s products. The country is Dell’s second-largest market outside of the U.S. Last year, the maker of PCs, software and data-center equipment announced it was expanding in China by linking up with the Chinese Academy of Sciences to create an artificial intelligence lab.

"While there’s volatility, fluctuations, et cetera, long term, I’m quite positive on China," Dell said in an interview at Bloomberg’s headquarters in New York.

http://www.bloomberg.com/news/articles/2016-01-28/michael-dell-says-bullish-on-china-even-amid-volatility

Michael Dell To Keynote EMC World

A whole new kind of celebrity is keynoting at this year's #EMC World as @MichaelDell, whose company previously was one of EMC's greatest competitors but is later this year expected to own EMC, will make his first on-stage appearance at the annual conference.

Michael Dell, chairman and CEO of Dell Inc., is slated to be one of the three opening keynote speakers at EMC World 2016, set for May 2 to 5 in Las Vegas. The other two opening keynote speakers include EMC Chairman and CEO @JoeTucci and EMC Information Infrastructure CEO David Goulden.

http://m.crn.com/news/storage/300079306/michael-dell-to-keynote-emc-world.htm

CEO Michael Dell Says Encryption Backdoors Are 'a Horrible Idea'

TECH DELL
CEO Michael Dell Says Encryption Backdoors Are 'a Horrible Idea'

SAN FRANCISCO - SEPTEMBER 22: #Dell CEO Michael Dell delivers a keynote address during the 2010 Oracle Open World conference on September 22, 2010 in San Francisco, California. The Oracle Open World runs through September 23.

@MichaelDell, chief executive officer of his self-named computer company, knows on whose side he stands amid the great encryption debate—the question of whether tech companies should supply certain governments with access to their users’ encrypted communications. He is adamantly opposed.

“Our position on creating a back door inside our products so that the government can get in is that it’s a horrible idea,” he told the Telegraph, a United Kingdom-based newspaper, on Sunday.

Dell’s condemnation comes soon after Theresa May, the British home secretary, earlier this month unveiled a draft piece of legislation that proposes to grant UK spy agencies and law enforcement sweeping surveillance powers. The draft Investigatory Powers Bill requires communications service providers to assist the government in investigations by “maintaining the ability to remove any encryption applied by the CSP to whom the notice relates,” as the text of the bill states.

Depending upon the proposed bill’s implementation, it could greatly hinder or even end strong #encryption in the country. (Although other people are skeptical that the bill, if adopted, would change much.)

http://fortune.com/2015/11/16/dell-encryption-backdoors-horrible-idea/

Michael Dell's Most Heavily Weighted Stocks

Guru @MichaelDell ( Trades , Portfolio ) of #MSDCapital only has seven companies in his portfolio, so identifying his most heavily weighted stocks isn't difficult. The hard part is deciding where to draw the line.
In the case of Dell's portfolio, it seems prudent to draw the line below the stocks with double-digit weightings. That leaves four of the holdings in his portfolios - #AsburyAutomotiveGroup Inc. ( NYSE:ABG ), #EsterlineTechnologies ( ESL ), #DineEquity Inc. ( DIN ) and PVH Corp. ( PVH ) - as his most heavily weighted.
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Asbury Automotive Group Inc.
Asbury Automotive Group, an Atlanta-based operator of automobile dealerships across the U.S., is Dell's most heavily weighted stock. Dell owns 2,225,596 shares valued at $201.68 million with a weighting of 24.89%.
Asbury Automotive Group has a market cap of $2.03 billion and an enterprise value of $3.63 billion. It has a P/E of 15.5, a forward P/E of 13.4, a P/B of 6.8 and a P/S of 0.4. GuruFocus has given Asbury Automotive Group a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Dell is Asbury Automotive Group's leading shareholder among the gurus. Other gurus who have shares of Asbury Automotive Group in their portfolios are Larry Robbins (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio) and Ronald Muhlenkamp (Trades, Portfolio).

http://m.nasdaq.com/article/michael-dells-most-heavily-weighted-stocks-cm540126

EMC to retain some autonomy after acquisition

AUSTIN, Texas -- The CEO and founder of #Dell sought to assure concerned investors that the computing giant will not shake up #EMC after the $67 billion acquisition of the software and storage company.

EMC and its subsidiaries will be able to maintain an organizational structure that spurs innovation and hold on to existing customers, @MichaelDell told The Nikkei and others in a Wednesday interview.

http://asia.nikkei.com/Business/Deals/EMC-to-retain-some-autonomy-after-acquisition

Michael Dell says HP CEO Meg Whitman 'has her facts wrong' about EMC buyout

AUSTIN: @MICHAELDELL has responded to #HP CEO @MegWhitman 's criticism of #Dell 's to buy data storage firm #EMC, saying "she got some of her facts wrong".
The Dell CEO made the comments in the opening keynote of his company's annual conference in Austin, Texas, when questioned about whether he'd heard Whitman's comments regarding Dell's decision to acquire EMC for a record-breaking $67bn.
"HP is a great #VMware partner," said @Dell, just before he paused for a good few seconds and smirked, throwing some shade at the @HP CEO and immediately provoking laughs among the crowd.
"I don't have any other comments about that, but she got some of the facts wrong. We'll let the facts speak for themselves."

http://m.theinquirer.net/inquirer/news/2431302/michael-dell-says-hp-ceo-meg-whitman-has-her-facts-wrong-about-emc-buyout

EMC-Dell dynamic duo: Mike's my ‘brother from another mother’ – Tucci

#EMC/#Dell deal  @MichaelDell has named one Dell exec – @RoryRead – and one @EMC exec – @HowardElias – to oversee deduplication of the two companies’

http://go.theregister.com/feed/www.theregister.co.uk/2015/10/15/duo_to_integrate_dell_emc/