Bohemia, NY (PRWEB) September 19, 2013
Financing expert Alec Sohmer responds to an article published by Time Business, which discusses Dell’s buyout plan and its decision to become a private company again.
According to an article published by Time Business on September 12th titled “Dell Shareholders Approve Michael Dell’s Buyout Plan,” Dell shareholders voted to approve the $24.9 billion buyout of the computer company. Michael Dell, the company’s founder, struck a deal with private equity firm Silver Lake Partners to take the company private.
In an effort to save the computer company, the article says Dell plans to invest in “mobile devices and data-center machines and to grow the company’s business of providing technology solutions to other businesses.”
Alec Sohmer, a financing specialist and managing director at Plymouth Rock Capital, says this move might be what Dell needs to save the computer company. However, he cautions that the market is very competitive. “Dell is trying to make a comeback and going private could give the company the support it needs to do just that,” he says. “Unfortunately, it is not being welcomed easily into this market. The mobile device industry is extremely saturated, so Dell must develop some groundbreaking products in order to compete with the likes of Apple, Samsung and Windows.”
Sohmer says the company also needs to solidify itself as a leading IT consultant to maintain the status it had once before. “If Dell’s saving grace is going to be mobile technologies and business solutions, then it better secure top notch clients and prove its worth as an IT consultant before it runs out of money.”
Alec Sohmer, a strategic financing leader and co-founder of Plymouth Rock Capital, has 20 years of Board-level experience. He has served in many interim management positions for businesses requiring significant turnaround or restructuring. He is able to increase revenue streams by utilizing a variety of line management techniques. In his two decades of experience, he has dramatically increased revenues of businesses by identifying untapped markets.