In response to the news that Dell is going private in a partnership between Michael Dell and investment group Silver Lake, rival HP send out the following statement. Pretty harsh words considering all the scandals HP had to deal with in recent years.
"Dell has a very tough road ahead. The company faces an extended period of uncertainty and transition that will not be good for its customers. And with a significant debt load, Dell's ability to invest in new products and services will be extremely limited. Leveraged buyouts tend to leave existing customers and innovation at the curb. We believe Dell's customers will now be eager to explore alternatives, and HP plans to take full advantage of that opportunity."
