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Aware, Inc. Message Board

  • fd_rox fd_rox Mar 11, 2013 2:53 PM Flag

    Books and Records requested of Dell

    Carl Ichan requested a books and records review of Dell in advance of Michael Dell's purchase of the company to take it private. Interesting!

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    • Icahn's query into Dell is so appropriate for Aware that Mr Icahn sort of acts as a spoiler for Stafford and Michael Dell. I must write him and thank him for his service to maintaining the integrity of the US FInancial System. Without men of great testiclees the rats would just take over.

      • 1 Reply to fd_rox
      • More discussion just now on CNBC regarding 'activist investors' and whether they are good or bad for the market. The consensus opinion was that if the activist was drawn to the company by a preponderance of shareholders who distrust management, it was a good thing for the shareholders. Conversely, it was a bad thing, if the activist motivated only by short term greed, was just looking to disrupt and draw suspicion to a company with a history of honest management.

        In Awares case, the issue isn't whether shareholders benefited since the Staffords took control of the company. Rather it's our distrust caused by failing to disclose material information, including but not limited to the details surrounding Daphimo, Hybrid Audio, and TQDelta. Staffords stubborn policy of maintaining an information embargo began when their first action was to cancel all future quarterly conference calls. That alone gives cause to distrust.

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