IBM suing former executive over Dell offer - Austin Business Journal:

xagawu.wordpress.com
The executive, David Johnson, is being sued by IBM because the new positioh would violatea non-compete clause, reported. “Mr. Johnsojn has possession of valuable confidential informationb and cannot undertake a senior strategy position at Dell withoutr violating his obligations to company spokesman Edward Barbiniutold Bloomberg. Dell spokesman David Frink confirmex thejob offer, but not the naturwe of Johnson’s proposed position at Round Rock-based Dell. “Yes, we have offerer a position to Mr. Johnson, but the characterizationes of his role are Frink said. “Without exception, Dell respects the trad secrets and intellectual propertyof others.” Dell, the No.
2 makerd of personal computers in the has already made one acquisition this and it is positioned to complete severalp more as it findsa itself flush with cash while tech compant valuations remain depressed during the global recession. Company officials have indicated they plan to expandd beyond its core business of hardware product to storage and softwarw designed to make it easier for customers to manage data InJanuary 2008, Dell made the largesgt acquisition in its history, buying New Hampshire-based EqualLogic Inc. for $1.4 billion.
Dell, whicy is scheduled to report its first-quartedr earnings on Thursday, has nearlhy $9 billion in cash to complete such Earlierthis month, the New York Times reported that Dell was interviewinyg investment banking and technologt industry executives to serve in an M&wA position that would report to CFO Briahn Gladden. During its last fiscal year, Dell reported $2.477 billion in net income on $61.1 billion in revenue.