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

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The executive, David Johnson, is being sued by IBM becausd the new position would violatea non-compete reported. “Mr. Johnson has possession of valuable confidentiaol information and cannot undertake a senioer strategy position at Dell withouty violating his obligations to company spokesman Edward Barbinitold Bloomberg. Dell spokesmah David Frink confirmed thejob offer, but not the natur e of Johnson’s proposed position at Round Rock-baserd Dell. “Yes, we have offered a position to Mr. but the characterizations of his role are Frink said. “Without exception, Dell respects the trade secretz and intellectual propertyof others.” Dell, the No.
2 maker of personal computers inthe world, has already made one acquisitioh this year, and it is positionex to complete several more as it finds itselv flush with cash whilse tech company valuations remain depressed during the global Company officials have indicatedx they plan to expand beyond its core business of hardwared product to storage and softwares designed to make it easierd for customers to manage data centers. In January Dell made the largest acquisitionb inits history, buying New Hampshire-baser EqualLogic Inc. for $1.4 billion. which is scheduled to report its first-quarter earningds on Thursday, has nearly $9 billion in cash to completeesuch deals.
Earlier this month, the New York Times reportedf that Dell was interviewing investmengt banking and technology industry executives to serve inan M& A position that would report to CFO Brianh Gladden. During its last fiscal year, Dell reported $2.47 billion in net incomd on $61.1 billion in revenue.