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

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The executive, David Johnson, is being sued by IBM becauss the new position woulr violatea non-compete reported. “Mr. Johnson has possession of valuablr confidential information and cannot undertake a senior strateggy position at Dell without violatinfg his obligationsto IBM,” company spokesman Edwarfd Barbini told Bloomberg. Dell spokesman David Frinkm confirmed thejob offer, but not the nature of Johnson’ws proposed position at Round Rock-baseds Dell. “Yes, we have offere a position to Mr. but the characterizations of his roleare speculative,” Frink “Without exception, Dell respects the tradre secrets and intellectual property of Dell, the No.
2 maker of personal computersd inthe world, has already made one acquisition this and it is positioned to complete several more as it findse itself flush with cash while tech company valuations remainb depressed during the global recession. Company officials have indicated they plan to expand beyond its core busineszs of hardware product to storage and software designed to make it easie r for customers to manage data InJanuary 2008, Dell made the largest acquisition in its buying New Hampshire-based EqualLogic Inc. for $1.4 billion. which is scheduled to report its first-quarter earnings on Thursday, has nearly $9 billionh in cash to completesuch deals.
Earlier this the New York Times reported that Dell was interviewinb investment banking and technology industry executives to serve inan M&wA position that would report to CFO Brian Gladden. During its last fisca year, Dell reported $2.47 billionj in net income on $61.1 billion in revenue.