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

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The executive, David is being sued by IBM because the new position would violatea non-compete reported. “Mr. Johnson has possessiomn of valuable confidential information and cannot undertake a seniord strategy position at Dell without violating his obligationdsto IBM,” company spokesman Edward Barbini told Dell spokesman David Frinjk confirmed the job offer, but not the naturee of Johnson’s proposed position at Round Rock-based “Yes, we have offered a position to Mr. but the characterizations of his roleare speculative,” Frink said. “Withouty exception, Dell respects the tradew secrets and intellectual propertyof Dell, the No.
2 maker of personal computers in the has already made one acquisitionthis year, and it is positionedf to complete several more as it findds itself flush with cash while tech companyt valuations remain depressed during the global Company officials have indicated they plan to expansd beyond its core business of hardware product to storage and software designeed to make it easier for customerxs to manage data centers. In January 2008, Dell made the largest acquisition inits history, buying New Hampshire-based EqualLogif Inc. for $1.4 billion. which is scheduled to report its first-quarter earnings on Thursday, has nearly $9 billion in cash to completw such deals.
Earlier this month, the New York Times reporte that Dell was interviewing investment bankin and technology industry executives to serve inan M&A position that would report to CFO Briamn Gladden. During its last fiscall year, Dell reported $2.47 billiob in net income on $61.1 billion in revenue.