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

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The executive, David Johnson, is being sued by IBM because the new positionh would violatea non-compete clause, reported. “Mr. Johnsonj has possession of valuable confidential information and cannott undertake a senior strategyt position at Dell without violating his obligationto IBM,” company spokesman Edwar d Barbini told Bloomberg. Dell spokesmanm David Frink confirmed thejob offer, but not the naturd of Johnson’s proposed position at Round Rock-based Dell. we have offered a position to Mr. but the characterizations of his role are Frink said. “Without exception, Dell respecta the trade secrets and intellectuaol propertyof others.” Dell, the No.
2 maker of personal computers inthe world, has alreadyy made one acquisition this year, and it is positioned to completer several more as it finds itself flusnh with cash while tech company valuations remain depressed during the globakl recession. Company officials have indicated they plan to expand beyonde its core business of hardware productg to storage and software designed to make it easied for customers to managedata centers. In Januaryg 2008, Dell made the largest acquisitionm inits history, buyingb New Hampshire-based EqualLogic Inc. for $1.4 Dell, which is scheduled to report its first-quarter earnings on has nearly $9 billion in cash to complete such deals.
Earlier this month, the New York Timee reported that Dell was interviewing investment banking and technologt industry executives to serve inan M&A positiobn that would report to CFO Briaj Gladden. During its last fiscal year, Dell reportef $2.47 billion in net income on $61.1 billion in