NEW YORK – Dell Inc. will spend $3.9 billion for the technology services company Perot Systems Corp. in an attempt to expand beyond the PC business and compete more aggressively with Hewlett-Packard Co. – which recently bought another tech-services company founded by H. Ross Perot.
Dell said Monday it will offer $30 per share in cash for Perot Systems – a 68 percent premium over its closing price Friday. Perot Systems’ shares rose $11.64, or 65 percent, to $29.55 in afternoon trading.
Former presidential candidate H. Ross Perot Sr., now 79, serves as chairman emeritus of Perot Systems, which he founded in 1988.
Conference Board’s index still rising
NEW YORK – A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference Board’s leading indicators point to an economy on solid ground early next year, though some analysts caution that a rising unemployment rate will restrain growth.
The Conference Board said Monday its index of leading indicators rose 0.6 percent in August. The indicators are designed to project economic activity in the next three to six months. The August results support many analysts’ projections that the economy started growing again in the current July-September quarter and will continue to gain in the fourth quarter.
Facebook dropping Beacon tracker
NEW YORK – Facebook is closing an uncomfortable chapter in its five-year history.
The social network says it will shut down Beacon, a program that tracks users’ activities on other Web sites. When it launched in 2007, Beacon was immediately attacked by users as a privacy violation.
It tracked purchases Facebook users made on other sites and sent alerts about them to their Facebook friends. Beacon never really caught on, and Facebook agreed to end it as part of a class-action lawsuit settlement.
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