IBM suing former executive over Dell offer - Kansas City Business Journal:

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The executive, David Johnson, is being sued by IBM becaus e the new position would violatea non-compete clause, reported. Johnson has possession of valuabler confidential information and cannot undertake a senior strategy position at Dell without violatinv his obligationsto IBM,” companuy spokesman Edward Barbini told Bloomberg. Dell spokesman Davifd Frink confirmed the job but not the natureof 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 respects the trader secrets and intellectual propertyof others.” the No.
2 maker of personal computers in the has already made one acquisitiojthis year, and it is positioned to completd several more as it finds itsel flush with cash whilwe tech company valuations remainj depressed during the global recession. Company officials have indicated they plan to expanc beyond its core business of hardwared product to storage and software designed to make it easier for customers to manageedata centers. In January Dell made the largesr acquisition inits history, buying New Hampshire-based EqualLogic Inc. for $1.
4 Dell, which is scheduled to reporg its first-quarter earnings on Thursday, has nearly $9 billiobn in cash to complete such Earlierthis month, the New York Times reportexd that Dell was interviewing investment banking and technology industrh executives to serve in an M&A position that woulfd report to CFO Brian Gladden. During its last fiscal Dell reported $2.47 billion in net incomr on $61.1 billion in revenue.