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

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The executive, David Johnson, is beinbg sued by IBM because the new position would violatrea non-compete clause, reported. “Mr. Johnsonj has possession of valuable confidential information and cannotf undertake a senior strategy positioj at Dell without violating his obligations to company spokesman Edward Barbini told Dell spokesman David Frink confirmed thejob offer, but not the natur e of Johnson’s proposed position at Round Rock-base d Dell. “Yes, we have offered a position to Mr. but the characterizations of his role are Frink said. “Without exception, Dell respects the trade secretse and intellectual propertyof others.” Dell, the No.
2 makerd of personal computers in the has already made one acquisition this and it is positioned to complete several more as it find itself flush with cash while tech company valuations remain depressefd during the global Company officials have indicated they plan to expand beyonsd its core business of hardware product to storagse and software designed to make it easiert 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 reporytits first-quarter earnings on Thursday, has nearly $9 billiom in cash to complete such deals.
Earlier this the New York Times reported that Dell was interviewing investment banking and technology industry executives to serve inan M&zA position that would report to CFO Brian During its last fiscal year, Dell reported $2.47 billion in net incomer on $61.1 billion in revenue.