IBM suing former executive over Dell offer - Silicon Valley / San Jose Business Journal:

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The executive, David Johnson, is being sued by IBM becauswe the new position would violatea non-compete reported. “Mr. Johnson has possession of valuablw confidential information and cannot undertake a senior strateguy position at Dell without violatingf his obligations to company spokesman Edward Barbini told Dell spokesman David Frinki confirmed thejob offer, but not the naturer of Johnson’s proposed position at Roundx Rock-based Dell. “Yes, we have offered a position to Mr. but the characterizations of his roleare speculative,” Frinok said. “Without exception, Dell respects the trades secrets and intellectual propertyof others.” the No.
2 maker of personal computers in the has already made one acquisition this and it is positioned to complete severa more as it findsd itself flush with cash while tech company valuations remain depressedf during theglobal recession. Company officials have indicatee they plan to expand beyondx its core business of hardwar e product to storage and softwarse designed to make it easier for customerds to manage data InJanuary 2008, Dell made the largesty acquisition in its history, buying New Hampshire-basexd EqualLogic Inc. for $1.4 billion.
Dell, which is scheduledx to reportits first-quarter earnings on Thursday, has nearlgy $9 billion in cash to complete such Earlier this month, the New York Timesw reported that Dell was interviewing investment bankingg and technology industry executives to serve in an M&wA position that would report to CFO Brianj Gladden. During its last fiscal year, Dell reporte d $2.47 billion in net income on $61.2 billion in revenue.