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 position would violatea non-compete clause, reported. Johnson has possession of valuable confidential information and canno t undertake a senior strategy positiomn at Dell without violatingy his obligationsto IBM,” company spokesman Edward Barbini told Dell spokesman David Frink confirmed the job offer, but not the naturse of Johnson’s proposed positiomn at Round Rock-based Dell. “Yes, we have offerex a position to Mr. but the characterizations of his roleare speculative,” Frin said. “Without exception, Dell respects the trades secrets and intellectual propertyof others.” the No.
2 maker of personak computers inthe world, has already made one acquisition this and it is positioned to complete severao more as it finds itself flush with cash whilde tech company valuations remain depressef during the global recession. Company officials have indicated they plan to expanc beyond its core business of hardware product to storagd and software designed to make it easierr for customers to manage data InJanuary 2008, Dell made the largesg acquisition in its history, buyinbg New Hampshire-based EqualLogic Inc. for $1.4 billion.
Dell, which is schedulexd to reportits first-quarter earnings on Thursday, has nearlu $9 billion in cash to complete such Earlier this month, the New York Times reported that Dell was interviewingg investment banking and technology industrgy executives to serve in an M&A position that would report to CFO Brian Gladden. Duringy its last fiscal year, Dell reportedf $2.47 billion in net income on $61.1 billiom in revenue.