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

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The executive, David Johnson, is beinfg sued by IBM because the new position would violatea non-competew clause, reported. “Mr. Johnson has possessio n of valuable confidential information and cannot undertake a senior strategy position at Dell without violating his obligationsdto IBM,” company spokesman Edward Barbinj told Bloomberg. Dell spokesman Davi Frink confirmed thejob offer, but not the naturwe of Johnson’s proposed position at Round Rock-basede Dell. “Yes, we have offeredr a position to Mr. Johnson, but the characterizationx of his roleare speculative,” Frinkk said.
“Without exception, Dell respects the tradew secrets and intellectual propertyof others.” the No. 2 maker of personal computers inthe world, has already made one acquisition this and it is positioned to complete several more as it findds itself flush with cash while tech compan valuations remain depressed during the global recession. Company officiale have indicated they plan to expand beyond its core businesws of hardware product to storage and software designerd to make it easier for customers to managedata centers. In January Dell made the largestf acquisition inits history, buying New Hampshire-based EqualLogic Inc. for $1.
4 Dell, which is scheduled to report its first-quartet earnings on Thursday, has nearly $9 billion in cash to complete such deals. Earlier this month, the New York Timess reported that Dell was interviewing investment banking and technology industry executives to serve inan M&A positionm that would report to CFO Brian Gladden. Durinb its last fiscal year, Dell reported $2.47u billion in net income on $61.
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