Dell and Compellent Announce Talks Regarding Possible Business Combination

ROUND ROCK, Texas & EDEN PRAIRIE, Minn.--()--Dell (NASDAQ: DELL) and Compellent Technologies, Inc. (NYSE: CML) today announced they are engaged in advanced discussions regarding a possible business combination involving the two companies.

Dell and Compellent have entered into an exclusive agreement to negotiate a merger agreement in which Dell would acquire all of the outstanding common stock of Compellent at a price of $27.50 per share in cash.

There can be no assurances that an agreement will be reached or that a transaction will be consummated. Dell and Compellent do not intend to comment further until an agreement is reached or discussions are terminated.

About Dell

Dell Inc. (NASDAQ: DELL) listens to customers and delivers worldwide innovative technology, business solutions and services they trust and value. For more information, visit www.dell.com.

About Compellent

Compellent Technologies (NYSE: CML) provides Fluid Data storage solutions that automate the movement and management of data at a granular level, enabling organisations to constantly adapt to change, slash costs and secure information against downtime and disaster. This patented, built-in storage intelligence delivers significant efficiency, scalability and flexibility. With an all-channel sales network in 35 countries, Compellent is one of the fastest growing enterprise storage companies in the world. For more information and news, visit www.compellent.com and www.compellent.com/news.

Cautionary Statement Regarding Forward-Looking Statements

Statements in this press release that relate to future results and events are forward-looking statements made within the meaning of Section 21E of the Securities Exchange Act of 1934 based on Dell and Compellent’s current expectations regarding a possible combination. Actual results and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of a number of risks, uncertainties and other factors. There can be no assurances that an agreement will be reached or that a transaction will be consummated. Other risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that the transaction may not be timely completed, if at all; that, prior to the completion of the transaction, if at all, Compellent’s business may experience significant disruptions due to transaction-related uncertainty or other factors; and other risks that are described in Dell’s Annual Report on Form 10-K for the fiscal year ended January 29, 2010 and in its subsequently filed SEC reports and Compellent’s Annual Report on Form 10-K for the year ended December 31, 2009 and in its most recent quarterly report filed with the SEC, respectively. Neither Dell nor Compellent undertakes any obligation to update these forward-looking statements except to the extent otherwise required by law.

Contacts

Media Contacts:
Dell Inc.
David Frink, 512-728-2678
david_frink@dell.com
or
Dell Inc.
Jess Blackburn, 512-728-8295
jess_blackburn@dell.com
or
Compellent Technologies
Liem Nguyen, 952-294-2851
lnguyen@compellent.com
or
Investor Relations Contacts:
Dell Inc.
Robert Williams, 512-728-7570
robert_williams@dell.com
or
Dell Inc.
Shep Dunlap, 512-723-0341
shep_dunlap@dell.com
or
Compellent Technologies
Jack Judd, 952-294-3300

Sharing

Contacts

Media Contacts:
Dell Inc.
David Frink, 512-728-2678
david_frink@dell.com
or
Dell Inc.
Jess Blackburn, 512-728-8295
jess_blackburn@dell.com
or
Compellent Technologies
Liem Nguyen, 952-294-2851
lnguyen@compellent.com
or
Investor Relations Contacts:
Dell Inc.
Robert Williams, 512-728-7570
robert_williams@dell.com
or
Dell Inc.
Shep Dunlap, 512-723-0341
shep_dunlap@dell.com
or
Compellent Technologies
Jack Judd, 952-294-3300