Founder hopes to turn lights back on for PCs

Michael Dell, the founder of Dell, this week took the company private after seeing its share price plummet in recent years. Ireland, where the company employs about 2,000 people, will be watching on, hoping Dell’s fortunes can be revived, writes Kyran Fitzgerald

Things are definitely stirring across the pond. The avalanche of cheap money is revving up the US economy. Construction activity has rebounded, with housing starts double that of 2009, at the very bottom of the cycle. The corporate bond market is flying, raising fears of another bubble.

This, it seems, is a good time to raise funds if you are an established corporate player keen to embark on a major financial restructuring, and there are few more established players than Michael Dell, founder of Dell Corporation, the US PC manufacturer which employs more than 2,000 people in Ireland.