Silver Lake Partners V DE (AIV), L.P. (Durban Egon) sold $7.6M of DELL (indirect holdings)

Dell Technologies launched its first XPS Googlebook, a premium AI-powered laptop starting at $999. Shares fell 2.3% to $536.98 on Thursday. The stock trades 132.06% above its GF Value of $231.40, with no disclosed shipment targets or market-share ambitions.

UBS revised its 2027 PC sales forecast from growth to decline due to memory cost inflation, causing Dell (DELL) to fall 4.56% and HP (HPQ) to drop 2.78%. HP's PC division generates 75% of its revenue, while Dell has a $95 billion AI server backlog and $192 billion annual guidance. Both companies have seen significant year-to-date gains, with Dell up 340.11% and HP up 49.29%.

Morgan Stanley reports enterprise hardware spending surged in Q2, with traditional server revenue up 87% YoY, storage up 34%, and PCs up 14%. Despite strong growth, valuations declined for most stocks. MS favors P and SNX, maintains Neutral on Dell, and Underweight on HPQ. Dell showed strong execution but faces valuation concerns, while HPQ struggles with PC demand and margin pressures.

Silver Lake plans to sell 1.1 million shares of Dell Technologies' Class C Common Stock in multiple transactions between June and September 2026, totaling approximately $57.6 million in gross proceeds.

Silver Lake Partners IV, L.P. sold 50,688 indirectly-held shares of Dell Technologies Inc. (DELL) at an average of $585.91 ($577.60–$591.24, $29.70M total) across 15 trades on 2026-09-17. Filed jointly with Silver Lake Technology Associates IV, L.P. (Director), SLTA IV (GP), L.L.C. (Director), Silver Lake Group, L.L.C. (Director) and Durban Egon (Director).

SL SPV-2, L.P. sold 46,253 indirectly-held shares of Dell Technologies Inc. (DELL) at an average of $585.91 ($577.60–$591.24, $27.10M total) across 15 trades on 2026-09-17. Filed jointly with SLTA SPV-2, L.P. (Director), SLTA SPV-2 (GP), L.L.C. (Director), Silver Lake Group, L.L.C. (Director) and Durban Egon (Director).