Michael Dell, billionaire founder of Dell Inc, said that he would oppose leverage recapitalization of the firm. He also urges stakeholders to vote in favor of his buyout. This was announced ahead of the shareholder's meeting to occur next month.

On Friday, Dell argued his case through a presentation filed with the Securities and Exchange Commission (SEC). He said that keeping any part of the company public while on the process of transformation would hurt the stock price of Dell Inc. He added that it would turn as a threat to customer perception and make it even difficult to keep workers.

Dell reiterated that in the even his buyout proposal fails to urge shareholders, he will still remain with the company but will oppose the kind of imprudent leveraged recapitalization from other parties.

On the other hand, activist shareholder Carl Icahn said Dell's offer undervalues the company. On Tuesday, he promised shareholders that the company would buy back up to US$16 billion. This would materialize if they join his campaign to stop Dell Inc.'s privatization..