Tech Tuesday: Dell deal in jeopardy



Posted on July 23, 2013 at 10:29 PM

Updated Wednesday, Jul 24 at 7:12 AM

AUSTIN -- The Dell deal may be over Wednesday or maybe not.

Shareholders are scheduled to vote on whether to sell the company back to founder Michael Dell and his partner Silver Lake Management LLC.  It is a vote that was initially postponed last week.

Tuesday there were rumblings the vote could be postponed again.

Michael Dell is in a battle with Dell shareholder Carl Icahn to buy the computer maker from investors.

Another Central Texas company has had a great week., which KVUE profiled in February, went public last week.

The online coupon website and mobile app offered 9 million shares of stock at $21 each last Friday. The price increased more than 30 percent that day and have continued to climb, closing at $27.93 Tuesday. Also, one investor, Austin Ventures, made a reported $37 million on the deal.

High tech and science are combining to protect us from a pest we deal with a lot here in Central Texas. The product is called Kite.

It is a square patch that you stick on your clothing to make you practically invisible to mosquitoes.  According to the company, the patch uses non-toxic compounds to block a mosquito's ability to find people through carbon dioxide.

The Bill and Melinda Gates Foundation and the National Institutes of Health are behind the product but the company has been raising money on Indiegogo to send as many patches as possible to malaria stricken Uganda.

The Kite patch is awaiting regulatory approval but is expected to be distributed worldwide in 14 months.

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