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HP says Dell has 'tough road ahead' and that buyout leaves customers 'at the curb'

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Dell officially went private today, and longtime industry rivals aren't wasting any time in sharing their thoughts on the matter. HP is first out of the gate and it's not mincing words in a statement that says Dell has a "very tough road ahead" following privatization. "The company faces an extended period of uncertainty and transition that will not be good for its customers." HP continues to paint a bleak picture by claiming that Dell's "ability to invest in new products and services will be extremely limited" in the coming months. Buyouts like these, says HP, "tend to leave existing customers and innovation at the curb." Of course, HP's words should be taken with a heavy dose of salt seeing as the company is unabashedly trying to scoop up clientele unsettled by Dell's change in course. HP has some major struggles of its own, with profitability in 2013 questionable and sagging Wall Street performance that follows an extended period of corporate turmoil.