The challenge with this statement is that Dell is privately owned, so &quot;private equity&quot; as opposed to &quot;public equity&quot;...harder to be overvalued.<p>If what you say is consistent, then EMC&#x2F;VMware is overvalued in the M&amp;A activity here (and honestly it might be).<p>The best correction I can make is that &quot;leveraged private equity is aquiring inflated public assets&quot;