TECHNOLOGY COMPANY
SEPTEMBER 17, 2022
A Remarkable Story Of Dell Company
The company is one of the world’s largest technology companies, with more than 145,000 employee and various technology products.
OVERVIEW
Dell, Inc., is a company based in Round Rock, Texas, United States, the company manufactures and markets computer hardware (mostly IBM clones). Part of its market is in personal computers, but Dell also sells servers, data storage devices, network switches, and computer clusters to enterprises.
The company is one of the world’s largest technology companies, employing more than 145,000 people in the US and worldwide (2018 Annual Report).
The company is renowned for innovations in supply chain management and e-commerce, particularly its direct sales model and “build-to-order” approach to manufacturing, delivering individual PCs configured to customer specifications.
COMPANY PERFORMANCE
Dell’s main competitors include Hewlett-Packard (HP), Hasee, Acer, Fujitsu, Toshiba, Gateway, Sony, Asus, Lenovo, IBM, MSI, Panasonic, Samsung and Apple. Dell and its subsidiary Alienware compete in an enthusiastic market against AVADirect, Falcon Northwest, VoodooPC (a subsidiary of HP), and other manufacturers.
As of 2015, Dell is the third largest PC vendor in the world after Lenovo and HP. Dell is the world’s largest shipper of PC monitors. Dell is the sixth largest company in Texas by total revenue, according to Fortune magazine.
Dell is the second largest non-oil company in Texas, after AT&T, and the largest in the Greater Austin area. Dell was a publicly traded company (NASDAQ code: DELL), as well as a component of the NASDAQ-100 and S&P 500, until it went private in a leveraged buyout that closed on October 30, 2013.
In 2015, Dell acquired corporate technology company EMC Corporation, after the completion of the purchase, Dell and EMC became a division of Dell Technologies.
HISTORY
Michael Dell, who was studying at the University of Texas, Austin, in 1984 founded a company PC’s Limited with an initial capital of $ 1000. The company, which was initially run from outside the campus area to be precise in a dorm room at the Dobie Center, had its initial goal of selling IBM-compatible computers assembled from supplied components.
Michael Dell conducts his business with the belief that selling computers directly to consumers can help PC’s Limited better understand consumer needs and be able to provide effective solutions to those needs.
In 1985, the company produced its first computer called the “Turbo PC”. The computer which is the result of its own design uses an Intel 8088-compatible processor and runs at a speed of 8 MHz and sold for $ 795.
The company dissolved PC’s Limited in 1987 to become Dell Computer Corporation and began expanding globally. In June 1988, Dell’s market capitalization grew from $30 million to $80 million from its June 22 initial public offering from 3.5 million shares to $8.50 per share.
In 1992, Fortune magazine included Dell Computer Corporation on its list of the world’s 500 largest companies, making Michael Dell the youngest CEO of a Fortune 500 company ever.
PROSPERITY ERA
From 1997 to 2004, Dell enjoyed steady growth and gained market share from competitors even during industry downturns. During the same period, competing PC vendors such as Compaq, Gateway, IBM, Packard Bell, and AST Research struggled and eventually either left the market or were bought out.
In 1999, Dell acquired Compaq and became the largest seller of Personal Computers in the United States with revenues of $25 Billion as of a January 2000 report. To complete expansion beyond computers, shareholders agreed to change the company name to “Dell Inc.” at the company’s annual meeting in 2003.
In 2003, the company changed its name to “Dell Inc.” to recognize the company’s expansion beyond computers.
In 2004, Michael Dell stepped down as CEO while retaining the Chairman position, passing the title of CEO to Kevin Rollins, who had been President and COO since 2001. Although no longer holding the title of CEO, Dell essentially served as de facto co-CEO with Rollins.
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