Dell Inc.
Quick Facts
Dell Inc. is an American privately owned multinational computer technology company based in Round Rock, Texas, United States, that develops, sells, repairs, and supports computers and related products and services. Eponymously named after its founder, Michael Dell, the company is one of the largest technological corporations in the world, employing more than 103,300 people worldwide.
Dell sells personal computers (PCs), servers, data storage devices, network switches, software, computer peripherals, HDTVs, cameras, printers, MP3 players, and electronics built by other manufacturers. The company is well known for its innovations in supply chain management and electronic commerce, particularly its direct-sales model and its "build-to-order" or "configure to order" approach to manufacturing—delivering individual PCs configured to customer specifications. Dell was a pure hardware vendor for much of its existence, but with the acquisition in 2009 of Perot Systems, Dell entered the market for IT services. The company has since made additional acquisitions in storage and networking systems, with the aim of expanding their portfolio from offering computers only to delivering complete solutions for enterprise customers.
History
Dell traces its origins to 1984,
when Michael Dell created Dell Computer Corporation, which at the time did
business as PC's Limited, while a student of the University of Texas at
Austin. The dorm-room headquartered company sold IBM PC-compatible computers
built from stock components. Dell dropped out of school to focus full-time on
his fledgling business, after getting $1,000 in expansion-capital from his
family. In 1985, the company produced the first computer of its own design, the
Turbo PC, which sold for $795. PC's
Limited advertised its systems in national computer magazines for sale directly
to consumers and custom assembled each ordered unit according to a selection of
options. The company grossed more than $73 million in its first year of
operation.
Dell Inc.('s) first logo |
The company dropped the PC’s
Limited name in 1987 to become Dell Computer Corporation and began expanding
globally. In June 1988, Dell's market capitalization grew by $30 million
to $80 million from its June 22 initial public offering of
3.5 million shares at $8.50 a share. In 1992, Fortune magazine included Dell Computer Corporation in its list of the world's 500 largest companies, making Michael Dell the youngest CEO of a Fortune 500 company ever.
2013 Buyout
After several
weeks of rumors, which started around January 11, 2013, Dell announced on
February 5, 2013 that it had struck a $24.4 billion leveraged buyout deal, that
would have delisted its shares from the NASDAQ and Hong Kong Stock Exchange and
taken it private. Reuters reported that Michael Dell and Silver Lake Partners,
aided by a $2 billion loan from Microsoft, would acquire the public shares at
$13.65 apiece. The $24.4 billion buyout was projected to be the largest
leveraged buyout backed by private equity since the 2007 financial crisis. It
is also the largest technology buyout ever, surpassing the 2006 buyout of Freescale
Semiconductor for $17.5 billion.
Dell Facilities
Dell's headquarters is located in Round Rock, Texas. As of 2013 the company employed about 14,000 people in central Texas and was the region's largest private employer, which has 2,100,000 square feet (200,000 m2) of space. As of 1999 almost half of the general fund of the city of Round Rock originated from sales taxes generated from the Dell headquarters.
Dell previously had its headquarters in the Arboretum complex in northern Austin, Texas. In 1989 Dell occupied 127,000 square feet (11,800 m2) in the Arboretum complex. In 1990, Dell had 1,200 employees in its headquarters. In 1993, Dell submitted a document to Round Rock officials, titled "Dell Computer Corporate Headquarters, Round Rock, Texas, May 1993 Schematic Design." Despite the filing, during that year the company said that it was not going to move its headquarters. In 1994, Dell announced that it was moving most of its employees out of the Arboretum, but that it was going to continue to occupy the top floor of the Arboretum and that the company's official headquarters address would continue to be the Arboretum. The top floor continued to hold Dell's board room, demonstration center, and visitor meeting room. Less than one month prior to August 29, 1994, Dell moved 1,100 customer support and telephone sales employees to Round Rock. Dell's lease in the Arboretum had been scheduled to expire in 1994.
Dell facilities in the United States are located in Austin, Texas; Plano, Texas; Nashua, New Hampshire; Nashville, Tennessee; Oklahoma City, Oklahoma; Peoria, Illinois; Hillsboro, Oregon (Portland area); Winston-Salem, North Carolina; Eden Prairie, Minnesota (Dell Compellent); Bowling Green, Kentucky; Lincoln, Nebraska; and Miami, Florida. Facilities located abroad include Penang, Malaysia; Xiamen, China; Bracknrell, UK; Manila, Philippines Chennai, India; Hyderabad, India; Noida, India; Hortolandia and Porto Alegre, Brazil; Bratislava, Slovakia; Łódź, Poland; Panama City, Panama; Dublin and Limerick, Ireland; and Casablanca, Morocco.
If Any Suggestions Please Comment
Comments
Post a Comment