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A Year on, Michael Dell Is Having A Blast Since Taking Company Private

Michael Dell / Getty

 

It was this time last year that Dell founder and CEO Michael Dell shocked many on Wall Street with the news that he was taking the iconic PC company private. The news came amid a faltering environment for PCs, and various punishing earnings reports. A year on, Dell wrote on LinkedIn, as reported by the Wall Street Journal, “We’re investing in our strategy, revving up our innovation and having a blast.”

Dell took his company private for $24.9 billion and believed that as a private company focused mainly on customers rather than meeting targets of quarterly earnings reports, the company could invest sufficiently in innovation to stay relevant. However, when it comes to a cloud strategy, Dell is coming late to the game, with some major contenders. Meanwhile, PC and servers are still going strong for Dell, as it has sizeable market share.

David Chou, CIO of the University of Mississippi medical center said of Dell’s cloud and software strategy, “I feel they are doing the same thing as all of the other providers. Except they entered the market fairly late.” Gerry McCartney, CIO of Purdue University, expressed similar sentiments, “They’ve got to show they can handle a major transformation.”

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