Dell is a US multinational computer technology firm that manufactures, sells, supports, and repairs personal computers, peripherals, servers, smartphones, televisions, and offers related services and products to its customers all across the world. Dell is regarded as the largest technology firms across the globe.
Inception
Dell was founded on February 1, 1984, by Michael Dell when he laid the foundation of “Dell Computer Corporation.” Dell company is named after his name. The headquarters of the company is established in Round Rock, Texas, United States. The Vice-Chairman in Products & Operations of the company is Jeff Clarke. The CCO of the company is Karen Quintos.
According to the yearly report, the company employs over 145,000 people in its office in America and all across the globe. Its subsidiary firms are Dell EMC, Alienware, SonicWall, Dell Corp ltd, and more.
Dell was established as a pure hardware vendor; however, with the acquisition of Perot Systems in 2009, it entered the huge market for IT services. Since then, the firm has made significant additional acquisitions in areas of networking, and storage systems with the purpose of expansion of their portfolio. Besides offering computers, the firm has expanded its services to deliver comprehensive solutions for enterprise-level customers.
Evolution
Michael Dell laid the foundation of the company when he was studying at the University of Texas, Austin. In 2015, the company acquired and brought the enterprise technology corporation “EMC.” Dell and EMC became a part of Dell Technologies.
In 1985, Dell produced the first PC of its design, “the Turbo PC,” that got sold for $795.
In 1986, a venture capitalist, Lee Walker, was appointed as president and COO to implement Dell’s ideas for the expansion of the company. In 1988, the company went public. In 1990, Walker took retirement, and he was replaced by Morton Meyerson, who has been former president and CEO of Electronic Data Systems. He was appointed to transform the firm from a rapidly expanding medium-sized company into a billion-dollar enterprise.
In 1987, the company expanded its operations globally under the business name “Dell Computer Corporation.” In June 1988, the market capitalization of Dell increased from $35 million to $75 million and introduced an initial public offering (IPO) of around 3.5 million shares priced at $8.50 per share.
In 1996, the company started selling computers via its website. In the mid-1990s, it expanded its services beyond desktop PC’s and laptops and started selling low-end servers.
In 2002, Dell extended its product range to include handhelds, televisions, printers, and digital audio players.
In 2003, Dell Computer Corporation company got rebranded as “Dell Inc.” to indicate the company’s growth beyond computers.
In 2004, Michael Dell from the position of CEO but continued to serve as Chairman. Kevin Rollins held the title of CEO of the company. He has been the COO and President since 2001.
Dell further acquired Alienware that is a leading manufacturer of specialized high-end computer systems targeted for the gaming market. On September 7, 2016, it completed its acquisition of EMC.
Awards & Achievements
In 1992, Fortune magazine included “Dell Computer Corporation” made a list of the top five hundred largest companies in the world. With this recognition, Michael Dell became the youngest CEO ever to have run a Fortune 500 company.
In 2015, Dell was ranked as the third-largest computer vendor throughout the globe after HP and Lenovo. Dell has become the largest global shipping agent of computer monitors. According to the study performed by Fortune magazine, Dell was regarded as the sixth-largest firm in Texas in terms of its total revenue. It became the second-largest non-oil firm in Texas, Austin. Dell became a publicly traded firm (NASDAQ: DELL) and a component of the S&P 500 and NASDAQ-100.
Dell was committed to lowering emissions of greenhouse gas from its worldwide activities by around 40% by 2015. Based on the climate, energy, sustainability, and how environment-friendly their products are, Greenpeace’s Guide to Greener Electronics listed the company as leading eco-friendly electronic manufacturers in the world.
Net Worth of Dell in 2024
Dell is a worldwide renowned brand that sells a wide range of electronic items that includes servers, network switches, personal computers, computer peripherals, data storage devices, High Definition Television, software, cameras, printers, MP3 players, and other types of electronics that are developed by other manufacturers. As of April 2024, The projected net worth of the company is $95 billion.
Dell was regarded as the third-largest vendor in the market. Their electronic products were extensively utilized across campuses, organizations, homes alike. Dell is also a publicly traded firm (NASDAQ: DELL) and a part of the S&P 500 and NASDAQ-100.
In the 1990s and 2000s, Dell has manufactured the most successful range of personal computers on the global market. From 1984 to date, the company acquired several leading technology companies such as EMC, Alienware, etc.
Dell is one of the leading technology companies in the world. It is popularly known for innovations made in electronic commerce, and supply chain management, specifically its direct-sales model and its “configure to order” model to manufacture, and deliver individual computer systems that are configured to meet diverse customer specifications.