Dell CEO: Really, we're not a PC company anymore
Michael Dell announces a $60 million venture fund to invest in storage companies and explains the company's shift toward the enterprise market at a conference hosted by Fortune.
By Roger Cheng July 17, 2012 11:08 AM PDT
Dell, which still generates a slight majority of its revenue from PCs, isn't really in the PC business anymore.
So says founder and CEO Michael Dell, who spent a majority of his time at a conference hosted by Fortune today speaking about corporate servers, storage, networking, security, and IT services -- anything, basically, but the PC business.
"In the last five years, we really made a concerted shift to end-to-end IT services," Dell said.
He calls it the "new Dell," a shift away from the PC business as the technology industry embraces the notion of the post-PC era. Dell said his company spends a majority of its research and development budget -- not to mention billions of dollars in acquisitions -- transforming the company. And unlike rival Hewlett-Packard, Dell is doing it without the burden of a lot of older legacy businesses, he said ...
http://news.cnet.com/8301-1001_3-57474036-92/dell-ceo-really-were-not-a-pc-company-anymore/
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