Michael Dell takes long view with 'Dell 2.0'

July 18, 2017
Michael Dell, CEO of Dell Technologies, says going private has allowed him to take a longer-term focus to grow the company

His first company became the world's largest maker of personal computers. Now Michael Dell says he is building a broader technology firm with similar ambitions.

Dell Technologies is the result of the private buyout of the original Dell computer firm, bolstered by the massive $67 billion deal for computer storage firm EMC and other software and services acquisitions.

Interviewed at the Fortune Brainstorm Tech conference Monday in Aspen, Colorado, Dell said the private model allows his firm to take a longer-term focus to grow the .

"Right at the moment we went private, we started gaining (market) share," Dell said.

"We shifted our focus for more three-year, five-year, 10-year (plans), we invested heavily in R&D and innovations .. we stopped thinking about the short term as much."

Dell described the new firm—which some refer to as Dell 2.0—as "the essential infrastructure company" for information which can offer an array of business services and products.

The new Dell includes EMC, which was the world's largest storage firm, as well as cloud computing unit VMware and a stake in the software group Pivotal.

While Dell declined to name his main competitors, he said that "none of them have the unique set of capabilities or the breadth that we have now."

He noted that Dell Technologies can be a key player in a variety of sectors because of its strengths across the board—in data, software and hardware.

Asked about artificial intelligence competitors, Dell said, "When you have no data to put in AI, it doesn't do anything. Then you need the computing devices."

The new Dell won regulatory approval last year for the record buyout of EMC, accelerating its move into the cloud and mobile computing market.

In 1984, Michael Dell founded the personal computing maker, which struggled amid a shift into smartphones and tablets.

He won the backing in 2013 of private-equity firm Silver Lake Partners to buy out other shareholders to take the company private.

Explore further: Dell finalizes huge EMC deal to become tech titan

Related Stories

Dell finalizes huge EMC deal to become tech titan

September 7, 2016

US computer maker Dell said Wednesday it completed the acquisition of data storage firm EMC, creating the largest privately held technology group with a range of computing services.

Dell completes deal to go private

October 29, 2013

US computer giant Dell announced Tuesday it had completed the deal to go private in a $24.9 billion buyout led by company founder Michael Dell.

Icahn boosts offer for Dell

July 12, 2013

Corporate raider Carl Icahn and his allies boosted their offer for troubled US computer giant Dell, and repeated their call for shareholders to reject a $24.4 billion private equity buyout.

Dell buys cloud software firm Enstratius

May 6, 2013

Dell said Monday it had acquired cloud software firm Enstratius as part of the computer maker's efforts to diversify and reduce its dependence on the slow-growing PC segment.

Dell: Investors offer short by $3.9B

June 5, 2013

Dell says a buyout offer from shareholder Southeastern and billionaire investor Carl Icahn is about $3.9 billion short of the amount needed to pay shareholders as promised and operate the business.

Recommended for you

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.