No more smartphones: Dell to focus on enterprise following buyout
Monday, September 16, 2013/
Dell has revealed its future is in the enterprise market, rather than in as a smartphone or consumer device manufacturer.
Founder Michael Dell has revealed the company’s new direction in an interview with business news channel CNBC.
During the interview, Dell identified five key areas of focus for the company, including enterprise solutions, increased sales capacity, a emerging markets, clients for cloud computing services (both PCs and tablets), and customer service.
“It’s really about changing our focus from a quarterly focus to a longer term, five-year, 10-year focus, doubling down on the investments,” Dell said.
“Our main business is helping our customers secure and protect their data, and access it from any device they want to.”
Late last week, Michael Dell and private equity firm Silver Lake Partners won a key shareholder vote allowing them to take embattled tech giant Dell private.
In January, news first surfaced of the Microsoft-backed Silver Lake consortium bid, with the shareholders offered $US24.4 billion, or $US13.65 per share, in exchange for taking the company private.
However, a counter-offer from colourful investor Carl Icahn soon emerged, with Dell shareholders offered a leveraged recapitalisation plan.
The deal is expected to close before the end of the 2014 financial year.