With the start of Dell World 2014, theCUBE hosts Dave Vellante and Stu Miniman discuss where Dell Inc. have come from and what they have achieved since becoming a private company.
Since 2008, Dell’s been transforming their company, including setting out on a $13 billion buying spree. Their purchases include Perot Systems for $4 billion, as well as companies like Compellent in order to compete in the storage business. Since 2008 Dell have also been acquiring assets in networking, transforming beyond the PC market with over $20 billion in investments. The problem with their transformation, however, was that it wasn’t happening fast enough.
It has been just over a year since Dell became a private company in October 2013. In the last quarter, Dell’s PC revenue has grown 19 percent, while the rest of the industry is growing at 0.2 percent.
The privatization of Dell allows them to reinvent themselves and move a lot faster. They are now able to capture the trends in Cloud, mobile, Big Data and social. Previously, they had to go up through the chain and answer to Wall Street, whereas now Dell are able to “listen to customers and act fast,” the co-hosts said.
Dell’s new speed showed through at the recently concluded Dell World, as the company unveiled several product launches and updates including the Dell Cloud Marketplace, a hyper converge solution and Big Data software offerings.
Prior to going private, Dell was a business approaching $30 billion in annual costs, which included an Enterprise solutions business running at about $12 – 15 billion a year; a Services business which was about $10 billion a year, what they called a Cloud business at $2 – 3 billion a year and a software business at $1 billion.
The biggest question for Dell now is whether they can still execute an MMA strategy as effectively as a private company as they could as a public company.
See the entire Dell World 2014 Intro below.
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Intro - Dell World 2014 - theCUBE
With the start of Dell World 2014, theCUBE hosts Dave Vellante and Stu Miniman discuss where Dell Inc. have come from and what they have achieved since becoming a private company.
Since 2008, Dell’s been transforming their company, including setting out on a $13 billion buying spree. Their purchases include Perot Systems for $4 billion, as well as companies like Compellent in order to compete in the storage business. Since 2008 Dell have also been acquiring assets in networking, transforming beyond the PC market with over $20 billion in investments. The problem with their transformation, however, was that it wasn’t happening fast enough.
It has been just over a year since Dell became a private company in October 2013. In the last quarter, Dell’s PC revenue has grown 19 percent, while the rest of the industry is growing at 0.2 percent.
The privatization of Dell allows them to reinvent themselves and move a lot faster. They are now able to capture the trends in Cloud, mobile, Big Data and social. Previously, they had to go up through the chain and answer to Wall Street, whereas now Dell are able to “listen to customers and act fast,” the co-hosts said.
Dell’s new speed showed through at the recently concluded Dell World, as the company unveiled several product launches and updates including the Dell Cloud Marketplace, a hyper converge solution and Big Data software offerings.
Prior to going private, Dell was a business approaching $30 billion in annual costs, which included an Enterprise solutions business running at about $12 – 15 billion a year; a Services business which was about $10 billion a year, what they called a Cloud business at $2 – 3 billion a year and a software business at $1 billion.
The biggest question for Dell now is whether they can still execute an MMA strategy as effectively as a private company as they could as a public company.
See the entire Dell World 2014 Intro below.
