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Dell traced its origins, when Michael Dell created PCs limited. While he was a student at University of Texas at Austin. The Headquaters where in his dormroom.
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The Company created its first computer design. The Turbo Computer . Which was sold for $795
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Dell change their name in the year 1988. It became Dell Computer Company.
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Dells market capitalization grew from $30 million to $80 million. Froms it June 22 initial public share of 3.5 million shares at $8.50 a share
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In 1992 Fortune magazine included Dell Company Corporation in its list of the world 500 largest companies. Making Michael Dell the youngest CEO of a fortune 500 company ever.
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Dell had big plans to sell to PCs at big-box retail outlets like walmart. It would have brought the company to a record $125 million in annual revenue. However bain consultant Kevin Rollins Persuaded Michael to pull out the deals which lost him money.
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Dell started to sell there PCs through their Website. Also in 2002.
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Dell had a steady growth from 1997-2004. Competing against other Competitors.
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Dell supassed Compaq to become the largest PCs manufacture.
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Dell expected to expand their production line. They wanted to include television, handhelds, digital audio players, and printers.
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When Compaq emerged with Hewlett Packard 4th place PC maker. Hewlett Packard got the top spot but struggled to keep it.
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Dell decided to rename in 2003. To the simple Dell Inc.
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Michael resigned as CEO and become Chairman. Michael handed the CEO place to Kevin Rollins.
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The earning and sales continued to rise. Sales growth slowed considerably. The Company stock lost 25% of its Value that year.
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The Stock was trading around $25 which was 40% down from July 2005
