Michael Dell Looks Beyond PC Business
Michael Dell doesn’t want to talk about personal computers anymore. As Dell Inc.’s chief executive works to turn around the once high-flying PC maker, he has bet on diversifying away from the company’s best-known product.
The 46-year-old has been acquiring high-end technologies—such as storage and security systems—that Dell can sell to businesses to lessen its reliance on selling low-margin desktop and laptop computers.
Dell bought services provider Perot Systems Corp. for $3.9 billion in 2009. Last year, it lost a high-profile bidding war for 3PAR to rival Hewlett-Packard Co. but later scooped up another data-storage company, Compellent Technologies Inc., for $960 million.