“Dell” a very Genuine & trustworthy brand in the family of computer companies. Story Of foundation of dell company started in 1984 by the father of Dell, Michael Dell, when he was just 19 years old. Salute to his courage, power of self 7 yes definitely the self confident that he started running forward to the winning race of Business & entrepreneur.
Michael’s vision about the technology was always like, how this should be designed, manufactured and sold forever changed the IT industry .
Early Life & Family :
Michael Dell, a renowned entrepreneur, author and the founder as well as the chief executive officer of Dell Inc. was born on 23rd February 1965 in Houston, Texas. His father Mr Alexander Dell, an orthodontist & his mother Mrs Lorraine Charlotte who was a stockbroker or a money manager. he has a brother named Adam Dell who is Venture Partner at Austin Ventures. Dell married Susan Lieberman on October 28, 1989 & he has 4 children named Kira Dell, Juliette Dell, Alexa Dell, Zachary Dell.
Dell was Inspired With His Parents & their lifestyle. he was very interested to learn about how to make more money in very short time. He craved about Stock market & Investments.
Michael dell received his primary education from Herod Elementary School in Houston. He was a bright young boy who learned several aspects of financial affairs from his stockbroker mother and developed an early interest in business.
When he was at the age of 8,Michael makes a serious attempt to earn his high school diploma more quickly by passing a test and invites a person from a testing company. He loved earning money and took up a variety of odd jobs as a teenager. He also sold his stamp collection for $2000 which was a huge sum for a young boy. Michael gets a bunch of people in the neighbourhood to consign their stamps to him, advertises as “Dell’s Stamps”.
When he Turned to next stages of his life he was very curious about the computer & the New invented technology. At the age of 14 he received his first computer Apple II,& He disassembled it to study the components and see how it worked.
While studying at Memorial High School in Houston, he started selling subscriptions to the ‘Houston Post’ in the summer holidays as a marketing executive. He worked in a profession where he did cold calls (a list of numbers given to him) & learned marketing techniques that it is possible to convert prospects of newly married couples & new comers. Dell managed to earn $18,000 By this work.
University Of Texas, in 1984; Michael, a freshman student at the University of Texas in Austin, applies for a vendor’s license and starts selling high-performance computers upgraded by him. He declares he ultimately wants to compete with IBM and registers the company “PC’s Limited” with $1000 (His Pocket Money). After Watching the Passion & Interest of Dell in that particular business, his family supported him by investing a amount of $3,00,000 for his pre started company.
Starting Of Dell Inc. :
Michael incorporates “Dell Computer Corporation” with initial start-up investment of $1,000. He Served Very Satisfied Services to his very initial customers at the time of his university studies. but than he took a decision to leave the university & Michael wanted to sell computers at affordable rates and break the monopoly that IBM was exercising over the market.
at Very Early Stage of Computer Work, He started of by buying computer parts in wholesale, assembling them and selling them via mail order. He forgot himself in this profession. he always tried to look after the next new technologies of the time.
In 1984, He Finally Started Selling computer & pc-kits. The whole process that Michael used decreased the costs effectively and very soon he was earning $80,000 monthly from his computer sales business. than He Registered his company name “DELL”, that provide computers at the lowest price possible.
Growth Of DELL :
After he Started Dell as a full time career job at the age of 19, his company earned of $6 million which jumped to $40 million in the very next year. In the Next Year 1987 their sales had reached $160 million which helped Dells Stock career with 4 millions shares sells with the rate of $9 dollar each. Company generated its very best economy & growth under his supervision.
In 1988, generate sales of over $4 million in just a single month. Company opened its first international office in London. Than in the Very Next year 1989, Company Shows Sales In the Market Of U.S.A. & U.K. Worth of $300 million. Dell began growing worldwide with manufacturing facilities in Italy, France and Ireland. In 1990, sales had reached $550 million with Dell also selling client/server specific computing systems & became the 6th largest Computer system manufacturer in USA.
In 1992, at the age of 27 Michael turned to Austin, & became the youngest CEO ever to earn a ranking on the Fortune 500. than Next Dell introduced notebooks and began selling software, computer peripherals, compact disc etc. By 1993 Dell’s sales had touched $2 billion. In 1996, Dell started its online business for easiness of his customers. this step shows a drastic change in Dells company revenue that reached to the $950 million. In the year 2000, Dell’s total revenues stood at $25 billion.
Rollins became President and COO in 2001 also he became top seller in 2001. in 2003, the company changed its name from “Dell Computer Corporation to Dell Inc.” In 2004, Michael Dell resigned as CEO while retaining the position of Chairman, handing the CEO title to Kevin Rollins. On January 31, 2007, After 4 of 5 quarterly earnings reports were below expectations, Rollins resigned as President and CEO, receiving a $5 million severance package, and founder Michael Dell assumed the role of CEO again.
In 2001, Dell and EMC entered into a partnership whereby both companies jointly design products and Dell provided support for certain EMC products including midrange storage systems. The estimated $60 billion Dell-EMC merger, which was finalized in 2016, was the largest technology acquisition ever.
In 2012 the Company revenue Came across $60 billion & in 2015 it become $67 billion, in 2016 it became $74 billion.
As of now in 2017 the revenue of DELL Company is more than $75 billion with 1,40,000 Employees and the worth of Michael Dell is $25 billion.
Business Of Dell running along with Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream and VMware. Dell Technologies is an innovator and technology leader providing the essential infrastructure for organizations to build their digital future, transform IT and protect their most important information.
Michael Dell a “Philanthropist” :
In 1998, Michael formed MSD Capital, also in 1999, he and his wife established the Michael & Susan Dell Foundation to provide philanthropic support to a variety of global causes & they serve for the betterment of children and has already contributed over $530 million for developing urban communities in the world.
He has also donated $65 million to the Dell Paediatric Research Institute, the Michael & Susan Dell Centre for Advancement of Healthy Living, and the Dell Children’s Medical Centre. All three health organizations are associated with the University of Texas where he studied. Dell donated $1 billion to his foundation in May 2017.
Awards & Honors :
- In 1989, at the age of 24, Dell got the “Entrepreneur of the Year.
- Worth magazine honoured him with the “Top CEO in American Business” .
- In 2002, University of Limerick awarded Dell with an Honorary Doctorate in Economic Science.
- He is also the recipient of the 2013 Franklin Institute’s Bower Award for Business Leadership.
- ‘Financial World’ (1993), ‘Industry Week’ (1998), and ‘Chief Executive’ (2001) awarded him CEO of the year.
Products Of DELL :
- Server & Networking
- Deployment services
- Infrastructure consulting services
- Asset recovery & recycling services
- Training & Support Services
“Michael is an honorary member of the Foundation Board of the World Economic Forum and is an executive committee member of the International Business Council, He Also Served As A served as the United Nations Foundation’s first Global Advocate for Entrepreneurship.”