Dell CEO : “Dell Not Getting In The Mobile Phone Business”
Founder and chief executive Michael Dell said a day after Dell Inc. shareholders approved his $25 billion buyout bid that taking the company private will help give it “long-term focus.”
Emphasizing the company’s main business was its enterprise business, Mr. Dell said the company was focused on “powering those clouds that are being fueled by this enormous explosion of mobile devices.”
Dell will participate in tablets and other client devices, he said, but “won’t be getting into the mobile phone business.”
Asked if layoffs were in the offing, CFO Brian Gladden said there would be a company “re-alignment,” without elaborating.
Dell, who founded the company from a college dorm-room in 1984, and partner Silver Lake fought for months to convince skeptical investors his offer was the best option. This week, he gained the upper hand after one of his staunchest opponents, activist investor Carl Icahn, bowed out of the conflict because he said it was “impossible to win.
As The Verge reports, the CEO pledged his company will continue its aggressive push into enterprise services, but also promised new products designed for regular consumers. “Dell will participate in tablets and all sorts of client devices,” he said. “This is the Dell that many of you are very, very familiar with, and you’re going to see it in all its glory.”