Dell is one of the world's leading maker of personal computers and accessories. Dell sells and ships most products directly to customers and sells merchandise in selected stores. The company ships thousands of computer systems everyday to customers in 180 countries.
Most computers are built and shipped according to customer specifications. Dell is known for selling quality hardware at reasonable prices. Most of the company's sales are through corporations, government, education, hospitals and small businesses.
Founder and CEO Michael Dell partnered with private equity firm Silver Lake to acquire the company in February and take it private. Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at approximately $24.4 billion.
Michael Dell said in a statement: “I believe this transaction will open an exciting new chapter for Dell, our customers and team members. We can deliver immediate value to stockholders, while we continue the execution of our long-term strategy and focus on delivering best-in-class solutions to our customers as a private enterprise. Dell has made solid progress executing this strategy over the past four years, but we recognize that it will still take more time, investment and patience, and I believe our efforts will be better supported by partnering with Silver Lake in our shared vision. I am committed to this journey and I have put a substantial amount of my own capital at risk together with Silver Lake, a world-class investor with an outstanding reputation. We are committed to delivering an unmatched customer experience and excited to pursue the path ahead.”
In fiscal 2012, Dell reported revenues of $62.1 billion, a 1% increase from the previous year. Net income for the year was $3.95 billion.
Sales in personal computers have dropped over the past several years with the rise of tablet computers and smartphones.
Michael Dell founded his company in 1984 while a student at the University of Texas. He was fascinated with the inner-workings of computers and started a business where he could build his own computers and sell them directly to customers.
In 1985, Dell introduces the first computer system of its own design; the Turbo, featuring an Intel 8088 processor running at eight megahertz. In 1987, Dell opened a UK subsidiary and also became the first computer company to offer next-day, on-site product service.
The company went public in 1988 and in 1989 introduced its first notebook computer.
The company began selling pre-built computers in 2007 through Wal-Mart stores.
Dell acquired information technology provider Perot Systems in 2009 for $3.9 billion.
Dell offers a comprehensive employee benefits package that lets workers choose from a selection of health, dental and vision plans or build their own. The company also offers flexible spending accounts and life insurance coverage.
* 5% dollar-for-dollar company match
Other benefits include:
In addition to the benefits mentioned above, Dell offers:
* Adoption Assistance – up to $2000 in adoption assistance per adopted child
Updated February 5, 2013