Dell actually does this, with a clean, simple number for its consumer revenues compared to its business and government revenues. HP does not, providing only a breakdown of its printer product revenues between consumer and business purchases and no numbers on what proportion of PC, server, storage, or services revenues come from consumers versus business. Microsoft — which we think has a very similar ratio of consumer-to-business revenues as HP —is just as bad as HP in not disclosing actual consumer versus business revenue.
So it is not surprising that when both Dell and HP report that their consumer PC revenues are down, investors assume that HP is suffering more than Dell. And it is probably no coincidence that both IBM and Dell have had similar rises in their stock prices this year, while the more obscurantist Microsoft and HP are each down. Finally, turning to what Dell's and HP's revenue numbers show about tech market trends in the business tech market that we track, our expectation of slowing but still positive growth in business and government purchases of computer equipment is being borne out, though with some interesting twists.
We had expected slower growth as virtualization reduces the demand for servers, but it is possible that server buying by telcos and other would-be cloud vendors including, of course, IBM, HP, and Dell has kept demand growing. Third, corporate buying of PCs still is strong, but government buying is dropping.
Twitter LinkedIn Facebook Email. Categories CIO insights. Subscribe to updates. By checking this box, you are subscribing to our insights newsletter and agree to receive survey invitations and marketing communications. Sign Up. Thanks for signing up. If Dell were to sell itself to the smaller company it already owns, it would be able to get back onto the market without a listing. Dell may also undertake the traditional IPO route, but either way, it seems that the tech giant may remain private for much longer.
He started by operating the company from his dormitory room. The business focused on building IBM-compatible computers with readily available stock parts. Dell advertised the computers directly to consumers in national computer magazines. Customers could pick options to have their computer custom assembled. The company began operating under the name of Dell Computer Corporation in and started a push for international expansion.
Its first international location was in Britain. Dell was featured in the Fortune list for the first time in After some hiccups at the company in , Dell stepped back into his former role as CEO in Dell laid out its argument for going private in a SEC filing.
The company stated it was fighting for market share in a sector that was seeing lower sales of personal computers due to increased demand for smartphones and tablets. The company had missed its own revenue projections for the prior seven quarters. Michael Dell stated that getting the company back on track would require substantial changes in its business model and the introduction of new products and services.
He believed these requirements would lead to substantial volatility in the stock price and lowered future earnings. In a opinion piece in the Wall Street Journal, Michael Dell cited myopic financial markets and activist investors too focused on short-term results as the main drivers for taking the company private.
By going private, the company can focus on a long-term strategy to position it for success in the future. It can align its interests with those of its customers. Dell said the company was prospering after going public since its team could focus on innovating for customers rather than worrying about quarterly results. Yahoo Finance. The Wall Street Journal. Business Leaders. Your Privacy Rights. Market open. Show : Historical Prices.
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