Customer Shift to Standard Enterprise Technology Favors Dell, Michael Dell Tells Investors at Annual Meeting.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--July 18, 2003 Dell Inc. (Nasdaq:DELL) Company Shareholders Approve All Management Proposals, Re-Elect re·e·lect also re-e·lect tr.v. re·e·lect·ed, re·e·lect·ing, re·e·lects To elect again. re Three Directors Michael Dell Michael Saul Dell (born February 23, 1965, in Houston, Texas) is the founder and CEO of Dell, Inc. Biography Early life and education The son of an orthodontist, Dell was born in to an upper-class Jewish family and attended Herod Elementary School in Houston, today said more and more customers are making the company a trusted enterprise partner, especially for standards-based servers, storage systems and services. And shareholders embracing Dell's broader reach have approved a corporate name change -- from Dell Computer Corp. to Dell Inc. Mr. Dell, chairman of the board and chief executive officer, reinforced in remarks at the company's annual meeting of shareholders here this morning that the competitive advantages of Dell's customer-focused, direct way of doing business are enabling it to expand and deepen deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. deepen Verb to make or become deeper or more intense Verb 1. its customer relationships. "We've always done business differently from other companies," said Mr. Dell. "That allows us to better understand the needs of and create superior value for customers, and consistently produce leading operating results for investors and others who hold stakes in Dell." He said the applicability of Dell's direct model and opportunities for the company are vast. While the company's United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. business remains exceptionally strong, growth in other markets is also rapid. Product shipments last quarter were up 40 percent in Asia-Pacific and Japan, and 29 percent in Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the . Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. in both regions nearly doubled, to record levels. In the enterprise, Dell's first-quarter server shipments rose 40 percent, more than four times the average of other suppliers, and the company accounted for almost one-third of U.S. server volume. External-storage revenue was up 65 percent. "Customers are increasingly using clusters of standard servers in place of mainframe computers that rely on costly proprietary technology," Mr. Dell said. "Standards-based systems are now the better choice for most computing computing - computer applications, and the trend to such powerful and reliable technology favors our company." Dell's large and growing influence in the enterprise explains the company's name change, a management proposal approved by shareholders in proxy voting Proxy voting is the delegation to another member of a voting body of that member's power to vote in his absence. It is essentially synonymous to delegated voting. Proxy voting is commonly used in corporations for voting by members or shareholders, because it allows members . Mr. Dell said the company's formal name is "catching up" with its evolution from supplying strictly computer hardware to providing a diverse range of technology products and services. In other matters, shareholders voted to return three directors -- Michael A. Miles Michael A. Miles serves on the board of directors of Time Warner, Sears Holdings Corporation, Dell Inc., AMR Corporation, and Citadel Broadcasting Corporation. Previously he was the chief executive officer of Kraft Foods and Philip Morris Companies. , Alex J. Mandl Alex J. Mandl (b. 1943, in Austria) is a notable Austrian-American businessman, and currently Executive Chairman of smart card giant Gemalto. He has been named "One of America's Most Powerful Businessmen" by Forbes magazine. and Morton L. Topfer -- to the Dell board. They also approved two other management proposals: that all directors stand for re-election annually, and for a tax-deductible, performance-based executive compensation plan. About Dell Dell Inc. (Nasdaq:DELL) is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Company revenue for the past four quarters totaled $36.9 billion. Dell, through its direct business model, designs, manufactures and customizes products and services to customer requirements, and offers an extensive selection of software and peripherals. Information on Dell and its products can be obtained at www.dell.com. Dell is a trademark of Dell Inc. Dell disclaims any proprietary interest in the marks and names of others. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion