DURABLE CEOS IN PC WORLD STILL IN EARLY 30S.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Ted Waitt Theodore "Ted" Waitt (born January 18, 1963) is an American billionaire who was a co-founder of Gateway, Inc. Biography Waitt was born and raised in Sioux City, Iowa and attended the University of Iowa. , the 34-year-old chairman and chief executive of Gateway 2000 Inc., has the second-longest tenure of any top executive in the personal computer business. The industry's longest-lasting executive is also its youngest - 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, , 31, chief executive and chairman of Dell Computer Corp. His company is Gateway's closest rival and the only other Top 10 personal-computer maker to deal directly with customers, manufacturing PCs to the specifications of individual orders. Dell started selling PCs from his dorm room at the University of Texas in 1982, when he was 18. By 1984, success prompted him to drop out of school and devote all his time to the business. In 1988, the company went public, and Dell became the youngest chief executive officer in the Fortune 500, a distinction he still holds. At 22, Waitt started Gateway in 1985 with a friend, Mike Hammond Hammond. 1 City (1990 pop. 84,236), Lake co., extreme NW Ind., bounded by Lake Michigan, the Ill. state line, and the Little Calumet River, and traversed by the Grand Calumet River; settled 1851, inc. 1884. - initially building PCs that Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. then sold. In 1986, they marketed PCs with the Gateway brand. The company waited longer to go public, issuing stock in 1993 and becoming South Dakota's only Fortune 500 company. In 1995, Dell was the nation's fifth-largest PC maker with $5.3 billion in sales, followed by Gateway with $3.7 billion. Dell's sales grew 52 percent last year and Gateway's 36 percent, both solidly faster than the overall PC industry. They have grown as consumers become more comfortable with PCs. Many know exactly what they want in a new model and are more willing to buy one without seeing it first. Dell and Waitt have outlasted their peers at other companies by staying flexible and deferential deferential /def·er·en·tial/ (-en´shal) pertaining to the ductus deferens. def·er·en·tial adj. Of or relating to the vas deferens. deferential pertaining to the ductus deferens. to the experience of people they have hired. |
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