Dell Names Russell Holt to Head New PowerVault Storage Business Unit.Business Editors and High-Tech Writers ROUND ROCK, Texas--(BUSINESS WIRE)--Sept. 18, 2000 Dell (Nasdaq:DELL), a world leader in Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the commerce and infrastructure computing computing - computer , today named Russell L. Holt holt n. Archaic A wood or grove; a copse. [Middle English, from Old English.] holt Noun the lair of an otter [from as head of a new Storage Systems business unit reporting to the company's Office of the Chief Executive Officer. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dell, the business unit was formed to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the significant global growth opportunities for storage products and systems. Dell's PowerVault storage division was originally formed in 1998 as part of the company's Enterprise Systems Group. Now the sixth-largest provider of storage products worldwide(1), Dell achieved 70 percent growth in year-over-year sales of external storage products in the second quarter, and reported overall storage sales were approaching $1 billion annually. Mr. Holt, 39, will head the new unit as vice president and general manager responsible for worldwide development and marketing of Dell PowerVault Dell PowerVault products include disk enclosures, disk arrays, tape drives, autoloaders, tape libraries, network attached storage and storage area networks. Some of these products are provided through a partnership with EMC Corporation and are further classified as a Dell/EMC storage products. "As the market for storage systems expands over the next several years, we see significant opportunity to grow Dell's business through the same core strengths that have driven success in other areas of our company," said Dell Vice Chairman James Vanderslice. "As we have done time and again throughout Dell's history, the company is segmenting its business to drive greater focus, efficiency and speed-to-market. Russ' 17 years of experience in the industry and strong leadership at Dell make him an excellent choice to lead this new business." Mr. Holt joined Dell in 1998 as director of engineering for Dell's server products, and most recently was vice president and general manager for Dell's Departmental and Workgroup PowerEdge Servers. He has made significant contributions in advancing the company from a No. 4 worldwide server market share position to its current No. 2 ranking. About Dell Dell Computer Corporation (company) Dell Computer Corporation - One of the biggest US manufacturers of IBM PC compatibles. "From notebooks to networks", their slogan says. http://us.dell.com. (Nasdaq:DELL) is the world's leading direct computer systems company, based on revenues of $28.5 billion for the past four quarters, and is a premier provider of products and services required for customers to build their Internet infrastructures. The company ranks No. 56 on the Fortune 500, No. 210 on the Fortune Global 500 and No. 3 on the Fortune "most admired ad·mire v. ad·mired, ad·mir·ing, ad·mires v.tr. 1. To regard with pleasure, wonder, and approval. 2. To have a high opinion of; esteem or respect. 3. " lists of companies. Dell 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 on the World Wide Web at www.dell.com. (1) According to International Data Corporation's 1999 Worldwide Disk Systems Market Forecast and Review. Report No. W21352, Dec. 1999. Dell, PowerEdge and PowerVault are trademarks of Dell Computer Corporation. |
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