AUSTIN, Texas -- The fact that Dell is moving away from being a low-cost supplier of PCs and IT hardware toward a more robust company with a portfolio of technology that can address issues ranging from cloud computing to mobile device management is old news. However, the way Dell (NASDAQ: DELL) plans to integrate its acquisitions, intellectual property and technology remains an open question.
CEO Michael Dell attempted to answer that question for both the company's customers and financial analysts at Dell s annual investor conference here. Michael Dell kicked off the June 29 event with a keynote address that looked to tie the company's eight different acquisitions and a year-long, $1 billion investment in research and development.
While Dell and his executive team highlighted the company s overall financial growth and the strides it has taken to reach its financial goals, this year s meeting lacked a strategic realignment of the company's fortunes that had been the focus of previous meetings. Instead, Michael Dell and his executives detailed how the acquisitions and shift toward newer technologies is pushing the company toward a goal of being an IT services company in the same vein as Hewlett-Packard, IBM and Oracle.
"Last year was really about growing our services and solution portfolio," said Michael Dell. "Our focus now is on enterprise solutions that provide efficiency and flexibility. We very much have this idea of open, affordable and capable, which you will hear resonate throughout the day."
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Dell's Shift Toward IT Services, Cloud, Storage Continues
