Dell Looking for Acquisitions to Boost Growth

Monday, 09 Jan 2012 11:48 AM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Dell Inc., the world's number three personal computer maker, will use its "strong cash flows" to make acquisitions to boost growth, Chief Executive Michael Dell said on Monday.

Dell could acquire small and medium size companies that would give it access to new technologies, he said at a business event in southern Indian city of Bangalore.

Dell, which has long-depended on government, corporate and consumer technology spending worldwide, has been diversifying from hardware into higher-margin services, but at a slower pace than some rivals.

"You will see us be a serial acquirer using our strong cash flows to enhance our growth and add to our development capability," Dell said.

He said that the smartphones and tablets were unlikely to dent demand for personal computers.

"If you look at the tablet, it's a very interesting and exciting device. It's basically an additional device," Dell said.

"In other words, if I get a tablet I don't get rid of my smartphone. If I get a smartphone, I don't get rid of the PC either."

In November, Dell reported quarterly revenue that missed Wall Street estimates, and the computer maker warned that full-year revenue could be hurt by an industry-wide shortage of hard drives.

The company lost market share during the third quarter to Asian rival Lenovo Group which vaulted past it to claim the No. 2 ranking in PCs behind market leader Hewlett-Packard.

© 2014 Thomson/Reuters. All rights reserved.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Republicans Narrow Democratic Fundraising Lead for 54 House Races

Thursday, 17 Apr 2014 09:40 AM

Democrats are outpacing the Republicans in fund raising for the 54 most-contested 2014 House elections, but the gap betw . . .

Putin Fields Question from Snowden During Call-In Show

Thursday, 17 Apr 2014 09:21 AM

Edward Snowden, the fugitive former U.S. spy agency contractor who leaked details of U.S. intelligence eavesdropping, as . . .

Rich Lowry Attacks 'Hounding' of Condoleezza Rice

Thursday, 17 Apr 2014 09:07 AM

National Review Editor Rich Lowry has come to the defense of embattled Condoleezza Rice after hundreds of students and p . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved