|
| [July 18, 2008] |
 |
Dell: Key Priorities, Increased Competitiveness Accelerating Growth
ROUND ROCK, Texas --(Business Wire)-- Dell's enhanced product portfolio and competitiveness are driving renewed growth worldwide, Michael Dell, chairman and CEO, and Brian Gladden, Dell chief financial officer, told shareholders today at the company's annual shareholder meeting.
Mr. Dell reviewed progress the company is making in its five growth priorities, including, the fastest growth in the industry during Q1 in consumer units and becoming the No. 1 choice of consumers for desktops and laptops in a survey by the Frost & Sullivan analyst firm; growth worldwide in notebooks; industry-leading growth in servers and storage products for data centers; 58 percent revenue growth year over year in the fiscal first quarter in emerging countries; and, the most shipments of desktops, laptops and servers to small and medium businesses globally in a single quarter of Dell's history.
"Preliminary industry data shows we continue to grow units faster than the industry in the second calendar quarter," Mr. Dell said. "Renewed product innovation and leadership with all products and services have accelerated our growth across the world. From the desktop to the datacenter, from consumers to our biggest corporate customers, we are listening and positioning Dell to win as the next billion people come online in the Connected Era."
Mr. Gladden told shareholders that Dell also continues to improve its cost competitiveness as it works toward a target of $3 billion in annualized savings by the end of fiscal 2011.
"Operationally, our focus remains on growing faster than the industry; increasing revenue, profitability and cash flow," Mr. Gladden said.
"Over the past four quarters, we have generated $4.2 billion in cash flow from operations; $3.4 billion in operating income; and, $62.5 billion in revenue. Going forward, we are committed to driving liquidity, profitability and growth and we believe we are making decisions that will deliver the best long-term results and greatest shareholder value."
In formal business at today's meeting, shareholders:
-- Re-elected 11 company directors: Donald J. Carty; Michael S. Dell; William H. Gray, III; Sallie L. Krawcheck; Alan (A.G.) Lafley; Judy C. Lewent; Thomas W. Luce, III; Klaus S. Luft; Alex J. Mandl; Michael A. Miles; and, Samuel A. Nunn, Jr.
-- Rejected a shareholder proposal regarding reimbursement of proxy expenses;
-- Rejected a shareholder proposal regarding an advisory vote on executive compensation;
-- Approved a proposal regarding an executive annual incentive bonus plan; and,
-- Ratified PricewaterhouseCooper's LLP as Dell's independent auditor for fiscal 2009.
Presentations and other materials for the shareholders' meeting can be found at: www.dell.com/investors.
About Dell
Dell Inc. (NASDAQ: DELL) listens to customers and delivers innovative technology and services they trust and value. Uniquely enabled by its direct business model, Dell is a leading global systems and services company and No. 34 on the Fortune 500. For more information, visit www.dell.com, or to communicate directly with Dell via a variety of online channels, go to www.dell.com/dellshares. To get Dell news direct, visit www.dell.com/RSS.
Special Note
Statements in this press release that relate to future results and events (including statements about future financial and operating performance) are forward-looking statements based on Dell's current expectations. Actual results and events in future periods could differ materially from those projected in these forward-looking statements because of a number of risks and uncertainties including: general economic, business and industry conditions; our ability to maintain a cost advantage over our competitors; local economic and labor conditions, political instability, unexpected regulatory changes, trade protection measures, tax laws, copyright levies and fluctuations in foreign currency exchange rates; our ability to accurately predict product, customer and geographic sales mix and seasonal sales trends; information technology and manufacturing infrastructure failures; our ability to effectively manage periodic product transitions; any additional issues or matters that may arise from the ongoing SEC investigation; our ability to maintain a strong internal control environment; our reliance on third-party suppliers for quality product components, including reliance on several single-source or limited-source suppliers; our ability to access the capital markets; unfavorable results of legal proceeding could harm our business and result in substantial costs; our acquisition of other companies; our ability to properly manage the distribution of our products and services; effective hedging of our exposure to fluctuations in foreign currency exchange rates and interest rates; obtaining licenses to intellectual property developed by others on commercially reasonable and competitive terms; our ability to attract, retain and motivate key personnel; loss of government contracts; expiration of tax holidays or favorable tax rate structures; changing environmental laws; and the effect of armed hostilities, terrorism, natural disasters and public health issues. For a discussion of those and other factors affecting Dell's business and prospects, see Dell's periodic filings with the Securities and Exchange Commission.
Dell is a trademark of Dell Inc.
Dell disclaims any proprietary interest in the marks and names of others.
[ Back To it.tmcnet.com's Homepage ]
|