Dell Efficient IT Solutions Growth Strategy Driving Its Stronger Financial Performance
15 7월 2011 - 10:51PM
Business Wire
Dell’s strategy to develop its capability as an efficient
technology solutions provider, grow faster than the industry in
strategic areas and shift the company’s mix to higher-value
products and solutions was outlined here today at the company’s
annual stockholders meeting.
During the meeting, Michael Dell, chairman and CEO, and Brian
Gladden, chief financial officer, reviewed the company’s business
progress and its competitively differentiated strategy to deliver
solutions that are highly capable, affordable and flexible to meet
the needs of large enterprises, public institutions, small and
mid-size businesses.
Mr. Dell described the company’s focus on next-generation
computing solutions and intelligent data management; services,
security and cloud; and end-user computing, which are critical to
driving industry leadership and growing operating income and cash
flow over time.
“We are investing for growth, building on our strengths and have
developed the solutions portfolio that our customers value,” said
Mr. Dell. “We’ve made significant progress and it is reflected in
our financial performance.”
Mr. Gladden described key priorities underway to enable the
company to deliver on its long-term value creation framework of 5-7
percent revenue growth, GAAP operating income of more than 7
percent and cash flow from operations exceeding net income. He also
said the company will continue to invest in differentiated
enterprise solutions and services to help the company reach its
goals.
“We’re increasingly optimistic about our development of
important capabilities for the company and the delivery of new
solutions for our customers, and encouraged by the financial
results we’ve delivered,” said Mr. Gladden.
In formal business at the meeting, stockholders:
- Re-elected 10 company directors: James
W. Breyer; Donald J. Carty; Michael S. Dell; William H. Gray, III;
Gerard J. Kleisterlee; Thomas W. Luce, III; Klaus S. Luft; Alex J.
Mandl; Shantanu Narayen; and, Ross Perot, Jr.;
- Approved the compensation of Dell’s
named executive officers as disclosed in the company’s proxy
statement;
- Approved one year as the frequency with
which Dell holds a stockholder advisory vote to approve the
compensation of its named executive officers;
- Rejected a stockholder proposal to
adopt a policy that the Board’s chairman be an independent
director;
- Rejected a stockholder proposal to
permit the company’s stockholders to act by written consent instead
of at a meeting of stockholders;
- Rejected a stockholder proposal that
the Board declare a quarterly dividend; and,
- Ratified PricewaterhouseCoopers LLP as
Dell’s independent auditor for fiscal 2012.
Judy Lewent and Sam Nunn, company directors since May 2001 and
December 1999 respectively, retired from the Board, effective
today, as previously announced.
“Dell and its stockholders have benefitted greatly from the
leadership and perspective Judy and Sam have provided,” said Mr.
Dell. “We’re grateful for their guidance during their time on the
Dell Board, and we wish them well in all their endeavors.”
Presentations and other information for the stockholders meeting
can be found at: www.dell.com/investors.
About Dell
Dell Inc. (NASDAQ: DELL) listens to customers and delivers
worldwide innovative technology, business solutions and services
they trust and value. For more information, visit www.dell.com.
Special Note:
Statements in this press release that relate to future results
and events (including statements about Dell’s financial results,
investments, acquisitions and strategic focus) are forward-looking
statements and are based on Dell's current expectations. In some
cases, you can identify these statements by such forward-looking
words as “anticipate,” “believe,” “could,” “estimate,” “expect,”
“intend,” “confidence,” “may,” “plan,” “potential,” “should,”
“will” and “would,” or similar expressions. Actual results and
events in future periods may differ materially from those expressed
or implied by these forward-looking statements because of a number
of risks, uncertainties and other factors, including: intense
competition; Dell’s cost-cutting measures; Dell’s ability to
effectively manage the growth of its distribution capabilities and
add to its product and services offerings; Dell’s ability to
effectively manage periodic product and services transitions; weak
global economic conditions and instability in financial markets;
Dell’s ability to generate substantial non-U.S. net revenue; weak
economic conditions and additional regulation affecting Dell’s
financial services activities; Dell’s ability to achieve favorable
pricing from its vendors; Dell’s ability to deliver consistent
quality products and services; Dell’s reliance on third-party
suppliers for product components, including reliance on several
single-sourced or limited-sourced suppliers; successful
implementation of Dell’s acquisition strategy; Dell’s product,
customer, and geographic sales mix, and seasonal sales trends;
access to the capital markets by Dell or its customers; loss of
government contracts; the risk of temporary suspension or debarment
from contracting with U.S. federal, state and local governments as
a result of settlements of an SEC investigation by Dell and Dell’s
Chairman and CEO; customer terminations of or pricing changes in
services contracts, or Dell’s failure to perform as it anticipates
at the time it enters into services contracts; Dell’s ability to
obtain licenses to intellectual property developed by others on
commercially reasonable and competitive terms; information
technology and manufacturing infrastructure disruptions or breaches
of data security; Dell’s ability to hedge effectively its exposure
to fluctuations in foreign currency exchange rates and interest
rates; counterparty default; unfavorable results of legal
proceedings; expiration of tax holidays or favorable tax rate
structures, or unfavorable outcomes in tax audits and other
compliance matters; Dell’s ability to attract, retain, and motivate
key personnel; Dell’s ability to maintain strong internal controls;
changing environmental and safety laws; the effect of armed
hostilities, terrorism, natural disasters, and public health
issues; and other risks and uncertainties discussed in Dell’s
filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for its fiscal year ended Jan. 28, 2011.
Dell assumes no obligation to update its forward-looking
statements.
Dell is a trademark of Dell Inc.
Dell disclaims any proprietary interest in the marks and names
of others.
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