Dell unveils latest Internet strategy
PC maker holds analyst meeting in New York
cbs.marketwatch.com
By Stephanie O'Brien and Janet Haney
CBS MarketWatch
Last Update: 11:16 AM ET Apr 6, 2000 Silicon Stocks
Hardware Stocks
NEW YORK (CBS.MW) -- Dell shares rose Thursday, as the company held its analyst meeting in New York and investors responded to the company's extended Internet strategy.
The computer maker (DELL: news, msgs) described its goals during a press conference held in New York on Wednesday. The initiatives include: infrastructure computing, service provider direct, "E"xpert services, universal access and Dell Ventures.
Meanwhile, investment banking firm Goldman Sachs included Dell on its "Super Seven" list of tech names, and said the company (DELL: news, msgs) is the, "Poster child for leveraging the power of the Internet through supply chain management and customer relationships."
Dell shares climbed 2 21/64, or 4.2 percent, to 56 1/8. The stock hit an all-time high of 59 11/16 on March 22.
"Our success gives us the credibility to be a key partner to other companies as they build their online operations, which include sales, services, support, manufacturing supply chain and other business processes," said Chief Executive Officer Michael Dell said Wednesday.
Through the Round Rock, Texas, company's infrastructure computing initiative, customers can use a PowerApp appliance server to perform functions such as Web serving and caching. Its service provider direct program provides resources, programs and alliances for Internet and application-service providers. Program members include Exodus Communications (EXDS: news, msgs), Corio and NaviSite (NAVI: news, msgs), Dell revealed.
Dell Ventures plans to provide investments and incubation services for early-stage private companies.
By the end of the fourth quarter, sales through the company's Dell.com Web site averaged a whopping $40 million per day.
Hi Kemble!
Re: cnbc.com
Re: "An increasing number of customers have asked Dell to share its e-business expertise with them. The partnerships we have established will allow Dell to advise thousands of customers on some of the best methods to build an e-business. Dell's services portfolio now spans from e-support to e-consulting, serving medium-sized companies to some of the world's largest enterprises."
You also said "I believe the reason why Michael quoted $10b at the shareholders meeting and Kevin Rollins has stated a number far larger is because this explosion outward of the internet is something no one can predict...Let's not forget that the original IDC numbers predicted B2B as being a total package of 1.4 trillion by 2004...and when they finally upgraded this statistic (I believe around Thanksgiving this year) they upgraded it to $7 trillion!! The services here that DELL may be staring out are something that will significantly changed the earnings picture in the very near future...I can also remember Sig's remarks to some comments we were discussing where he reminded everyone of the math involved if Kevin Rollins' statements are just the norm for a DELL prediction....
Perhaps Tom Meredith's comments about "just getting started in here" are more and more telling with each service area that DELL appears to be setting up for corporate America...
Best, Kemble"
"The initiatives include: infrastructure computing, service provider direct, "E"xpert services, universal access and Dell Ventures."
Kemble, I like the way that Dell is announcing several stategies at once. It was one thing to have the core business sales. But Dell is taking their expertise and turning that into additional revenue. Do the Math!:)Leigh |
