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Dell to Expand Investment in Europe, Israel
TEL AVIV (Reuters) - Dell Computer Corp plans to expand investment by its venture capital unit Dell Ventures to Europe and Israel over the next six months, a
company executive said on Monday.
Dell Ventures was established in the United States a year ago and has so far made 90 investments, worth about $1 billion, primarily as minority stakes in U.S.
companies, said John Moore, vice president for regional businesses.
``We have $7 billion in cash and investments,'' Moore told a news conference in Tel Aviv.
Outside the United States, Dell will seek investment opportunities ``in the United Kingdom, Germany, the Nordic areas and Israel,'' he said.
In Europe, Dell is particularly interested in wireless technologies, though Moore said the company's investments would not be
limited to this sector.
In Israel, Dell launched a Web site last year to promote sales of its products.
``The Internet has propelled sales forward,'' said Raanan Biber, country manager for Dell in Israel.
He said the company's overall Israeli sales in the first quarter of 2000 jumped nearly threefold in comparison with a year earlier.
Dell Israel averaged $1 million a month of online revenue in the first quarter, representing about 40 percent of turnover, similar to Dell's rate worldwide.
Sales of servers rose nearly fourfold and account for an increasingly large part of Dell's business. Dell is the number three supplier of servers as well as of
notebooks in Israel.
Worldwide, Dell has a 10.5 percent share of the PC market, second only to Compaq Computer Corp, which has a 13.1 percent share. |
