Why would a company expand facilities unless business was GREAT and expected to bet even BETTER. Building new facilities would be the last thing a company with "revenue problems" would do.
The new Austin/Graceland expansion announcement leaves no doubt that DELL has bigger plans we have not heard about yet.
Fez
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Thursday April 1, 11:03 am Eastern Time
Company Press Release
Dell Selects Nashville for High-Tech Expansion
ROUND ROCK, Texas--(BUSINESS WIRE)--April 1, 1999--Dell Computer Corporation (Nasdaq:DELL - news), the world's leading direct computer systems company, today announced U.S. expansion projects to support the growth of its North American business, including construction of additional facilities in Central Texas and expansion of some operations to a new location in the Nashville, Tenn., area.
Projects announced today include an office building and a manufacturing facility in Central Texas, and new operations in the Nashville area by the end of this year. Dell selected the Nashville area as an additional U.S. site and is pursuing negotiations with state and local leaders. Other locations Dell has studied are in the southwestern, southeastern and western United States.
The new projects continue Dell's global expansion, including the announcement or completion of five manufacturing facilities worldwide over the last 16 months. Among the new facilities are two in Ireland and one each in China, Brazil and the United States.
The Tennessee location will complement Dell's operations in Central Texas which currently include two campuses, totaling 940 acres; 3.5 million square feet of space and three manufacturing sites. As Central Texas' largest private employer, Dell's direct and indirect economic impact is estimated by economists to be more than $5 billion and 50,000 jobs. Last year, Dell hired 4,000 new employees in Central Texas and economists estimate that more than 60 percent of all new jobs created in the area were attributable to the company.
While Dell considers several Nashville-area locations, it is also discussing its infrastructure requirements with Tennessee officials. These include completion of telecommunications and transportation projects within specific timeframes.
''We want to work with state and local leaders to address our priorities in a way that is beneficial to Dell, to the state, and to the community,'' said Dell Vice-Chairman Kevin Rollins. ''Clearly, there are many advantages that a Tennessee expansion could bring Dell. But equally important are the advantages that a Dell expansion would bring to Tennessee. The thousands of technology jobs created by Dell and our suppliers would launch and stimulate a new sector of the Tennessee economy. We would hope that Dell's investments could have the same positive effect for Nashville that they've had for Central Texas.''
Dell's growth has been a catalyst in other economies as well. In Ireland, where Dell opened its first facilities nine years ago to support the European market, it is now the country's largest private employer. Within the last 16 months, Dell has announced or completed two new manufacturing facilities in Ireland to support customer demand for Dell products throughout its European markets.
Dell is still growing at its corporate headquarters in Central Texas. New Central Texas expansion projects planned for this year include a 300,000 square-foot manufacturing facility and a 325,000 square-foot office building on a site in northeast Austin. These facilities are in addition to three Dell office buildings currently under construction in Round Rock and will bring to five the number of buildings underway or completed by Dell in Central Texas in 1999. Collectively, these projects will support up to 5,000 additional jobs.
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