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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (173969)	3/4/2004 11:29:35 AM
From: SecularBull	Respond to of 176387

Rollins Named Dell's Next Chief Executive Officer, Will Be Nominated to Succeed Topfer on Board of Directors Thursday March 4, 11:12 am ET Michael Dell to Remain Active Chairman of the Board Changes Effective in July ROUND ROCK, Texas--March 4, 2004-- Twenty years after founding Dell (Nasdaq:DELL - News), Michael Dell will transfer the title of chief executive officer to Kevin Rollins, with whom he has led the world's fastest-growing, most profitable computer systems company since 1997. Dell's board of directors, meeting today in New York City, appointed Mr. Rollins CEO effective at the company's July 16 annual meeting of shareholders. Mr. Rollins, currently president and chief operating officer, will become president and chief executive officer. He will also be nominated for election to the Dell board at the annual meeting. Mr. Dell will remain deeply involved in the company's day-to-day business as chairman of the board, leaving intact a unique, successful "two-in-a-box" senior-management structure. The company said the pending title change is consistent with current primary roles: Mr. Dell emphasizing trends in technology and customer preference, including research and development, Mr. Rollins leading company strategy and operations. Mr. Rollins would succeed Mort Topfer on Dell's board of directors. Mr. Topfer, a director since December 1999, has chosen not to stand for re-election. A former executive of the company, he retired from Dell in December 2001. In its fiscal year ended Jan. 30, Dell achieved record product shipments, revenue, operating and net income, and earnings per share. The company marks its 20th anniversary in May. About Dell Dell Inc. (Nasdaq:DELL - News) is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Company revenue for the past year totaled $41.4 billion. Dell, through its direct business model, designs, manufactures and customizes products and services to customer requirements, and offers an extensive selection of software and peripherals. Information on Dell and its products can be obtained at www.dell.com. Dell is a trademark of Dell Inc.

To: SecularBull who wrote (173969)	3/4/2004 12:05:17 PM
From: TigerPaw	Read Replies (3) \| Respond to of 176387

In my opinion, It was Mort Topfer, with brilliant ideas about direct sales, customization and inventory, along with Tom Meredith's ideas about inventory ownership and contracts, which coupled with Michael Dell's charisma and drive which drove the company performance in the 1990s. Of course it didn't hurt for this trio to meet at a time of unprecidented productivity in the country as a whole. With all of them disengagued, for the most part, I see the company as becomming much more similar to their rivals. Rollins strikes me as someone more likely to talk with the lawyers and cpas and take a steady cautious approach than the preceeding trio. TP

To: SecularBull who wrote (173969)	3/5/2004 9:29:19 AM
From: kemble s. matter	Read Replies (2) \| Respond to of 176387

SB, Hi!! Michael's not exactly heading for some island with all his money and a stockpile of food and drink...He still remains their #1 sales "rep"...And, I'm sure this move may free up some more time for him to concentrate on winning more share...If you've ever had the opportunity to hear him speak of how his vision in the business world will become it's quite informative...And, he's made many of these "calls" right on...IT managers like to hear someone who is interested in saving their company money...I can think of no one better to hear this from... :O) It's a big world out there and I believe he'll cover as much of it as possible... Also, he does have a family... :o) Best,Kemble