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Originally published by The Tampa Tribune, tbo is now among the portfolio of brands powered by the Tampa Bay Times. Jump to navigation Jump to search “DELL” and “Dell Inc. For its parent company, see Dell Technologies. Look up dell in Wiktionary, the free dictionary. American multinational computer technology company based in Round Rock, Texas, United States, that develops, sells, repairs, and supports computers and related products and services. Dell was listed at number 51 in the Fortune 500 list, until 2014. After going private in 2013, the newly confidential nature of its financial information prevents the company from being ranked by Fortune.

Dell traces its origins to 1984, when Michael Dell created Dell Computer Corporation, which at the time did business as PC’s Limited, while a student of the University of Texas at Austin. In 1986, Michael Dell brought in Lee Walker, a 51-year-old venture capitalist, as president and chief operating officer, to serve as Dell’s mentor and implement Dell’s ideas for growing the company. Walker was also instrumental in recruiting members to the board of directors when the company went public in 1988. The company dropped the PC’s Limited name in 1987 to become Dell Computer Corporation and began expanding globally. 80 million from its June 22 initial public offering of 3. Bain consultant Kevin Rollins persuaded Michael Dell to pull out of these deals, believing they would be money losers in the long run.

Internet site took off in 1996 and 1997. While the industry’s average selling price to individuals was going down, Dell’s was going up, as second- and third-time computer buyers who wanted powerful computers with multiple features and did not need much technical support were choosing Dell. From 1997 to 2004, Dell enjoyed steady growth and it gained market share from competitors even during industry slumps. Consumer Reports, year after year, during the mid-to-late 90s through 2001 right before Windows XP was released. In 1996, Dell began selling computers through its website. In 2002, Dell expanded its product line to include televisions, handhelds, digital audio players, and printers. In 2003, the company was rebranded as simply “Dell Inc.