Boss Talk: Michael Dell Looks Beyond PC Business – WSJ.com

Interesting what Michael Dell has to say about the Android tablet:

Mr. Dell: I’d say [the] rapid rise of the tablet. I didn’t completely see that coming.

Tablets aren’t really new, in the sense that the tablet PC idea’s been around for a while. Obviously, more recent products have been much more successful.

What’s interesting [is that] business users are not going to give up smartphones. Won’t give up PCs. So now you have a PC, you have a smartphone and you have a tablet. Sounds pretty good. Industry growth.

What’s also interesting is Apple’s great success with the iPhone. Android comes along, even greater success. I think you’ll see the same thing on tablets, with enormous numbers of Android tablets with Dell certainly playing a role in that as well.

WSJ: Do you think Android tablets will outpace iPads moving forward?

Mr. Dell: Not tomorrow. Not the next day. But again, if you look at 18 months ago, Android phones were like, “What is that?” And now there are more Android phones than iPhones. I don’t see any reason why the same won’t occur with Android tablets.

Complete source: Boss Talk: Michael Dell Looks Beyond PC Business – WSJ.com.

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About jrv

I was born in Spain and lived in Belgium, Chile, France, USA, Argentina among other places. Currently I am trying to settle down in a wild place. I am "retired", even though now I dedicate more hours "working" for my investments than I ever worked in the real labor market where I used to work in IT and Banking. I am a family man, I have a lovely wife, several sons and one step daughter. I have humble tastes, I like to stay home and read about companies and investments. I started investing at 25 before the internet bubble exploded. I did not know much about investing and liked technical analysis so my results were pretty bad. Fortunately I did not have much to lose. Some years later in 2006 bored of doing only real state investments and with quite a lot of money saved I opened an account in a cheap and excellent online broker and started again. This time I did not want to commit the same mistake, so I decided to follow a model. I heard that Warren Buffett was the best at making money via stocks so I started by reading a lot about him, all of his shareholders letters and several of the books that he recommended. I learned a lot, started applying his investing principles and reading a lot of 10K's. Digested news from lots of different sources. Basically I started buying very good and cheap companies and holding them for ever if possible and if nothing changed fundamentally. When the housing crisis started I was more than 75% cash. At that time I identified good companies at incredibly cheap prices so I invested most of my savings in stocks. In less than I year I doubled. By the second semester of 2009 I turned my software company into an investment vehicle and dedicated myself full time to it. My wife and I decided to change our lifestyle and moved from Belgium to the beach in a wild country. The goal was to keep fixed costs low in order to be able to live with a minimum 6-8% yearly return but specially to move away from the inhuman life of civilization and to have finally some peace and sunny weather to concentrate better on investing. Now I can think and study about companies 60 hours a week and I am doing great. I can finally do what I want full time and can proudly say that I have never been so happy, specially also with my just born 4th son, my other great kids and my sweet wife who supports me fully while I study most of the day and patiently wait for the opportunity to make a swing ! You can learn a bit more about my portfolio by viewing it at www.kuchita.com/view/sumo.php or you may learn more about me and my family by following the link "Author's site" from the menu above.
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One Response to Boss Talk: Michael Dell Looks Beyond PC Business – WSJ.com

  1. jrv says:

    This shows how the consumer PC business is not more a part of DELL’s profit:

    Mr. Dell: Two-thirds of Dell’s profit is not the PC. Of the one-third that is the PC, the vast majority of that is not consumer. I’m just level-setting what Dell is today, because I think a lot of people look at Dell and they go, “Oh, Dell is a consumer PC company.” That’s not really at all what Dell is today. Certainly we want to grow our consumer business and we want to grow it profitably.

    Last quarter we had a modest profit in consumer. It looks like we’ll be well-positioned to have a similar kind of modest profit this year. We’re investing a lot in our products. But is the fundamental epicenter of the company going to change from enterprise solutions, services, data centers, storage, virtualization, security? No. But we want to participate in many markets. Consumer is one of them.

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