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Dell
Headquarters:
One Dell Way
Round Rock, TX 78682
Employees: 106,700
CEO: Michael Dell
Stock Symbol: DELL
Website: http://www.dell.com
Dell is one of the world's leading maker of personal computers and accessories. Dell sells and ships most products directly to customers and sells merchandise in selected stores. The company ships thousands of computer systems everyday to customers in 180 countries.
Most computers are built and shipped according to customer specifications. Dell is known for selling quality hardware at reasonable prices. Most of the company's sales are through corporations, government, education, hospitals and small businesses.
Founder and CEO Michael Dell partnered with private equity firm Silver Lake to acquire the company in February and take it private. Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at approximately $24.4 billion.
Michael Dell said in a statement: “I believe this transaction will open an exciting new chapter for Dell, our customers and team members. We can deliver immediate value to stockholders, while we continue the execution of our long-term strategy and focus on delivering best-in-class solutions to our customers as a private enterprise. Dell has made solid progress executing this strategy over the past four years, but we recognize that it will still take more time, investment and patience, and I believe our efforts will be better supported by partnering with Silver Lake in our shared vision. I am committed to this journey and I have put a substantial amount of my own capital at risk together with Silver Lake, a world-class investor with an outstanding reputation. We are committed to delivering an unmatched customer experience and excited to pursue the path ahead.”
In fiscal 2012, Dell reported revenues of $62.1 billion, a 1% increase from the previous year. Net income for the year was $3.95 billion.
Sales in personal computers have dropped over the past several years with the rise of tablet computers and smartphones.
History
Michael Dell founded his company in 1984 while a student at the University of Texas. He was fascinated with the inner-workings of computers and started a business where he could build his own computers and sell them directly to customers.
In 1985, Dell introduces the first computer system of its own design; the Turbo, featuring an Intel 8088 processor running at eight megahertz. In 1987, Dell opened a UK subsidiary and also became the first computer company to offer next-day, on-site product service.
The company went public in 1988 and in 1989 introduced its first notebook computer.
The company began selling pre-built computers in 2007 through Wal-Mart stores.
Dell acquired information technology provider Perot Systems in 2009 for $3.9 billion.
Benefits
Dell offers a comprehensive employee benefits package that lets workers choose from a selection of health, dental and vision plans or build their own. The company also offers flexible spending accounts and life insurance coverage.
401(k)
Under Dell's current 401(k) retirement plan, employees may invest up to 50% of their annual pre-tax salary through convenient payroll deductions. 401(k) investments from previous employers may be rolled over into this account. All eligible employees may participate in the Dell 401(k) Plan as of their start date with Dell. The plan features:
* 5% dollar-for-dollar company match
* Immediate vesting
* A variety of investment choices
* Online and in-person investment tools and resources.
Other benefits include:
- Paid vacation based on years of service
- Paid holidays, including an extended week for Christmas/New
Years, to most employees
- Personal Business Allowance (PBA) Dell offers paid time off
for personal reasons such as; illness, medical appointments,
closing on a home, and childcare obligations.
- Leave of Absence - Dell provides eligible employees with up to 12 weeks of unpaid, job-protected leave in a rolling 12-month period for certain qualifying conditions in accordance with the federal Family and Medical Leave Act of 1993 (FMLA). Dell also provides Military Leave and, under certain circumstances, Company Discretionary Leave.
- Discounts on Dell Products
In addition to the benefits mentioned above, Dell offers:
* Adoption Assistance – up to $2000 in adoption assistance per adopted child
* Childcare Discounts – discounted childcare providers in many U.S. locations
* College Coach – provides tools to assist your school-age children as the look ahead to getting into, being ready for, and paying for college
* Dell Merit Scholarships – college age children of Dell employees may apply
* Educational Assistance Program – tuition and book reimbursement
* Emergency Dependent Backup Care – Offers affordable, temporary care for dependents (child or elder) when your normal care falls through
* Emergency Business Travel Assistance – help when travelling domestically or internationally
* Free Annual Health Screenings – know your numbers for cholesterol, glucose, blood pressure, weight, etc.
* "Friends For Hire" – employee referral program
* On-site Services – fitness centers, notary publics, mothers rooms, banking centers and health center (in some locations)
* Lactation Program – Offers breast pump discounts and free, unlimited phone access to trained lactation counselors
Updated February 5, 2013