What Happened To Dell?
Since its 1984 launch in Michael Dell's dorm , Dell has evolved from a PC maker to a $90 billion in revenue and services in storage, servers, cloud infrastructure and data security. Since then, CEO, Michael Dell has taken his company public, private and then public again as it tried to keep up with changing consumer and business customer needs.
Dell’s first IPO happened in 1988 when “Dell Computer Corp.” went public at $8.50 a share with a market capitalization of $85 million. In 1992, Michael Dell became the youngest Fortune 500 CEO at 27. By 2001, Dell had overtaken Compaq as the world’s largest PC maker.
But by 2013, demand for PCs stalled as tablets and smartphones became more popular. Later that year, Michael Dell took the company private. In 2015, Dell purchased data storage company EMC, a deal that still stands as the largest technology acquisition of all time. In 2018, Dell returned to the public markets as Dell Technologies.