“Dell Inc. Chairman and founder Michael Dell replaced Kevin Rollins as chief executive officer and said fourth-quarter results will miss analysts’ estimates,” Connie Guglielmo reports for Bloomberg.
“Rollins resigned effective immediately, the Round Rock, Texas-based company said in a statement today,” Guglielmo reports.
Guglielmo reports, “Dell is taking back control as the company struggles to win back market share lost to Hewlett-Packard Co. and faces an investigation into its accounting. He handed the CEO title to Rollins in 2004 after building the company from his college dorm room into one of the world’s biggest personal-computer makers.”
Full article here.
MacDailyNews Take: Adios, Kevin. Nice job. Again, why buy a Dell when Apple’s Intel-based computers will run both Mac OS X and Windows?
Now that you’ve got the reins again, Mr. Dell, before it’s too late, we suggest that you shut down the company and give the money back to the shareholders.
Note: Research Analyst Michael Comeau made his 2007 predictions for RealMoney on December 16, 2006, which included, “Dell will continue to lose market share, and CEO Kevin Rollins will step aside by year-end, with Michael Dell once again taking the reins as CEO.” Comeau also predicted, “Microsoft will kill the first Zune media player by midyear.”
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Fortune compares Mac vs. Dell: ‘you’ll get more for your money with Apple’ – September 11, 2006
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