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No more smartphones: Dell to focus on enterprise following buyout

Dell has revealed its future is in the enterprise market, rather than in as a smartphone or consumer device manufacturer. Founder Michael Dell has revealed the companyโ€™s new direction in an interview with business news channel CNBC. During the interview, Dell identified five key areas of focus for the company, including enterprise solutions, increased sales […]
Andrew Sadauskas
Andrew Sadauskas

Dell has revealed its future is in the enterprise market, rather than in as a smartphone or consumer device manufacturer.

Founder Michael Dell has revealed the companyโ€™s new direction in an interview with business news channel CNBC.

During the interview, Dell identified five key areas of focus for the company, including enterprise solutions, increased sales capacity, a emerging markets, clients for cloud computing services (both PCs and tablets), and customer service.

โ€œIt’s really about changing our focus from a quarterly focus to a longer term, five-year, 10-year focus, doubling down on the investments,โ€ Dell said.

โ€œOur main business is helping our customers secure and protect their data, and access it from any device they want to.โ€

Late last week, Michael Dell and private equity firm Silver Lake Partners won a key shareholder vote allowing them to take embattled tech giant Dell private.

In January, news first surfaced of the Microsoft-backed Silver Lake consortium bid, with the shareholders offered $US24.4 billion, or $US13.65 per share, in exchange for taking the company private.

However, a counter-offer from colourful investor Carl Icahn soon emerged, with Dell shareholders offered a leveraged recapitalisation plan.

The deal is expected to close before the end of the 2014 financial year.