Dell Inc. bridges the digital divide! Founded in 1984 and headquartered in Round Rock, TX, Dell Inc. (NASDAQ: DELL) is a leading technology company which manufactures a broad range of products including desktop computers, storage, servers and networking products, mobility products, and other services. The company caters to corporate, government, healthcare and education accounts, small-to-medium businesses, and individual customers. Its manufacturing and distribution facilities are located in Texas, North Carolina, Tennessee, Nevada, and others. It operates internationally in Ireland, Malaysia, China, Brazil, India and Poland. It had 2008 revenue of about $61.1 billion and has about 76,500 employees.
INDUSTRY TYPE: Computer Products Developer, Mfr & Sales

Over the last 10 years your company grew revenue from $12 billion to $61 billion – a remarkable achievement by any count. In fact, in terms of organic growth we stand apart as the fastest-growing technology company in history. But it is also fair to say that as we got to the end of that 10-year period, our strategy wasn't working as well as it had previously. Moreover, as we evolved we lost focus and allowed our cost structure to become non-competitive. As I returned as your CEO just more than a year ago we undertook a thorough process to reevaluate every element of our business. We listened hard to our customers, employees and partners. And we began a significant evolution that is delivering positive results. Last year, we generated $61 billion in revenue and grew our earnings per share by 15 percent to $1.31. At the end of the year, we were again the No. 1 supplier of personal computer systems in the United States and the No. 2 supplier worldwide. Unit shipments were up nearly 19 percent in FY08 Q4, and according to industry estimates we have begun the current year growing faster than the industry. We continued to maintain strong liquidity with cash flows from operations of $3.9 billion, and we believe our ability to generate cash flow from operations on an annual basis will continue to be solid. During fiscal 2008 we invested $4 billion on share repurchases and a net $2.2 billion on strategic acquisitions. We ended fiscal 2008 with $9.5 billion in cash and investments compared with $12.4 billion at the end of fiscal 2007. We are committed to a long-term share repurchase program as part of an overall capital allocation plan to support growth and to return value to shareholders. In December 2007, our Board of Directors approved an additional $10 billion for share repurchases.