Dell CEO sees sales rising to $90-$100 bln

This doesn’t sound like a company that’s in trouble to me:

Dell, the world’s biggest maker of personal computers, sees its annual sales almost doubling to as much as $100 billion, its chief executive told Germany’s Sueddeutsche Zeitung newspaper.
“We will reach our great goal, 80 billion dollars in sales — and more. I have absolutely no doubt that we can manage 90 or 100 billion dollars,” Kevin Rollins said in an interview released on Monday ahead of publication on Tuesday.
Rollins has been trying to stem a slide in revenue growth at Dell after the company lowered prices on entry-level consumer computers last year and twice missed analysts’ sales forecasts.
He told the newspaper that Dell’s future remained with sales to businesses, which accounted for about 85 percent of last year’s $55.9 billion in sales.

Rollins added this:

Rollins also predicted that Dell would be one of a handful of PC makers including Hewlett-Packard and Lenovo Group Ltd. who would survive a wave of consolidation in the industry amid stiff price competition.
“The list of victims of the price war is already long: Compaq, IBM, Vobis, Escom, Gericom — to name just a few. But I expect that the end of consolidation is still a long way off,” Rollins told the newspaper.

Posted by on March 6th, 2006 at 1:01 pm


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