Dell Eyes Acquisitions in Services, Data Center and Storage
Dell is facing threats on all fronts - PCs, storage, servers and services. Yet, CEO Michael Dell isn't conceding defeat and says the vendor will use its cash reserves to make strategic acquisitions in storage, servers and services.Dell won't sit on the sidelines as Cisco Systems gears up its blade server strategy and IBM pursues Sun Microsystems for its data center assets. At a press conference in Beijing, CEO Michael Dell says the company that bears his name is actively eying acquisitions to give it greater enterprise capabilities in servers, storage, software, data center infrastructure and IT services. "If you look in the last few years at the acquisitions we have made, it really has been focused in those areas," Dell said at the press conference.
Dell didn't elaborate on specific acquisition targets or timing.