Feb 5 Twenty-nine years after its founding,
iconic computer maker Dell Inc agreed to a $24.4
billion deal to go private on Tuesday. The $13.65-per-share deal
for the world's third-largest computer maker involves chairman
Michael Dell, private equity firm Silver Lake and Microsoft Corp
Here is a look at Dell's 28-year journey:
1984 - Michael Dell, a 19-year-old, pre-med college freshman
starts selling computers built from stock components out of his
dorm room at the University of Texas in Austin. He later drops
out to focus on the business he names "PC's Limited."
1985 - PC's Limited creates a 10-megabyte personal computer,
the Turbo PC, with a pricetag of $795, undercutting IBM's
costlier machines. The business expands to set up its
first international subsidiary two years later in Britain.
1988 - PC's Limited changes its names to Dell Computer Corp
and goes public, raising $30 million and increasing its market
capitalization to $85 million. Its shares debut at $8.50, or a
cumulative split-adjusted price of 9 cents.
1989 - First laptop computer, the 316LT, goes on sale.
1990 - Dell opens a manufacturing center in Limerick,
Ireland, to serve Africa, Europe and the Middle East.
1992 - Company debuts on Fortune 500, making Michael Dell the
youngest CEO on the list at the time, at age 27.
1995 - Dell goes global, expanding to Asia, Japan, Europe and
1996 - Dell.com launches, hits $1 million in daily sales in
1997 - Second manufacturing center in Texas opens, ships its
2000 - Dell.com's online sales hit $40 million a day.
2001 - Dell becomes No. 1 computer systems provider
2002 - HP merges with Compaq to take No.1 spot in PC sales.
Dell soon regains its top spot.
2003 - Company renamed Dell Inc.
2004 - Michael Dell resigns as CEO but retains position as
chairman to focus on his philanthropic foundation.
Then-President and COO Kevin Rollins ascends.
2005 - Growth begins to slow and stock starts losing
2006 - A battery recall after a Dell laptop catches fire
dents its image. After several quarters when its results missed
Wall Street expectations, HP displaces Dell as No. 1 PC seller
in the fourth quarter.
2007 - Rollins resigns and Michael Dell returns as CEO.
2009 - Dell acquires Perot Systems for $3.9 billion and
launches Dell Services to drive its end-to-end IT services
business. It also enters the smartphone market with the Mini 3i
from China Mobile.
2010 - Dell starts selling the Streak, a 5-inch tablet,
subsequently considered a flop. Goes on an acquisition spree and
snaps up companies in storage, systems management, cloud
computing and software: Boomi, Exanet, InSite One, KACE, Ocarina
Networks, Scalent and Compellent.
2011 - Acquires Secure Works, RNA Networks and
Force10 Networks, rounding out its enterprise capability.
2012 - Makes another half dozen acquisitions including
storage protection company Credant Technologies and software
manufacturer Quest Software.
Later that year, the world's No. 3 PC maker enters talks
with private equity firms on potential buyout deal.
2013 - Dell agrees to be taken private for $24.4 billion, or
$13.65 per share, in a deal that involves private equity firm
Silver Lakes, Microsoft Corp, and its Chairman Michael Dell.