No. 2 PC maker Dell Inc. is getting hammered by the global economic downturn. After Dell projected more
"softening demand" on Aug. 28, its share price tumbled and has yet to recover. At the time, it reported continued conservatism in IT spending in the U.S., which had extended into Western Europe and several countries in Asia. Now,
Dell will try reorganizing itself globally around three major customer segments:
- Large enterprise, led by Steve Schuckenbrock, currently president, global services, and chief information officer.
- Public sector, led by Paul Bell, president, Dell Americas.
- Small and medium businesses, led by Steve Felice, currently president, Dell Asia-Pacific and Japan.
Tech Ticker argues that departing executives are taking the fall for the failure of CEO Michael Dell, who returned to the company in early 2007 and
hasn't been able to do anything to save it. That's why Mike Cannon, president of global operations, will retire from on Jan. 31, and chief marketing officer Mark Jarvis is leaving.
Cannon will be succeeded by Jeff Clarke, who, in addition to his responsibilities as head of Dell's business client product group, will become vice chairman, global operations. Jarvis is being replaced by Erin Nelson, formerly vice president of marketing, Dell Europe, Middle East and Africa.
Dell's shares were down slightly to $10.21 in the last day of trading for 2008. That was off a 52-week high of $26.04. -
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