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Consumer Electronics

Dell Back In FULL Control; Rollins is Out!

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By Douglas A. McIntyre Updated Published
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Dell Inc. (DELL-NASDAQ) announced today that MICHAEL DELL will assume the duties of Chief Executive Officer, effective immediately. Mr. Dell, who will retain his duties as Chairman of the Board, will replace Kevin Rollins.

This is not new news if you have read us in one of our ten CEO’s that needed to go, and media reports have also been pointing to Rollins needing to leave.  It isn’t without bad news, because DELL also said that it expects its fourth quarter Fiscal Year 2007 results to be below the average of First Call estimates for both revenue and earnings per share.

The focus is going to be on Michael taking back control, and it will be on his vision. I don’t really care about the warning, I care that Michael Dell is back in charge.  A warning is not good, but the focus should be that the company is back in the right man’s hands.  That is why we said Michael Dell was one of the most entrenched positions on the street, and he’s just the right guy for the job.

If this one gets beaten up after they re-open it because of the guidance; then it should be just a better long-term opportunity after the dust settles.  CNBC’s Maria Bartoromo just asked a guest how long Michael Dell would have to show he can turn it around, which is fairly ludicrous.  I would bet money on a Michael Dell being the best man for the job any day of the week.

Jon C. Ogg
January 31, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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