Earlier today I had run an article about Kevin Rollins needing to leave Dell or he should GET LEFT by Dell. Dell (DELL) tonight announced it was delaying another quarterly filing because of its ongoing SEC investigation. Below is what was noted, but the fact that they just initially indicated this as a small asterisk before coming clean about the extent of it is just one more reason why Rollins must go.
HERE is a link to the article.
Rollins needs to go on one of those round-the-world cruises and he needs to just stay on the boat indefinitely. Michael Dell needs to retake the helm, and afterall the company isn’t named ROLLINS INC. is it….. Not only does this need to happen, but this needs to happen before they go to Davos in early 2007 so Michael Dell can re-establish the supreme leader position there. Kevin Rollins just doesn’t have the trust of Wall Street and since he took over DELL managed to lose the position of the PC-Leader status. The street knows Michael Dell and they respect him, so now it really boils down to if he wants to step back in. He can sell his stock at $15.00 or at $35.00, and the net net result is that he’ll be a self-made billionaire and have more money than he could easily spend in a series of lifetimes. So he might not want it.
The customer service issues have not gone away, even if they are said to be better. Rollins may get saved since the stock has recovered roughly 40% from its extreme lows, but the street doesn’t trust him. His sincerity of saying that things need to improve didn’t really hold much credence after the SEC investigation blunder. The recent guidance beating the entire negative bias of the street may also act as a safety net for him, but it looks like the street would still rather have Henry Rollins (the singer) in charge instead of Kevin Rollins. The stock would probably pop at least $1.00 if a headline hit during the market day starting "Michael Dell Takes Back the Helm."
Jon C. Ogg
December 14, 2006
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