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Press Release
No mergers or acquisitions in pipeline for Dell
BritishAmerican Business Inc Breakfast with Michael Dell of Dell Computer
Corp.
 London –
November 8, 2002. Michael Dell, Chairman and CEO of Dell Computer
Corporation, addressed over 200 guests at a special breakfast this morning
hosted by BritishAmerican Business Inc (BritishAmerican Business), the leading transatlantic
business organisation.
At the breakfast, held at The Berkeley hotel in London, Michael Dell
took part in an interview with Eric Pfanner, UK Bureau Chief for the
International Herald Tribune, and a lengthy Q&A session afterwards.
Dell expressed his dislike of mergers and acquisitions in the
interview, claiming that: “We have a very unique business model and a
unique culture, and the prospect of screwing that up by smashing our
company together with another company is not my idea of a good time.”
Dell also expressed his concerns that other people would copy their
business model innovations: “If they succeed – or when they succeed,
because we’ve always assumed that people will copy our business model
innovations – I think the question is: who’s going to be better at it
then? If somebody comes up with something better than we have, then we’re
in serious trouble. Our job is to outthink the other guys, out innovate
the other guys. And quite frankly, we live in constant fear. And that’s
what drives us.”
Michael Dell, who, in 1992, became the youngest ever CEO of a Fortune
500 company, founded Dell 18 years ago with $1,000. Dell’s sales have
grown to $32.1 billion and the company employs 36,000 people worldwide.
Michael Dell was welcomed by Ian Stopps, Deputy Chairman of BritishAmerican Business and
Chief Executive of Lockheed Martin UK. The event was sponsored by Morgan
Stanley.
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