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111-575: In August 2011, Dell completed the acquisition of Force10 and changed the name to Dell Force10. In mid 2013, the Force10 designation was dropped from the products in favor of the data center networking line of the Dell Networking brand, and some of the other product lines were sold. The company was founded by PK Dubey, Naresh Nigam and Som Sikdar. It was named by founder Som Sikdar, an avid sailor , after Beaufort Force 10 (Storm, Whole gale) on

222-549: A $ 5.5 billion price and was offered in cash. It was delayed for review by the Committee on Foreign Investment in the United States . On 2 November 2017, Broadcom announced it would relocate its legal address from Singapore to Delaware, which would avoid the review. This action was linked to the parent company being renamed from Broadcom Limited to Broadcom Inc. The pre-2016-merger Broadcom, Broadcom Corporation , remains

333-504: A 100% passive backplane: according to the company this results in a backplane that is more energy efficient and allows to use the same backplane for much higher speeds: the company uses the same backplane when the maximum speed of ports was 10 Gbit/s as the current 40 Gbit/s and is ready for 100 Gbit/s. The backplane designed for their Terascale switches in 2004 is the same as the Exascale systems in 2012. The clockspeed used on

444-741: A Dell press release stated that starting in September, Dell Dimension desktop computers would have AMD processors and that later in the year Dell would release a two-socket, quad-processor server using AMD Opteron chips, moving away from Dell's tradition of only offering Intel processors in Dell PCs. CNET 's News.com on August 17, 2006, cited Dell's CEO Kevin Rollins as attributing the move to AMD processors to lower costs and to AMD technology. AMD's senior VP in commercial business, Marty Seyer, stated: "Dell's wider embrace of AMD processor-based offerings

555-596: A Voluntary Separation Program that they expected to reduce their workforce by up to seven percent. The reception to the program so exceeded the expectations that Dell may be forced to hire new staff to make up for the losses. On November 19, 2015, Dell, alongside Arm Holdings , Cisco Systems , Intel , Microsoft , and Princeton University , founded the OpenFog Consortium , to promote interests and development in fog computing . On October 12, 2015, Dell Inc. announced its intent to acquire EMC Corporation in

666-514: A bid to host it. Less than a year later, Dell planned to double its workforce to nearly 3,000 workers add a new building. These plans were reversed, due to a high Canadian dollar that made the Ottawa staff relatively expensive, and also as part of Dell's turnaround, which involved moving these call-center jobs offshore to cut costs. The company had also announced the shutdown of its Edmonton , Alberta , office, losing 900 jobs. In total, Dell announced

777-425: A cash-and-stock deal valued at $ 67 billion (equivalent to $ 84,210,000,000 in 2023), which has been considered the largest-ever acquisition in the technology sector. As part of the acquisition, Dell would take over EMC's 81% stake in the cloud-computing and virtualization company VMware . This would combine Dell's enterprise server, personal computer, and mobile businesses with EMC's enterprise storage business in

888-477: A cash-and-stock transaction valued at $ 69 billion. The acquisition was closed on November 22, 2023. The company that would later become Broadcom Inc. was established in 1961 as HP Associates , a semiconductor products division of Hewlett-Packard . The division separated from Hewlett-Packard as part of the Agilent Technologies spinoff in 1999. KKR and Silver Lake Partners acquired

999-427: A change campaign called "Dell 2.0," reducing the number of employees and diversifying the company's products. While chairman of the board after relinquishing his CEO position, Michael Dell still had significant input in the company during Rollins' years as CEO. With the return of Michael Dell as CEO, the company saw changes in operations, the exodus of many senior vice-presidents and new personnel brought in from outside

1110-448: A commitment not to enter into such agreements for seven years. In 2017, Broadcom filed patent suits against smart TV manufacturers. The U.S. International Trade Commission ruled in favor of the smart TV manufacturers. In 2020, Broadcom sued Netflix over multiple patent infringements. Critics have argued that Broadcom is suing Netflix for being more successful, citing the declining number of traditional pay television subscribers due to

1221-485: A few months to improve on this and rolled out DellConnect to answer customer inquiries more quickly. In July 2006, the company started its Direct2Dell blog, and then in February 2007, Michael Dell launched IdeaStorm.com, asking customers for advice including selling Linux computers and reducing the promotional "bloatware" on PCs. These initiatives did manage to cut the negative blog posts from 49% to 22%, as well as reduce

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1332-629: A market value of $ 77 billion. Broadcom Corp. strengthened Avago Technologies' patent position significantly in sectors such as mobile, the data center, and the Internet of Things and made the company the ninth largest holder of patents among the top semiconductor vendors, according to an analysis by technology consulting firm LexInnova . According to the company's website, the transaction closed on 1 February 2016. In May 2016, Cypress Semiconductor announced that it will acquire Broadcom Corporation's full portfolio of IoT products for $ 550 million. Under

1443-490: A maximum speed of 8 MHz. PC's Limited marketed these systems through national computer magazines, selling directly to consumers while custom-assembling each unit based on a range of options. This approach allowed them to offer competitive prices compared to retail brands, coupled with the convenience of pre-assembled units, making them one of the early success stories of this business model. The company grossed over $ 73 million in its first year of operation. The company dropped

1554-411: A move that would eventually occur over 12 years later. In 2003, at the annual company meeting, the stockholders approved changing the company name to "Dell Inc." to recognize the company's expansion beyond computers. In 2004, the company announced that it would build a new assembly-plant near Winston-Salem , North Carolina ; the city and county provided Dell with $ 37.2 million in incentive packages;

1665-437: A negative impact on Dell and other major PC vendors, as consumers switched away from desktop and laptop PCs. Dell's own mobility division has not managed success with developing smartphones or tablets, whether running Windows or Google Android . The Dell Streak was a failure commercially and critically due to its outdated OS, numerous bugs, and low resolution screen. InfoWorld suggested that Dell and other OEMs saw tablets as

1776-412: A reputation as a company that relied upon supply chain efficiencies to sell established technologies at low prices, instead of being an innovator. By the mid-2000s many analysts were looking to innovating companies as the next source of growth in the technology sector. Dell's low spending on R&D relative to its revenue (compared to IBM , Hewlett-Packard , and Apple Inc. )—which worked well in

1887-432: A restructuring in 2016. Founded by Michael Dell in 1984, Dell started making IBM clone computers and pioneered selling cut-price PCs directly to customers, managing its supply chain and electronic commerce . The company rose rapidly during the 1990s and in 2001 it became the largest global PC vendor for the first time. Dell was a pure hardware vendor until 2009 when it acquired Perot Systems . Dell then entered

1998-421: A result of this hostile takeover." However, critics of the move stated that the decision was motivated by competitiveness more than security concerns. Broadcom withdrew its takeover bid two days after the executive order. Observers have stated that President Trump's decision was as consistent with the balance of trade objectives as it was with security concerns. Historically a semiconductor-based-only company,

2109-554: A result, the company was selling a greater proportion of inexpensive PCs than before, which eroded profit margins. The laptop segment had become the fastest-growing of the PC market, but Dell produced low-cost notebooks in China like other PC manufacturers which eliminated Dell's manufacturing cost advantages, plus Dell's reliance on Internet sales meant that it missed out on growing notebook sales in big box stores. CNET has suggested that Dell

2220-460: A share. In 1989, Dell Computer set up its first on-site service programs in order to compensate for the lack of local retailers prepared to act as service centers. In 1990, Dell Computer tried selling its products indirectly through warehouse clubs and computer superstores, but met with little success, and the company re-focused on its more successful direct-to-consumer sales model. In 1992, Fortune included Dell Computer Corporation in its list of

2331-698: A short-term, low-investment opportunity running Google Android , an approach that neglected user interface and failed to gain long term market traction with consumers. Dell has responded by pushing higher-end PCs, such as the XPS line of notebooks, which do not compete with the Apple iPad and Kindle Fire tablets. The growing popularity of smartphones and tablet computers instead of PCs drove Dell's consumer segment to an operating loss in Q3 2012. In December 2012, Dell suffered its first decline in holiday sales in five years, despite

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2442-465: A significant Vertical merger of IT giants. Dell would pay $ 24.05 per share of EMC, and $ 9.05 per share of tracking stock in VMware . The announcement came two years after Dell Inc. returned to private ownership, claiming that it faced bleak prospects and would need several years out of the public eye to rebuild its business. It was thought that the company's value had roughly doubled since then. EMC

2553-418: A strong performance from its artificial intelligence unit that sent shares up nearly 40%, its highest daily gain since the company went public in 2018. In August 2024, the company announced it would be laying off 12,500 employees—10% of its workforce—in order to invest in artificial intelligence initiatives. When Dell acquired Alienware early in 2006, some Alienware systems had AMD chips. On August 17, 2006,

2664-574: A student at the University of Texas at Austin , operating from Michael Dell's off-campus dormitory room at Dobie Center . The start-up aimed to sell IBM PC compatible computers built from stock components. Michael Dell started trading in the belief that, by selling personal computer systems directly to customers, PC's Limited could better understand customers' needs and provide the most effective computing solutions to meet those needs. Dell dropped out of college upon completion of his freshman year at

2775-416: A time but struggled and Dell soon regained its lead. Dell grew the fastest in the early 2000s. In 2002, Dell expanded its product line to include televisions, handhelds , digital audio players, and printers . Chairman and CEO Michael Dell had repeatedly blocked President and COO Kevin Rollins's attempt to lessen the company's heavy dependency on PCs, which Rollins wanted to fix by acquiring EMC Corporation;

2886-474: A wholly owned subsidiary of the renamed parent Broadcom Inc. In mid-November 2017, Broadcom proposed to purchase Qualcomm for US$ 130 billion, which was rebuffed by Qualcomm's board. The proposed hostile takeover, which was later revised to $ 117 billion, was blocked by the Trump administration by an executive order that cited national security concerns. Specifically, the Committee on Foreign Investment in

2997-619: Is a programmable Ethernet switch chip that has up to 10  Tbit/s switching capacity per device. Tomahawk 3 series supports high-density, standards-based 400GbE, 200GbE, and 100GbE switching and routing for hyperscale cloud networks. Broadcom divulged that it is bringing two variants of the Tomahawk-3 to market. The first can provide up to 12.8 Tbit/s total chip bandwidth and contains 256 integrated SerDes, supporting 32 ports at 400  Gbit/s , 64 ports at 200 Gbit/s , and 128 ports at 100 Gbit/s . The second variant of

3108-570: Is a wholly owned subsidiary of Jabil Circuit, Inc. of St. Petersburg, FL. iQor of St. Petersburg, FL, announced, in December 2013, the acquisition of the Jabil/Telmar Network Technology Aftermarket Services business, including the extended life products (from Alcatel, DECS, Force10/Turin, Transport Access products) and all of Telmar Network Technology. It continued support and development of

3219-553: Is a win for Dell, for the industry and most importantly for Dell customers." On October 23, 2006, Dell announced new AMD-based servers — the PowerEdge 6950 and the PowerEdge SC1435. Broadcom Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve

3330-486: Is also the largest technology buyout ever, surpassing the 2006 buyout of Freescale Semiconductor for $ 17.5 billion (equivalent to $ 25,450,000,000 in 2023). Michael Dell said of the February offer "I believe this transaction will open an exciting new chapter for Dell, our customers and team members". Dell rival Lenovo responded to the buyout, saying, "the financial actions of some of our traditional competitors will not substantially change our outlook." In March 2013,

3441-635: Is also the sixth-largest company in Texas by total revenue, according to Fortune magazine. It is the second-largest non-oil company in Texas. As of 2024, it is the world's third-largest personal computer vendor by unit sales, after Lenovo and HP . In 2015, Dell acquired the enterprise technology firm EMC Corporation , together becoming divisions of Dell Technologies. Dell EMC sells data storage, information security, virtualization , analytics, and cloud computing . Michael Dell founded Dell Computer Corporation, doing business as PC's Limited in 1984 while

Force10 - Misplaced Pages Continue

3552-683: The Beaufort scale for wind speeds, indicating a storm with high speed winds, and matched their focus on 10 Gigabit Ethernet switching and routing products. In January 2009, Force10 was acquired by Turin Networks (Founded by Philip Yim), which had previously purchased Carrier Access Corporation and White Rock Networks. Carrier Access Corporation itself had previously purchased Mangrove Systems and White Rock Networks had previously purchased Seranoa Networks. On July 20, 2011 Dell announced it intended to fully acquire Force10 for an undisclosed amount. With

3663-486: The Blackstone Group and Carl Icahn expressed interest in purchasing Dell. In April 2013, Blackstone withdrew their offer, citing deteriorating business. Other private equity firms such as KKR & Co. and TPG Capital declined to submit alternative bids for Dell, citing the uncertain market for personal computers and competitive pressures, so the "wide-open bidding war" never materialized. Analysts said that

3774-701: The PC's Limited name in 1987 to become Dell Computer Corporation and began expanding globally. The reasoning was that this new company name better reflected its presence in the business market, and also resolved issues with the use of "Limited" in a company name in certain countries. The company set up its first international operations in Britain; 11 more followed within the next four years. In June 1988, Dell Computer's market capitalization grew by $ 30 million to $ 80 million (equivalent to $ 177,850,000 in 2023) from its June 22 initial public offering of 3.5 million shares at $ 8.50

3885-544: The U.S. Federal Trade Commission claimed that the company abused its monopoly power using restrictive contract terms and threats of retaliation against customers the company deemed "disloyal." The company faced a similar antitrust proceeding with the European Commission , which was settled after Broadcom committed to refrain from certain business practices. This included a commitment to suspend agreements containing exclusivity or quasi-exclusivity arrangements and

3996-574: The UK 's Competition and Markets Authority regulator announced it would investigate whether the Broadcom Inc. acquisition of VMware Inc. would "result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services". The European Commission also said it was investigating the proposed acquisition, and as a result, Broadcom and VMware extended

4107-453: The "Dell Hell" prominent on Internet search engines. There was also criticism that Dell used faulty components for its PCs, particularly the 11.8 million OptiPlex desktop computers sold to businesses and governments from May 2003 to July 2005 that suffered from faulty capacitors . A battery recall in August 2006, as a result of a Dell laptop catching fire, caused much negative attention for

4218-693: The Asian PC vendors had been improving their quality and design—for instance, Lenovo's ThinkPad series was winning corporate customers away from Dell's laptops—Dell's customer service and reputation had been slipping. Dell remained the second-most profitable PC vendor, as it took 13 percent of operating profits in the PC industry during Q4 2012, behind Apple's Mac that took 45 percent, seven percent at Hewlett Packard, six percent at Lenovo and Asus, and one percent for Acer. Dell attempted to offset its declining PC business, which still accounted for half of its revenue and generates steady cash flow, by expanding into

4329-543: The Baylor College of Medicine. Dell Dell Inc. is an American technology company that develops, sells, repairs, and supports personal computers (PCs), servers , data storage devices , network switches , software , computer peripherals including printers and webcams among other products and services. Based in Round Rock, Texas , Dell is owned by its parent company Dell Technologies since

4440-913: The Broadcom part of the Broadcom Corporation name after acquiring it in January 2016. The ticker symbol AVGO which represented old Avago now represents the newly merged entity. The Broadcom Corporation ticker symbol BRCM was retired. At first the merged entity was known as Broadcom Limited , before assuming the present name in November 2017. In October 2019, the European Union issued an interim antitrust order against Broadcom concerning anticompetitive business practices which allegedly violate European Union competition law . In May 2022, Broadcom announced an agreement to acquire VMware in

4551-591: The E-series, used the Broadcom Trident+ ASICs or other Broadcom-based Asics for the 1 Gbit/s models. The E-series used a Force10 proprietary ASIC. All layer2 / layer3 switches in a spine/leaf architecture. This architecture is used within a switch, where the communication goes via the internal backplane and the concept of the Z-series uses the same system for the distributed core between

Force10 - Misplaced Pages Continue

4662-613: The MXL multi-layer switches Dell also offers the IO Aggregator offering 32 x 10Gbase KR internal ports and 2 x 40 Gbit/s QSFP+ uplink ports and 2 slots for either dual-port QSFP+ or quad port SFP+ fiber or 10GBaseT copper uplink ports All Dell Force10 series Ethernet switches ran the FTOS or Force10 Operating System, but some switches are compatible with Open Compute Project Open Network Linux. All 10 Gbit/s products, except for

4773-465: The NASDAQ and Hong Kong Stock Exchange and taken it private. Reuters reported that Michael Dell and Silver Lake Partners , aided by a $ 2 billion loan from Microsoft , would acquire the public shares at $ 13.65 apiece. The $ 24.4 billion buyout was projected to be the largest leveraged buyout backed by private equity since the 2007–2008 financial crisis (equivalent to $ 34,550,000,000 in 2023). It

4884-702: The North American market, including the Mort Topfer Manufacturing Center in Austin, Texas (original location) and Lebanon, Tennessee (opened in 1999) in 2008 and early 2009, respectively. The desktop production plant in Winston-Salem, North Carolina , received US$ 280 million in incentives from the state and opened in 2005 (equivalent to $ 419,900,000 in 2023), but ceased operations in November 2010. Dell's contract with

4995-653: The P-Series security appliances. In 2007 Force10 announced it had a patent relevant for 100 Gigabit Ethernet switching. Force10 Networks uses NetBSD as the underlying operating system that powers FTOS (the Force10 Operating System). In 2013 the name FTOS will be replaced by DNOS as the generic operating system name for all Dell Networking portfolio. Force10 made a donation to the NetBSD Foundation in 2007 to help further research and

5106-775: The S4810 to 3.3 microseconds for the copper-based S4820. The S4810, S4820 and the MXL or M-I/O switches use the Broadcom Trident+ ASIC. This is the same ASIC as used in the Dell PowerConnect 8100 series but running the FTOS operating system, while the PowerConnect 8100 series runs a Broadcom built firmware. In June 2013 the S5000 series switches were announced. This switch was the first switch to display

5217-641: The Semiconductor Products Group of Agilent Technologies in 2005 for $ 2.6 billion and formed Avago Technologies. Avago Technologies agreed to sell its I/O solutions unit to PMC-Sierra for $ 42.5 million in October 2005. In August 2008, the company filed an initial public offering of $ 400 million. In October 2008, Avago Technologies acquired Infineon Technologies' Munich-based bulk acoustic wave business for €21.5 million. On 6 August 2009, Avago Technologies went public on NASDAQ with

5328-432: The Tomahawk-3 has 160 of the 256 SerDes available and delivers 8 Tbit/s of aggregate bandwidth. Broadcom is suggesting 80 ports at 100 Gbit/s ; or 48 ports at 100 Gbit/s plus either 8 ports at 400 Gbit/s or 16 ports at 200 Gbit/s ; or 96 ports at 50 Gbit/s plus either 8 ports at 400 Gbit/s or 16 ports at 200 Gbit/s . The Tomahawk 4 reached a speed of 25.6 Tbit/s while

5439-529: The Traverse, TraverseEdge, TransAccess, TransNav, Adit, WideBank, and Broadmore products supporting Telecommunications companies worldwide in all applications from Digital cross connect system (DCS), SONET/SDH Optical transport to network access. Force10 Networks has several product lines: Ethernet switches are marketed in four series, and other networking equipment for telecommunication providers and metropolitan networks: The main product line for Dell Force10

5550-490: The United States expressed concerns. Broadcom, then headquartered in Singapore, was considered too close to China and chipmaker Huawei . "A shift to Chinese dominance in 5G would have substantial negative national security consequences for the United States," CFIUS said. "While the United States remains dominant in the standards-setting space currently, China would likely compete robustly to fill any void left by Qualcomm as

5661-506: The University of Texas in order to focus full-time on his fledgling business, after getting about $ 1,000 in expansion-capital from his family. As of April 2021, Dell's net worth was estimated to be over $ 50 billion (equivalent to $ 55,470,000,000 in 2023). In 1985, PC's Limited launched its first computer, the "Turbo PC," priced at US$ 795 (equivalent to $ 1,913 in 2023). The Turbo PC featured an Intel 8088-compatible processor with

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5772-425: The acquisition of CA Technologies. On 9 August 2019, news sources reported that Broadcom had decided to acquire the enterprise security business of Symantec Corporation (the consumer software portion of which is now known as Gen Digital ) for $ 10.7 billion in cash. The deal continued Broadcom's push into software critical for corporate infrastructure. And on 4 November 2019, Broadcom announced that it had completed

5883-504: The acquisition of the business, as well as the Symantec name and brand. In 2019, Broadcom was announced the fifth best performing stock of the 2010s, with a total return of 1,956%. On January 17, 2018, it was reported that the FTC had been investigating Broadcom for several months in regard to its anti-competitive tactics while negotiating with customers. In October 2019, Broadcom

5994-691: The acquisition, Dell offered products for the data center where Dell focuses on the Ethernet switches. Dell Force10 continued to offer their non-Ethernet backhaul and metro-access platforms as well. Telmar Network Technology of Plano, Texas, announced the acquisition of the Force10 Turin transport product lines from Dell in May, 2013, and has resumed support and development of the Traverse, TraverseEdge, TransAccess, TransNav, MasterSeries, Adit, Wide Bank, and Broadmore products. Telmar Network Technology, Inc.

6105-1370: The backplane was governed by the routing or switching-modules, allowed by the lack of any active components on the backplane. The chassis based datacenter core-switches (E-series) uses far less power then direct competitors like the Cisco Nexus 7000 or the Juniper EX8216 : fully utilized with 1 Gbit/s ports the Force10 E1200i uses 4.77 Watt per Gbps throughput where the Nexus uses 9.28 Watt and Juniper 6.15. Similar differences can also be seen when using all 10 Gbit/s ports (F10: 3.34 Watt per Gbps, Nexus: 7.59 Watt and Juniper 4.69 Watt] Force10 customers include enterprises in industries such as media, financial services, oil and gas, Web 2.0, and gaming. Service providers, including Internet exchanges, wholesale providers, cable operators, and content delivery providers. Force10 customers include Microsoft , Google , Facebook , LexisNexis , Zynga , Level(3), TATA Communications (formerly VSNL, Teleglobe), Mzima Networks , Stealth Communications , Yahoo! , isoHunt , Sega , NYSE Euronext , Veritas DGC, Equinix, CERN , NOAA , University College London Networks Research Group, and

6216-400: The biggest challenge facing Silver Lake would be to find an "exit strategy" to profit from its investment, which would be when the company would hold an IPO to go public again, and one warned "But even if you can get a $ 25bn enterprise value for Dell, it will take years to get out." In May 2013, Michael Dell joined his board in voting for the offer. The following August he reached a deal with

6327-399: The commoditized PC market—prevented it from making inroads into more lucrative segments, such as MP3 players and later mobile devices. Increasing spending on R&D would have cut into the operating margins that the company emphasized. Dell had done well with a horizontal organization that focused on PCs when the computing industry moved to horizontal mix-and-match layers in the 1980s, but by

6438-464: The company came under an SEC probe for its accounting practices. On April 23, 2008, Dell announced the closure of one of its biggest Canadian call-centers in Kanata, Ontario , terminating approximately 1100 employees, with 500 of those redundancies effective on the spot, and with the official closure of the center scheduled for the summer. The call-center had opened in 2006 after the city of Ottawa won

6549-411: The company issued a preliminary quarterly earnings report showing gross sales of $ 14.4 billion, down 5% year-over-year, and net income of $ 687 million (30 cents per share), down 33%. Net earnings would have declined even more if not for the effects of eliminated employee bonuses, which accounted for six cents per share. NASDAQ extended the company's deadline for filing financials to May 4. Dell announced

6660-444: The company though later, Sony was found responsible for the manufacturing of the batteries, however a Sony spokesman said the problem concerned the combination of the battery with a charger, which was specific to Dell. 2006 marked the first year that Dell's growth was slower than the PC industry as a whole. By the fourth quarter of 2006, Dell lost its title of the largest PC manufacturer to Hewlett Packard whose Personal Systems Group

6771-399: The company was consistently meeting Wall Street earnings targets and reducing its operating expenses." Dell, inc. was fined $ 100 million, with Michael Dell personally fined $ 4 million. After four out of five quarterly earnings reports were below expectations, Rollins resigned as president and CEO on January 31, 2007, and founder Michael Dell assumed the role of CEO again. On March 1, 2007,

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6882-653: The company was the ninth-largest semiconductor company. Avago Technologies agreed to sell LSI's Axxia Networking business to Intel for $ 650 million. The company also agreed to buy PLX Technology , an integrated circuits designer, for $ 309 million. In February 2015, it was announced that Avago Technologies Limited had reached an agreement to acquire Emulex Corporation for $ 8 per share in cash. On 28 May 2015, Avago announced that it would buy Broadcom Corporation for $ 37 billion ($ 17 billion cash and $ 20 billion in shares). The combined company, which would be named Broadcom Ltd., would have annual revenue of $ 15 billion and

6993-430: The company. Michael Dell announced a number of initiatives and plans (part of the "Dell 2.0" initiative) to improve the company's financial performance. These include elimination of 2006 bonuses for employees with some discretionary awards, reduction in the number of managers reporting directly to Michael Dell from 20 to 12, and reduction of " bureaucracy ". Jim Schneider retired as CFO and was replaced by Donald Carty , as

7104-431: The computer hardware manufacturer Alienware in 2006. Dell Inc.'s plan anticipated Alienware continuing to operate independently under its existing management. Alienware expected to benefit from Dell's efficient manufacturing system. In 2005, while earnings and sales continued to rise, sales growth slowed considerably, and the company stock lost 25% of its value that year. By June 2006, the stock traded around US$ 25 which

7215-624: The corporate PC market, which purchases PCs in upgrade cycles, had largely decided to take a break from buying new systems. The last cycle started around 2002, three or so years after companies started buying PCs ahead of the perceived Y2K problems, and corporate clients were not expected to upgrade again until extensive testing of Microsoft's Windows Vista (expected in early 2007), putting the next upgrade cycle around 2008. Heavily dependent on PCs, Dell had to slash prices to boost sales volumes, while demanding deep cuts from suppliers. Dell had long stuck by its direct sales model. Consumers had become

7326-399: The corporate segment was previously a "moat" against rivals but this has no longer been the case as sales and profits have fallen precipitously. After several weeks of rumors, which started around January 11, 2013, Dell announced on February 5, 2013, that it had struck a $ 24.4 billion (equivalent to $ 31,470,000,000 in 2023) leveraged buyout deal, that would have delisted its shares from

7437-1289: The data center (mainframes), networking, software, broadband, wireless, and storage and industrial markets. Common applications for its products include: data center networking, home connectivity, broadband access, telecommunications equipment, smartphones, base stations, data center servers and storage, factory automation, power generation and alternative energy systems, displays, and mainframe operations and management, and application software development. Broadcom's core technologies and franchise products include networking devices, optical technologies, network interface controllers and data storage. Vendors have included Broadcom NICs in their products. For example, select Dell PowerEdge blade servers have Broadcom-powered Ethernet port adapters as an add-in card. Other vendors such as Apple , Hewlett Packard Enterprise , and Raspberry Pi also use Broadcom NICs. In April 2017, Google's Project Zero investigated Broadcom's SoC WiFi stack and found that it lacked "all basic exploit mitigations - including stack cookies, safe unlinking and access permission protection," allowing "full device takeover by Wi-Fi proximity alone, requiring no user interaction." Numerous smartphones, such as by Apple, Samsung and Google were affected. Jericho2

7548-463: The data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2023, some 79 percent of Broadcom's revenue came from its semiconductor-based products and 21 percent from its infrastructure software products and services. Tan Hock Eng is the company's president and CEO . The company is headquartered in Palo Alto, California . Avago Technologies Limited took

7659-552: The deal to proceed. The transaction closed on November 22, 2023. On completion, CEO Hock Tan announced that the company would relocate its headquarters in San Jose to the VMware campus in Palo Alto . In February 2024, Broadcom sold the end-user computing division, which it inherited from the VMware acquisition, to KKR for $ 4   billion. Broadcom sells a range of semiconductor and infrastructure software applications that serve

7770-530: The deal, Cypress acquires Broadcom's IoT products and intellectual property for Wi-Fi, Bluetooth and Zigbee connectivity, as well as Broadcom's WICED platform and SDK for developers. The deal combined Broadcom's developer tools and connectivity technologies for IoT devices with Cypress' own programmable system-on-a-chip (SoC) products that provide memory, computing and graphics processing for low-power devices. In 2016, Broadcom proposed merging with Brocade Communications Systems . The acquisition proposal included

7881-409: The dollar as part of the deal. In November, Carl Icahn (9.3% owner of Dell) sued the company over plans to go public. As a result of pressure from Icahn and other activist investors , Dell renegotiated the deal, ultimately offering shareholders about 80% of market value. As part of this deal, Dell once again became a public company, with the original Dell computer business and Dell EMC operating under

7992-425: The ending of about 8,800 jobs in 2007–2008 — 10% of its workforce. By the late 2000s, Dell's "configure to order" approach of manufacturing—delivering individual PCs configured to customer specifications from its US facilities was no longer as efficient or competitive with high-volume Asian contract manufacturers as PCs became powerful low-cost commodities. Dell closed plants that produced desktop computers for

8103-487: The enterprise market with servers, networking, software, and services. It avoided many of the acquisition write-downs and management turnover that plagued its chief rival Hewlett Packard. Despite spending $ 13 billion on acquisitions to diversify its portfolio beyond hardware, the company was unable to convince the market that it could thrive or made the transformation in the post-PC world, as it suffered continued declines in revenue and share price. Dell's market share in

8214-576: The failure of the Qualcomm bid led Broadcom and its CEO to look at acquiring infrastructure software as an alternative way of growing in size. On 11 July 2018, news sources reported that Broadcom and CA Technologies agreed on terms for an $ 18.9 billion acquisition. CA Technologies, formerly known as Computer Associates, was a longtime giant in software for mainframe computers that had expanded its offerings into software for cloud computing . And on 5 November 2018, Broadcom announced that it had completed

8325-511: The first quarter of 2007 after an internal audit found that certain employees had changed corporate account balances to meet quarterly financial targets. In July 2010, the SEC announced charges against several senior Dell executives, including Dell Chairman and CEO Michael Dell, former CEO Kevin Rollins, and former CFO James Schneider, "with failing to disclose material information to investors and using fraudulent accounting to make it falsely appear that

8436-432: The home market and introduced a product line designed especially for individual users. ($ 000000s) employees From 1997 to 2004, Dell steadily grew and it gained market share from competitors even during industry slumps. During the same period, rival PC vendors such as Compaq , Gateway , IBM , Packard Bell , and AST Research struggled and eventually left the market or were bought out. Dell surpassed Compaq to become

8547-497: The industry's average selling price to individuals was going down, Dell's was going up, as second- and third-time computer buyers who wanted powerful computers with multiple features and did not need much technical support were choosing Dell. Dell found an opportunity among PC-savvy individuals who liked the convenience of buying direct, customizing their PC to their means, and having it delivered in days. In early 1997, Dell created an internal sales and marketing group dedicated to serving

8658-413: The introduction of Windows 8 . In the shrinking PC industry, Dell continued to lose market share, as it dropped below Lenovo in 2011 to fall to number three in the world. Dell and fellow American contemporary Hewlett Packard came under pressure from Asian PC manufacturers Lenovo, Asus , and Acer, all of which had lower production costs and were willing to accept lower profit margins. In addition, while

8769-403: The largest PC manufacturer in 1999. Operating costs made up only 10 percent of Dell's $ 35 billion in revenue in 2002 (equivalent to $ 56,680,000,000 in 2023), compared with 21 percent of revenue at Hewlett-Packard, 25 percent at Gateway, and 46 percent at Cisco. In 2002, when Compaq merged with Hewlett-Packard (the fourth-place PC maker), the newly combined Hewlett-Packard took the top spot for

8880-424: The largest in the technology sector, received global regulatory scrutiny, including from China, which approved the deal with specific conditions. These conditions require VMware's server software to be compatible with local hardware and not restrict customers from using Broadcom's hardware products. Despite concerns over rising China-U.S. tensions, the approval from China, which was the last regulatory hurdle, allowed

8991-465: The long run. Margins at retail were thin at best and Dell left the reseller channel in 1994. Rollins would soon join Dell full-time and eventually become the company president and CEO. Originally, Dell did not emphasize the consumer market, due to the higher costs and low profit margins in selling to individuals and households; this changed when the company's Internet site took off in 1996 and 1997. While

9102-667: The main drivers of PC sales in recent years, yet there had a decline in consumers purchasing PCs through the Web or on the phone, as increasing numbers were visiting consumer electronics retail stores to try out the devices first. Dell's rivals in the PC industry, HP, Gateway and Acer , had a long retail presence and so were well poised to take advantage of the consumer shift. The lack of a retail presence stymied Dell's attempts to offer consumer electronics such as flat-panel TVs and MP3 players. Dell responded by experimenting with mall kiosks, plus quasi-retail stores in Texas and New York. Dell had

9213-549: The market for IT services. The company has expanded storage and networking systems. In the late 2000s, it began expanding from offering computers only to delivering a range of technology for enterprise customers. Dell is a subsidiary of Dell Technologies, Inc., a publicly traded company , as well as a component of the NASDAQ-100 and S&P 500 . Dell is ranked 31st on the Fortune 500 list in 2022, up from 76th in 2021. It

9324-635: The merger with EMC, which involved the issuance of $ 45.9 billion (equivalent to $ 57,140,000,000 in 2023) in debt and $ 4.4 billion (equivalent to $ 5,478,000,000 in 2023) of common stock. At the time, some analysts claimed that Dell's acquisition of the former Iomega could harm the LenovoEMC partnership. In July 2018, Dell announced intentions to become a publicly traded company again by paying $ 21.7 billion (equivalent to $ 25,940,000,000 in 2023) in both cash and stock to buy back shares from its stake in VMware, offering shareholders roughly 60 cents on

9435-413: The mid-2000 the industry shifted to vertically integrated stacks to deliver an end-to-end IT product, and Dell lagged far behind competitors like Hewlett-Packard and Oracle. Dell's reputation for poor customer service, which was exacerbated as it moved call centers offshore and as its growth outstripped its technical support infrastructure, came under increasing scrutiny on the Web. The original Dell model

9546-595: The new brand name Dell Networking and the new name for FTOS: Dell Networking Operating System or DNOS. Dell Force10 also offers a FTOS based blade switch: Force10 MXL 10/40 Gbit/s switch for their M1000e blade enclosure, available since the second half of 2012. The MXL switch is a S4810 switch in chassis form-factor offering 32 internal 10 Gbit/s 10GBASE-KR ports, 2 external 40 Gbit/s (uplink or stack) ports and 2 expansion slots for 2 ports QSFP+ 40 Gbit/s ports or 4 port 10 Gbit/s SFP+ or 10GBaseT copper ports for uplinks or stacking. Apart from

9657-691: The newly created parent, Dell Technologies . Post-acquisition, Dell was re-organized with a new parent company, Dell Technologies; Dell's consumer and workstation businesses are internally referred to as the Dell Client Solutions Group, and is one of the company's three main business divisions alongside Dell EMC and VMware . In January 2021 (equivalent to $ 14,420,000,000 in 2023), Dell reported $ 94 billion (equivalent to $ 104,280,000,000 in 2023) in sales and $ 13 billion operating cash flow during 2020. On March 1, 2024, Dell's stock hit all-time high after earnings. It delivered

9768-522: The open development community. From January 19, 2012, through mid-2013, Force10 products were available as Dell products and newly ordered products were sold with the Dell logo and colors. The S series Ethernet switches offered 1 Gbit/s, 10 Gbit/s, and 40 Gbit/s ports in 1U or 2U form factor. The S-series start at the S25 series with 24 1 Gbit/s ports with (S25V) Power over Ethernet , S25N copper ports or S25V fibre/SFP ports. Apart from that

9879-432: The planned completion date out to May 26, 2023. On May 19, 2023, as both UK and EU regulators had yet to complete their investigations, the completion date was formally extended to August 26, 2023, and was later further extended to as late as November 26, 2023. On November 21, 2023, Broadcom Inc. announced its plan to finalize the $ 69 billion acquisition of VMware Inc . on the following Wednesday. This acquisition, one of

9990-503: The rise of streaming services. The Leichtman Research Group calculated that the largest pay TV providers in the U.S. – representing about 95% of the market – lost about 4,915,000 net video subscribers in 2019. Regular customers each pay $ 231 a year for their boxes, totaling almost $ 20 billion per year in profit for the cable industry. On January 7, 2020, Accenture PLC agreed to acquire Symantec's 300-person cybersecurity services division from Broadcom. In February 2020, Broadcom announced

10101-413: The special committee on the board for $ 13.88 per share, a raised price of $ 13.75 plus a special dividend of 13 cents, as well as a change to the voting rules. The $ 13.88 cash offer (plus a $ .08 per share dividend for the third fiscal quarter) was accepted on September 12 and closed on October 30, 2013, ending Dell's 25-year run as a publicly traded company. After the buyout, the newly private Dell offered

10212-505: The state provided approximately $ 250 million (equivalent to $ 386,600,000 in 2023) in incentives and tax breaks. In July, Michael Dell stepped aside as chief executive officer while retaining his position as chairman of the board . Kevin Rollins, who had held a number of executive posts at Dell, became the new CEO. Despite no longer holding the CEO title, Dell essentially acted as a de facto co-CEO with Rollins. Under Rollins, Dell purchased

10323-713: The state required them to repay the incentives for failing to meet the conditions, and they sold the North Carolina plant to Herbalife. Much work was transferred to manufacturers in Asia and Mexico, or some of Dell's own factories overseas. On January 8, 2009, Dell announced the closure of its manufacturing plant in Limerick, Ireland, with the loss of 1,900 jobs and the transfer of production to its plant in Łodź in Poland. The release of Apple's iPad tablet computer had

10434-466: The stock of VMware. The proposed acquisition will maintain VMware as a separate company, held via a new tracking stock , while the other parts of EMC will be rolled into Dell. Once the acquisition closes Dell will again publish quarterly financial results, having ceased these on going private in 2013. The combined business was expected to address the markets for scale-out architecture , converged infrastructure and private cloud computing , playing to

10545-485: The strengths of both EMC and Dell. Commentators have questioned the deal, with FBR Capital Markets saying that though it makes a "ton of sense" for Dell, it's a "nightmare scenario that would lack strategic synergies" for EMC. Fortune said there was a lot for Dell to like in EMC's portfolio, but "does it all add up enough to justify tens of billions of dollars for the entire package? Probably not." The Register reported

10656-936: The switches offer several uplink options The S50 series is very similar to the S25 except that the S50 offers 48 ports. Following the S25 and S50 are several types as S55 and S60, also offering 1 Gbit/s access ports and 10 Gbit/s uplink ports, where each model has a speciality, such as low latency or deep data-buffers (S60). The top of range switches are the S4810 (fiber) or S4820 (copper) with 48 x 10 Gbit/s SFP+ (S4810) or 10GBASE-T (S4820) and 4 QSFP+ 40 Gbit/s uplink ports. The S4800 series are marketed as distribution switches for both datacenter as campus networks for large networks or (collapsed) core switches for smaller networks. The S4800 series switches can be stacked using either 10 Gbit/s or 40 Gbit/s ports using fiber links or copper/twinax based direct attached ports. The pass-through latency ranges from 800 nanoseconds for

10767-457: The switches. The switches that offer 40 Gbit/s interfaces can use these ports for 40 Gbit/s switch to switch links or split such a link in 4 x 10 Gbit/s direct attached links or fibre optic cable to other switches or 10 Gbit/s NIC's The Z-series and S-series are 1 RU or 2 RU stand-alone switches where the E- and C-series are chassis-based switches. The chassis-based switches all use

10878-458: The third and fourth fiscal quarter of 2006, and several class-action lawsuits were filed. Dell Inc's failure to file its quarterly earnings report could have subjected the company to de-listing from the Nasdaq , but the exchange granted Dell a waiver, allowing the stock to trade normally. In August 2007, the company announced that it would restate its earnings for fiscal years 2003 through 2006 and

10989-520: The ticker symbol AVGO. Avago Technologies announced its agreement to acquire CyOptics, an optical chip and component supplier, for $ 400 million in April 2013. The acquisition aimed to expand Avago Technologies' fiber optics product portfolio. In October 2013, Avago Technologies invested $ 5 million in Amantys, a power electronics technology provider, as part of a strategic investment agreement between

11100-414: The two companies. Avago Technologies announced its agreement to acquire LSI Corporation in December 2013 for $ 6.6 billion. The acquisition helped move Avago Technologies away from specialized products and towards a more mainstream industry, which included chips, especially storage for data centers. The company sold its SSD controller business to Seagate Technology in May 2014. In August 2014,

11211-487: The view of William Blair & Company that the merger would "blow up the current IT chess board", forcing other IT infrastructure vendors to restructure to achieve scale and vertical integration. The value of VMware stock fell 10% after the announcement, valuing the deal at around $ 63–64bn rather than the $ 67bn originally reported. Key investors backing the deal besides Dell were Singapore's Temasek Holdings and Silver Lake Partners . On September 7, 2016, Dell completed

11322-478: The world's 500 largest companies, making Michael Dell the youngest CEO of a Fortune 500 company at that time. In 1993, to complement its own direct sales channel, Dell planned to sell PCs at big-box retail outlets such as Wal-Mart , which would have brought in an additional $ 125 million (equivalent to $ 238,100,000 in 2023) in annual revenue. Bain consultant Kevin Rollins persuaded Michael Dell to pull out of these deals, believing they would be money losers in

11433-454: The world's first WiFi 6E client device, the BCM4389. In early 2020, Raspberry Pi inc revealed that their new boards would have a Broadcom BCM2711 chip. In May 2022, Broadcom announced their deal to acquire the virtualization and cloud computing software vendor VMware for $ 61 billion in a combination of cash and stock, with Broadcom assuming $ 8 billion in VMware debt. In November 2022,

11544-566: Was 40% down from July 2005—the high-water mark of the company in the post-dotcom era. By June 2021, the stock had reached an all-time high of over US$ 100 per share, reflecting the company's successful transition to a technology solutions provider that helps customers navigate digital transformation. The slowing sales growth has been attributed to the maturing PC market, which constituted 66% of Dell's sales, and analysts suggested that Dell needed to make inroads into non-PC business segments such as storage, services, and servers. Dell's price advantage

11655-641: Was Ethernet switches divided into four product series: In January 2002, Force10 released the E-Series E1200 switch / router , claiming line-rate 10 Gigabit Ethernet switching. Force10 Networks hoped to expand from LAN switching to midsize data centers and enterprise campus networks. Force10 products included the E-Series family of switch/routers, the C300 switch, the S-Series family of access switches and

11766-785: Was being pressured by Elliott Management , a hedge fund holding 2.2% of EMC's stock, to reorganize their unusual "Federation" structure, in which EMC's divisions were effectively being run as independent companies. Elliott argued this structure deeply undervalued EMC's core "EMC II" data storage business, and that increasing competition between EMC II and VMware products was confusing the market and hindering both companies. The Wall Street Journal estimated that in 2014 Dell had revenue of $ 27.3 billion (equivalent to $ 34,610,000,000 in 2023) from personal computers and $ 8.9 billion from servers, while EMC had $ 16.5 billion from EMC II, $ 1 billion from RSA Security , $ 6 billion from VMware, and $ 230 million from Pivotal Software . EMC owns around 80 percent of

11877-614: Was getting trapped in the increasing commoditization of high volume low margin computers, which prevented it from offering more exciting devices that consumers demanded. Despite plans of expanding into other global regions and product segments, Dell was heavily dependent on US corporate PC market, as desktop PCs sold to both commercial and corporate customers accounted for 32 percent of its revenue, 85 percent of its revenue comes from businesses, and 64 percent of its revenue comes from North and South America, according to its 2006 third-quarter results. US shipments of desktop PCs were shrinking, and

11988-607: Was invigorated thanks to a restructuring initiated by their CEO Mark Hurd . In August 2005, Dell became the subject of an informal investigation by the United States SEC . In 2006, the company disclosed that the US Attorney for the Southern District of New York had subpoenaed documents related to the company's financial reporting dating back to 2002. The company delayed filing financial reports for

12099-534: Was known for high customer satisfaction when PCs sold for thousands of dollars but by the 2000s, the company could not justify that level of service when computers in the same line-up sold for hundreds of dollars. Rollins responded by shifting Dick Hunter from the head of manufacturing to head of customer service. Hunter, who noted that Dell's DNA of cost-cutting "got in the way," aimed to reduce call transfer times and have call center representatives resolve inquiries in one call. By 2006, Dell had spent $ 100 million in just

12210-695: Was ordered by the European Union to stop allegedly anticompetitive practices. In 2021, Broadcom agreed to settle an antitrust complaint which claimed it had abused its monopoly power through restrictive contract terms and threats of retaliation against non-compliant customers. Such contract terms stifle innovation and harm competition in the global supply market. European Competition Commissioner Margrethe Vestager said that Broadcom's contract terms with six main customers would "create serious and irreversible harm to competition" if no action were taken. In 2021, Broadcom agreed to settle an antitrust complaint, in which

12321-509: Was tied to its ultra-lean manufacturing for desktop PCs, but this became less important as savings became harder to find inside the company's supply chain, and as competitors such as Hewlett-Packard and Acer made their PC manufacturing operations more efficient to match Dell, weakening Dell's traditional price differentiation. Throughout the entire PC industry, declines in prices along with commensurate increases in performance meant that Dell had fewer opportunities to upsell to their customers. As

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