There is a common misconception that Hewlett Packard (HP) owns Dell. However, this is not true. Dell is actually owned by Dell Technologies, which is considered Dell's parent organization. Michael Dell, the founder and original CEO of Dell, is also the CEO of Dell Technologies. HP and Dell are two separate companies that compete in the computer manufacturing industry.
Who is Dell Owned By?
Dell Technologies is the parent organization that owns Dell. Michael Dell, an American entrepreneur and businessman, founded Dell in 198He dropped out of college to focus on building the business, and Dell quickly became one of the world's leading sellers of personal computers. In 2016, Dell Technologies was formed, and Michael Dell became the CEO of the parent company.
In 2015, Dell announced its intention to acquire EMC Corporation, an enterprise software and storage company. The deal was valued at $67 billion, making it the highest-valued tech acquisition in history at the time. The acquisition was supported by major Dell shareholders, including Singapore's Temasek Holdings and Silver Lake Partners.
Who is Bigger: HP or Dell?
Both HP and Dell are major players in the computer manufacturing industry. In terms of market share, Dell held the lead in PC market share in the United States in April of this year, controlling 22% of the market. HP, on the other hand, experienced some losses but still holds roughly 23% of the PC market in the United States.
When comparing the financial performance of the two companies, Dell's revenue is notably higher than HP's. For the quarter ending July 29th, Dell reported total revenue of $2425 billion, while HP reported revenue of $1664 billion. Despite the decrease in revenue, HP was able to generate a greater net income than Dell for the same quarter.
It's important to note that both companies have experienced significant volatility in their stocks over the past year. Investors should carefully analyze a company's financial statements and strategy before deciding to add either stock to their portfolio.
In conclusion, Hewlett Packard (HP) does not own Dell. Dell is owned by Dell Technologies, with Michael Dell serving as the CEO of both Dell and Dell Technologies. While Dell currently holds a larger market share in the PC industry, HP has also been a major player in the market for many years. Investors should consider the financial performance and strategy of both companies before making any investment decisions.