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Dell Wheres The Turnaround

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by Kevin Maney
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Feb 29 2008 12:00am EDT

Dell: Where's the Turnaround?

A year ago, I wrote a column about why Michael Dell -- smart as he might be -- is not the guy who can turn Dell around. I've always had a good relationship with Dell the company and Dell the guy. They could've taken serious offense. They didn't. Instead, Dell handled it in a pretty classy way: They told me to come back in a year and see what's happened.

Well, what's happened is that Dell on Thursday reported quarterly results that fell 6% and missed analysts estimates. Dell's stock, around $30 in November, is hovering around $20.

How long does Michael Dell get to prove himself?

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