Time to sell Dell?
I read this morning that Dell has hired Michael Cannon, formerly of Maxtor and Solectron, as its new President of Global Operations. If you look at the histories of Maxtor and Solectron, what you'll see under Cannon's leadership is declining stock value, lost market share, and lost jobs. Cannon is, ironically, called a "turnaround specialist" by some. Of course, why someone would hire someone whose turnarounds are mostly negative puzzles me, but then again, it's not my company.
2 comments:
Uhm, I just bought a Dell so hopefully they'll be in biz for another 3 yrs, otherwise, I'd really need to sell my Dell or to give it away:o)
Both Maxtor and Selectron made it a few years, and Seagate is honoring Maxtor's warranties, so I don't think you need to fear that. The people that need to be afraid are Dell investors and employees. Cannon has a well earned reputation for putting people out of work while the stock founders.
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