Wednesday, August 22, 2012

The Jesus Hunt: Dell Hires Another Superstar Savior

Dell posted its second-quarter results on Tuesday and made investors weep. Year-over-year revenue dropped 8 percent to $14.5 billion and net income fell nearly 20 percent to $732 million. Shares in Dell (DELL) proceeded to tumble 5 percent in after-hours trading to around $11.70, which is in the range of what the company traded at before the dot-com boom. So according to Businessweek, that would be a whole mess of bad news.

Here’s the good news: Dell has hired Marius Haas as its new head of all data center hardware, including servers, storage systems, and networking gear. Haas had recently been at the private equity house Kohlberg Kravis Roberts, trying to help the firm spot investment opportunities…

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