Missed the Boat
I was working at Dell back in 2012, and remember thinking Cloud seems to be a thing, and why, given Dell manufacturers servers, aren’t they building their cloud to compete. The commentary within Dell was around Cloud was too expensive, customers trying it and “repatriating” workloads back on prem and generally putting fingers in ears and saying Cloud wouldn’t take off. HP did try to create Cloud, but it just didn’t really get anywhere and they killed it off.
Seems like they both missed the boat and couldn’t recognise the threat to their business models, or were too unwieldy to respond. It now seems they will suffer from a slow decline and eventual death or consultation, selling of parts of the business that can’t withstand the competition. Kind of reminds me of Blockbusters or BlackBerry. But what is perplexing to me, is the meteoric rise of Dells share price, which doesn’t seem to reflect revenue stagnation and now decline.