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CNET News.com: Dell names new CFO, focuses on investments

Mar 30, 2000, 22:04 (0 Talkback[s])
(Other stories by Stephen Shankland)

"Venture funds are increasingly popular with established companies as they seek a way to gain influence and profit from a business world lavishing attention on start-up companies. Intel, Sun Microsystems, Microsoft, IBM, Hewlett-Packard, Compaq and numerous other companies are becoming ever more similar to venture capitalists, investing hundreds of millions of dollars in start-ups."

"In the expanded strategy, Dell will offer start-ups not just funding but also professional services and help with setting strategy. The effort resembles parts of Sun's iForce initiative or HP's Garage program as well as efforts to woo start-ups by IBM and Compaq."

"Though chief executive Michael Dell himself has invested in several companies, it wasn't until April 1999 that the Dell corporation began investing in companies. At that time, Dell took a stake in Linux seller Red Hat."

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