Michael Dell, while still a student at the University of Texas at Austin, founded the company as PC's Limited with just $1000, in his room at Dobie, an off campus dorm, in 1984 to sell IBM-compatible computers built from stock components. He founded the company on the principle that by selling personal computer systems directly to customers, PC's Limited could best understand their needs and provide the most effective computing solutions to meet those needs.
In 1985, the company produced the first computer of its own design (the "Turbo PC"), which contained an Intel 8088-compatible processor running at a speed of 8 MHz. It advertised the systems in national computer magazines for sale directly to consumers, and custom-assembled each ordered unit according to a selection of options. This offered buyers prices lower than those of retail brands, but with greater convenience than assembling the components themselves. Although not the first company to use this model, PC's Limited became one of the first to succeed with it. Michael Dell dropped out of school to run the business full-time. The company grossed more than $6 million in its first year.
Brinkley: Husband's affair 'shattered' my life Thu, 03 Jul 2008 17:24:00 -0700 A tearful Christie Brinkley testified at her divorce trial Thursday that she was devastated by her husband's affair with a teenager and his attempts to find other paramours through pornographic Web sites.
Rush Limbaugh to get $38M a year for next 8 years Thu, 03 Jul 2008 04:32:00 -0700 Rush Limbaugh will make about $38 million a year to continue his radio show over the next eight years. In addition, he says will be getting a nine-figure signing bonus from Premiere Radio Networks.
Report: Alex Rodriguez has split from wife Thu, 03 Jul 2008 08:33:00 -0700 Yankees slugger Alex Rodriguez and his wife have split less than three months after the birth of the couple's second daughter, according to a report in the New York Daily News.
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