Dell Continues to Fall Apart as Mobile Chief Ron Garriques Leaves
His departure is significant. Garriques runs the wireless business for both Dell's phones and tablet-style PCs. Dell has the Aero smartphone and Adamo mini-PC, but neither has sold well.
Dell may be undermining one of the few bright spots in the commodity PC industry -- portable machines powered by 3G, Wimax, and eventually 4G. Why the company would take the action is a mystery, although it has been badly run since founder Michael Dell returned as CEO back in early 2007. The company's stock is down 15% in the last year, while the Nasdaq is up almost 15%.
Investors have suffered through the mistakes. Dell's longer term share price track record is even worse than its more recent performance. The stock is off 55% during the last five years, while the Nasdaq is up 10%. All of this has occurred on Michael Dell's watch And, now Dell is letting go an executive that managed one of the businesses most critical to the company's future.