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Wall Street calls for Dell CEO's head

Rollin, Rollins rolling?
Tue Aug 22 2006, 15:36
A REPORT SAID investors are fretting over the future of Dell CEO Kevin Rollins following last week's roll call of fiery notebooks and poor financial results.

More worryingly for Dell, the Journal said large institutional investors like Fidelity have dumped shares in the firm.

A number of financial institutions have downgraded their assessment of Dell's shares.

Fidelity is a major player in tech shares - it holds 30 million AMD shares, 37 million ATI (tick: ATYT) shares, 84 million Intel (tick: INTC) shares, and 13 million Nvidia (tick: NVDA) shares.

Movements by big players such as Fidelity, Oppenheimer Funds and others can really rock the boat.

However, according to the Journal, Chairman Michael Dell has every confidence in Rollins, so he's obviously not out in his back yard sharpening his axe on the whetstone. µ

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