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Dell Computer Plans to Invest in European Wireless Start-Ups
Posted: 12-Jun-2000 [Source: Bloomberg]

[Dell has invested US$ 1 billion in the past year and plans to expand into the wireless Internet arena.]

Tel Aviv -- Dell Computer Corp. said it plans to expand its venture capital arm to invest in European companies that are developing wireless Internet access equipment.

Dell Ventures will open an office in London in the next six months to oversee investments in the U.K., Germany, Scandinavia and Israel, the No. 1 direct-seller of personal computers said during a news conference in Tel Aviv. Dell plans to focus on equipment based on wireless application protocol, or WAP, which lets portable computers and cell phones connect to the Internet.

``There's a huge opportunity for Europe as a continent due to Ericsson and Nokia,'' said Alastair McFadzean, Dell's enterprise manager for emerging markets. ``The usage drives the technology, and the technology drives the usage.''

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