Forget those primtetime soap stars, the newest drama people are talking about stars MichaelDell. The 41 year-old has returned to the role of Chief Executive of the computer company that bears his name. He's replacing Kevin Rollins effective immediately. The upheaval could mark a new and compelling chapter in the company's history. Can Dell defy the challenges and turn his company around?" We asked CNBC’s Silicon Valley Bureau Chief, Jim Goldman.
“Michael Dell returned to the company at a critical point in time,” explained Goldman. “During Kevin Rollins' tenure, Dell was battered by a recall of millions of potentially flammable notebook batteries made by Sony and by disappointing earnings. In addition, the company's accounting practices also are the subject of federal scrutiny.
Goldman went on to say that Wall Street's reaction to the CEO change has been fast and furious. JP Morgan and Merrill Lynch both upgraded Dell shares immediately. Citigroup reiterated its "Buy" on the stock.”