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Stop CPP investments in firms selling military, police, spy or prison-related products
to Israel

Dell Inc.

in 2011

$19 million

This is the online version of
Profiting from Israeli Apartheid:
Canada Pension Plan (CPP) Investments in Corporations Supporting Israel’s Military-, Police-, Surveillance-, Prison-Industrial Complex (Part 1)"
(Here's a coupon to subscribe, renew, order copies or make a donation to COAT.  To pay online, use the "Transfer Funds" button at the COAT homepage.)

Investments in Dell by other
Top Canadian Pension Funds:
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Total = $81,935,000

Dell, the world’s third largest computer company, is a US multinational with assets of US$38 billion. A significant amount of that wealth comes from military sales. Between 2000 and 2009 alone, Dell received US$6.2 billion in US military contracts. During each of those ten years, Dell was among the Pentagon’s top 100 suppliers and, overall, placed 39th for the whole decade.

In his speech to a US Navy technology conference in 2001, company founder, chairman and CEO, Michael Saul Dell, said he was "very proud" the "Navy is one of Dell’s largest customers." At a US Air Force technology conference in 2002, he said "the Air Force has become one of our largest customers." When introducing Dell at a US Army technology event in 2004, General Steven Boutelle said there are

"soldiers all over the Middle East that are Dell employees functioning in reserve units. They have contractors in the Middle East. They are supporting us throughout Baghdad, Iraq and the rest of the world."

Dell’s speech then noted that "[t]his year, the Army is going to be one of our largest customers in the world."

Dell also supplies US allies and has had a subsidiary in Israel since 1999. That year, Michael Dell, accepted an invitation to visit Israel from the director-general of Israel’s Industrial Cooperation Authority. The American-Israeli Cooperative Enterprise has noted that Dell was "born…to a wealthy Jewish family in Houston, Texas," and "is one of the richest people in the world...with a net worth of $14.6 billion in 2011."

By 2005, Dell was the third largest supplier of PCs and laptops in Israel. This was thanks, in part, to one of Dell’s largest buyers, the Israel Defense Forces (IDF). In 2006, the IDF contracted Dell to supply 50,000 personal computers (PCs). Globes reported that this three-year contract was "financed from US military aid to Israel." The paper also noted that the IDF tender was "thought to be the largest of its kind in Israel and is divided into three categories: laptops, PCs and servers."

Another Israeli paper, Haaretz, confirmed this as "one of the Israeli army’s biggest computer tenders," and said "the army is paying between $600 to $700 per unit" making "the contract worth about $30 million to $35 million to Dell Israel." It noted that Dell had also won a separate contract "to supply portable computers to the Israeli government." Globes’ also mentioned this other contract saying Dell would also supply 2,500 PCs to various unspecified government offices.

In 2009, Michael Dell accepted another invitation to Israel, this time from the country’s President, Shimon Peres. Dell had met Peres earlier that year at the global power elite’s "World Economic Forum" in Davos, Switzerland. At that time, Peres suggested to Dell "that he should [start] a business development center in Jerusalem" and Dell did just that.

In early 2010, Dell Inc. paid US$12 million for Exanet, an Israeli data-storage systems firm. This allowed Dell to open its Israeli R&D center in early 2011. Exanet’s key executives are closely tied to several large companies that supply Israel’s military:

l Cofounder/CEO, Giora Yaron, was on Rafael’s advisory board. (See "State-owned Israeli War Industries.") He is also an Amdocs director.

l CEO/President, Mark Weiner, was in various executive positions at NetApp. (See NetApp in table "CPP Investments.")

l President of Exanet Americas, Bruce Chumley, held key posts at EMC and Hitachi Data Systems.

l Chief Financial Officer, Michael Berger, filled "various financial and managerial roles" at Motorola Communications Israel. (See Motorola in table "CPP investments.")



COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and prison-related products.

To read COAT's research on the first half of
these 68 companies, click the pdf links below
to see the print version of Issue 66.  Or, click
each company name for the web version.)
(Articles on the second set of 34 companies
are in Issue #67 of Press for Conversion!):

pdf  3M Co
Amdocs Ltd
pdf  Analog Devices Inc

pdf  AT&T
pdf  BAE Systems
pdf  Bank Hapoalim
pdf  Bezeq
pdf  Bharat Electronics Ltd
pdf  CAE Inc
pdf  Carlyle Group
pdf  Caterpillar Inc
pdf  Cellcom Israel
pdf  Cemex
pdf  Cisco Systems
pdf  CRH plc
pdf  Daewoo Engineering & Construction
pdf  Daimler AG
pdf  Delek Group
pdf  Dell Inc
pdf  Discount Investment Corp
pdf  Doosan Corp
pdf  Eaton Corp
pdf  Elbit Systems
pdf  EMC Corp
pdf  Evraz Group
pdf  Fiat Industrial
pdf  Fiat SpA
pdf  Finmeccanica
pdf  Fujitsu Ltd
pdf  Hewlett-Packard Co
pdf  Hitachi Ltd
pdf  Honeywell International
pdf  Hyundai Motor Co
pdf  Hyundai Heavy Industries

Additional resources from this issue:
Israeli Spy Companies:
Verint and Narus

State-owned Israeli War Industries:
, IMI and Rafael

Vertex Venture Capital:
Investing in Israeli High-Tech Companies

Table listing CPP Investments


Table listing CPP Investments worth $1.5 billion in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.

Table listing additional investments totalling $4.5 billion by six large Canadian pension funds (including CPP) in the 66 companies researched by COAT.

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Dell Inc.

Michael Dell

Connecting Technology, Michael Dell Keynote Address, May 15, 2001.

Michael Dell Remarks, Air Force IT Conference, August 27, 2002.

Michael Dell Remarks, US Army DOIM Conference, September 1, 2004.

Top 100 Defense Contractors

"Michael Dell to Visit Israel," Globes, September 26, 1999.

"The computer and Internet markets," Israel High-Tech & Investment Report, April 2006.

HP, Dell win govt, IDF computing tenders, Globes, May 23, 2006.

Guy Grimland, "Dell day: Won Israeli army tender too," Haaretz, May 24, 2006.

Shmulik Shelah, "Michael Dell in private visit to Israel," Globes, June 22, 2009.

"Dell Purchases Israeli Data Firm," Globes, February 8, 2010.

Mark Weiner