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Is Dell-EMC The Canary In The Coal Mine For More Enterprise M&A?
When Dell announced it was buying EMC earlier this month for $67 billion, it would have been easy to see the deal in isolation, but what if it were the first of many such deals? Could Oracle, for example, make a play for HP’s Enterprise business? One well-connected source tells us that even this may be possible.
Consider that HP sold TippingPoint to Trend Micro for $300 million and… Read More
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EMC And VMware Spin Out Virtustream As Jointly Owned Company
In a surprise move today at its earnings call, VMware announced that together with EMC, it was forming a jointly-owned company under the name of Virtustream, which is the company EMC bought last spring for $1.2 billion. The move comes against the dramatic backdrop of the announcement last week that Dell was acquiring EMC for $67 billion. You see, EMC owns 80 percent of VMware. To… Read More
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VMWare Beats Expectations With $1.02 EPS, $1.67B In Revenue
At a time when there are a lot of questions about the company’s future, VMWare beat analyst expectations with $1.02 in non-GAAP earnings per share compared to expectations of $1. The company reported $1.67 billion in revenue, up 14 percent year-over-year, beating expectations of $1.66 billion. Read More
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Dell Needs To Decide What To Keep And What To Sell After EMC Deal
In the brave new enterprise world, organizations will be awash in big data, and it’s against this backdrop that Dell bought EMC this week for the astonishing sum of $67 billion. All of this data needs to be stored somewhere and that’s where EMC comes in. Dell already has been selling storage of course. In fact, it bought EqualLogic in 2007 for $1.4 billion, which seemed like a… Read More
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VMware Reports Q3 Sales Of $1.67B, Stock Drops After Dell Offers $67B For EMC
Alongside the not-unexpected news that Dell would acquire EMC in a record $67.1 billion deal, EMC-controlled VMware released an early look at its Q3 results: The virtualization giant said it expects to post $1.672 billion in sales, with non-GAAP net income of $1.02/share. The market, at least initially, doesn’t look very impressed: shares of VMware dropped by as much as 10… Read More
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Dell Buys EMC For $67B In Largest Deal In Tech History
In the largest tech deal in history by far*, Dell and partners MSD Partners and Silver Lake agreed to buy EMC today for $67 billion or $33.15 a share.
This is way over the $27 price being rumored last week, and makes the deal far larger than the $37 billion that Avago paid for Broadcom just last May.
What makes this deal even more interesting is that Dell, with a valuation of around $25… Read More
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EMC-Dell Rumors Could Be About Storage Giant Exiting On Its Own Terms
Rumors that Dell is going to buy Massachusetts-based storage giant EMC, first reported yesterday in the Wall Street Journal, have been flying fast and furiously. The deal could be valued as high as $27/share, or just shy of $52 billion, according to one report, sending EMC’s stock soaring today. If the rumors are true, it could be one of the biggest tech M&A deals in history… Read More
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Google And Dell Launch A Chromebook Built For The Workplace
During an enterprisey event at Google SF today, the company announced a brand new Chromebook for enterprise, built by Dell. The Google for Work team has been tailoring all of Google’s consumer software products for enterprise use. That means security, security and more security. Yes, to get computers blessed by a huge corporation, those things have to be pretty bulletproof. To get its… Read More
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Dell Now Accepts Bitcoin For All Online U.S. Purchases
Dell now accepts bitcoin in the United States for online purchases of its products. The move is a win for CoinBase, which today on its blog announced that it was the integration partner for the personal computing company. Overstock.com and online technology marketplace TigerDirect also accept the cryptocurrency. The price of bitcoin, long a driver of media and public interest in the stuff,… Read More
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