EMC
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Pivotal scores $253 million Series C led by Ford on hefty $2.8 billion valuation
Pivotal has a couple of new friends with big wallets. Today it announced that Ford and Microsoft were joining EMC, VMware and GE as investment partners on a massive $253 million Series C investment with a whopping $2.8 billion valuation. It’s not a coincidence that Pivotal has been working closely with Ford over the last year to help it in its own transformation from a car company to… Read More
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Michael Dell reveals new branding scheme for the Dell-EMC conglomeration
Michael Dell today revealed the new names, and yes we are talking multiple names, for the artist formerly known as the Dell-EMC deal. EMC will be deprecated for the main branding Dell Technologies, but will live on for the enterprise brand Dell EMC while the client services business will be called Dell, Inc. according to multiple reports. Confused? I’m sure you’re not… Read More
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Rumors swirl EMC wants to dump Documentum ahead of Dell acquisition
Rumors are flying today that to nobody’s surprise, EMC and by extension its new sugar Daddy Dell are looking to dump dowdy Documentum, the company’s enterprise content management product. It’s worth noting up front that in email to EMC asking for a comment on the story, a spokesperson had this to say: “Not commenting on speculation.” You can’t get much… Read More
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EMC CEO Tucci Maintains Deal With Dell Still On Track To Close Later This Year
EMC CEO Joe Tucci, responding to an analyst’s question on this morning’s earnings call about the status of the Dell deal, let it be known in no uncertain terms that the deal is going forward as planned. Responding to a question (which starts at around the 39 minute mark) from Maynard Um of Wells Fargo, Tucci admitted that there has been a lot of noise about possible pitfalls in… Read More
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EMC Confirms Layoffs As Cost-Cutting Measures Begin Ahead Of Dell Acquisition
Some EMC employees got some harsh news this week as anticipated layoffs have begun at the Massachusetts company. A company spokesperson confirmed the news, but declined to offer a specific number of affected employees. CRN first reported the news. At the end of last month EMC telegraphed the move when it filed paperwork with The SEC. At the time, the company indicated that it would… Read More
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Plot Thickens In Dell-EMC Deal As VMware Announces It’s Walking Away From Virtustream Deal With EMC
Ah, nothing goes easy with that $67 billion Dell-EMC deal, does it? Today the plot thickened a bit more when VMware announced in a filing with the SEC that it was walking away from the agreement with EMC to form Virtustream as a jointly owned company. Re/code first reported this news. This whole deal has from the start been a fairly complex tale, and like the movie Groundhog Day, one we… Read More
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Dell-EMC Deal All Systems Go As ‘Go Shop’ Provision Expires
When EMC and Dell announced their $67 billion deal in October, there was an interesting provision in the agreement — language that allowed EMC to continue shopping for a better deal. This ‘Go Shop’ clause expired last night.
The likelihood that anyone was ever going to step up and give EMC more than the $67 billion it negotiated with Dell was always remote at best, and the… Read More
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Dell Could Be Shopping Some Assets To Help Relieve EMC Deal Debt Load
Since Dell announced its intention to buy EMC for $67 billion in October, there has been a lot of speculation about how the company was going to pay off the massive $40 billion debt it used to finance the deal. I wrote about some of the EMC assets Dell might consider selling to help offset the huge obligation. Other rumors have had the company selling off its PC business to HP, but it turns… Read More
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Dell-EMC Deal Facing Issues On Multiple Fronts
When the news broke in early October that Dell was planning on buying EMC for a whopping $67 billion, more than a few jaws dropped (including mine), but in the weeks since, reports have surfaced about multiple problems from tax issues to VMware’s plunging stock price and the post-deal creation of Virtustream. It’s too soon to say the deal is in jeopardy, but there are enough… Read More
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Pivotal IPO Could Make Dell-EMC Deal Even More Complicated
Even while the Dell-EMC deal seemingly moves forward, there is still plenty of maneuvering going on at EMC. A couple of weeks ago VMware announced it was creating a new company called Virtustream that will be jointly owned with EMC, and just yesterday a re/code report suggested that Pivotal, another EMC-VMware joint venture, could IPO in early 2016. All of this is further complicated… Read More
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