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“The combination of Dell and EMC will create the world’s largest privately controlled, integrated technology company,” Dell founder Michael Dell said in a statement.
“The company will be a leader in the extremely attractive high-growth areas of the $2 trillion information technology market with complementary product portfolios, sales teams and R&D investment strategies,” he said. “The transaction combines two of the world’s greatest technology franchises with leadership positions in servers, storage, virtualization and PCs and it brings together strong capabilities in the fastest growing areas of the industry, including digital transformation, software-defined data center, hybrid cloud, converged infrastructure, mobile and security.”
Dell said The item EMC shareholders “would have a total combined account of $33.15 per EMC share plus the overall settlement would possibly be valued in approximately $67 billion.” This involves “tracking stock” throughout VMware, owned via EMC, of which can remain a great publicly traded company, Dell said.
“This merger bodes well for the next generation of innovator,” said Matt McIlwain, a managing director at Madrona Venture Group, told Bloomberg. “Legacy tech companies have little alternative than to use financial engineering to keep shareholders happy in an era of fundamental technology disruption.”
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