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Dell Reports Strong Business Demand for PCs, Services
Bloomberg appears quarterly revenue that topped analysts estimates of strong demand for business PCs and networking services, a sign that companies have been modernizing their technology stacks as workers return to the office. Bloomberg -- Dell Technologies Inc. reported quarterly revenue that topped analysts estimates of strong demand for business PCs and networking services, a sign that companies have been modernizing their technology stacks as workers return to the office. The shares went ...
Updated: 05/26/2022
Dell Technologies beats revenue expectations for 9th consecutive quarter
Dell Technologies beat revenue expectations for the ninth consecutive quarter on May 26 as the PC maker saw strong demand for its laptops and laptops as companies embrace a hybrid work model shed model. Dell Technologies beat revenue expectations for the ...
Updated: 05/26/2022
Broadcom gets $61 billion in VMware deal
... innovative solutions to even more of the world's largest enterprises, together with Broadcom , said in a statement. This is a landmark moment for VMware and gives our shareholders and employees the chance to participate in meaningful upside. In November, Dell Technologies completed its 81% equity ownership of VMware Inc. The transaction is expected to be completed in Broadcom 's fiscal year 2023, subject to VMware shareholder and regulatory approval and satisfaction of other customary closing conditions....
Updated: 05/26/2022
Former VMWare CEO Pat Gelsinger watches Broadcom deal closely
... to Intel to be its next CEO. Under Gelsinger 's watch, VMWare shareholders were handsomely rewarded: Amid the acceleration in the cloud, shares of VMWare gained 193% in the five years leading up to Gelsinger 's departure. VMWare was spun-off from Dell in November 2021. Gelsinger said this is a large software asset that is innovating out of an important set of hybrid cloud and fundamental platform technologies. If it doesn't help out the innovation cycle, it's probably not good. If it does, it's probably good. Sozzi follows BrianSozzi on Twitter and LinkedIn .
Updated: 05/23/2022
T-Mobile signs up business operator, theme park and 5G customers
... infrastructure revenue is expected to reach $8.3 billion by 2026, from $1.7 billion in 2021. Field said T-Mobile was working with Dell for edge computing infrastructure for the private 5 G but could work with a vendor that a customer chooses as well. Edge ... ... analyzing bulk data, where it is gathered from a factory floor or an oil rig before moving it to remote servers, attracting big technology companies to offer their expertise.
Updated: 05/23/2022
Chipmaker Broadcom in talks to buy VMware
... workloads on a smaller number of server computers. In 2004 the company was acquired by EMC Corp. , a storage technology giant. A portion of EMC 's stake was sold three years later as part of VMware 's initial public offering. When EMC acquired Dell Technologies Inc. in 2016 the business was taken over by Dell Technologies Inc. In 2021, VMware was acquired from Dell . Refinitiv data shows that Dell CEO Michael Dell is a top investor in VMware with a 40% stake, according to Refinitiv data.
Updated: 05/23/2022
Bloomberg in talks to buy VMware Inc.
... Executive Officer Hock Tan has embarked on a series of acquisitions to build a company that is one of the largest and most diverse in the chip industry, including the acquisition of Symantec Corp.'s enterprise security business and the acquisition of CA Technologies the year before. According to Bloomberg , Michael Dell and Silver Lake are the top investors in VMware. VMware was founded in 1998 and acquired by EMC Corp. in 2004 and sold part of its stake in an initial public offering three years later. It passed to Dell when it acquired EMC in 2016 and then formally ...
Updated: 05/23/2022
Chipmaker Broadcom in talks to buy VMware - sources
... The deal was first reported by Bloomberg News on Sunday. Broadcom and VMware didn't respond immediately to Reuters' requests for comment. According to Refinitiv data, Michael Dell is the biggest investor with a 40% stake in VMware as a result of Dell Technologies Inc 's merger of VMWare to its shareholders last year. Silver Lake, a previous investment in Broadcom, is VMware 's second largest shareholder with a 10% stake, according to Refinitiv data.
Updated: 05/23/2022
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