The first reports broke over five years ago: Michael Dell was planning to take his eponymous technology company off the public market. The news came after a particularly bad year for Dell. Revenue in 2012 was down 7 percent year over year, and profits were tumbling. As Dell’s SEC filing from that year notes, Windows 8 PC sales weren’t taking off quite the way that Microsoft or its hardware partners had hoped to see from the supposedly next-generation OS, and hardware sales were flagging. Devices like the jack-of-all-trades XPS 14 failed to appeal to any one audience, and products like the Windows RT-powered XPS 10 never came close to giving Dell the kind of success that’s enjoyed by the iPad that it was so clearly hoping to emulate. It was becoming clear that changes had to be made if Dell was going to survive. So CEO Michael Dell presented shareholders with a $25 billion buyout that would take the company private, giving it space away from the public limelight (and … [Read more...] about Michael Dell gambled billions and saved his company — but can he do it again?
Dell acquired emc
The big picture: The move simplifies Dell's capital and ownership structure. Other options including a combination with VMware itself were reportedly considered but ultimately, all parties involved settled on going public once again. Dell went private in 2013 on the back of a landmark deal with founder Michael Dell and private equity firm Silver Lake, executing the largest privatization in the history of the technology industry. Now, the company is once again planning to go public. In a press release on Monday, Dell said it aims to buy its own tracking stock as part of a deal valued at $21.7 billion. For each share of Dell Technologies Class V tracking stock, shareholders will receive 1.3665 shares of Dell Technologies Class C common stock – or $109 in cash. Dell says the offer of $109 represents a 29 percent premium over the Class V share closing price prior to the announcement. VMWare’s board of directors (remember, Dell acquired EMC for $67 billion in 2015) has voted to … [Read more...] about Dell is going public again with tracking stock buyout
In its latest turn of corporate machination, Dell Technologies has decided to return to the public market via a cash and share-swap deal that's meant to help the company boost revenue and raise funds. The computing giant plans to convert existing Class V tracking shares into Class C common stock to form a publicly traded company with a market capitalization of $21.7 billion. Dell's stock will list on the New York Stock Exchange.Dell Technologies founder and CEO Michael Dell took his company private nearly five years ago after more than two decades on the stock market in a deal worth $24 billion. In 2016, Dell acquired EMC in a massive $67 billion deal. The agreement also included EMC's majority stake in VMWare, which now has a market cap of around $50 billion, as well as ownership of Pivotal, SecureWorks, RSA and VirtuStream.Earlier this year, Dell disclosed that it was considering a reverse merger with VMware as part of its public market return. While that scenario didn't quite play … [Read more...] about Dell decides to go public in $21 billion share-swap deal
By Pete Carey | Mercury News, Bay Area News Group PUBLISHED: October 12, 2015 at 11:30 am | UPDATED: August 12, 2016 at 12:36 am In what is said to be the largest technology takeover ever, Dell is acquiring network storage giant EMC for $67 billion in a deal that gives Palo Alto-based VMware a new owner and other Silicon Valley companies a formidable competitor. The acquisition, done with the private equity firm Silver Lake, creates a colossus with more than $80 billion in annual revenue and 180,000 employees worldwide and draws a bead on a business services and technology market that Hewlett-Packard is also targeting. Michael Dell, head of the privately held Dell, said the deal “creates an enterprise powerhouse” that’s strategically positioned for the next generation of information technology. It also completes the transformation of a company that once sold primarily personal computers into one that offers a full range of information technology — from cloud … [Read more...] about Massive Dell-EMC merger creates competitor to Silicon Valley giants
Dell's mobile workstation series now includes a 2-in-1 that allows for its display to be folded into its base, dubbed the Precision 5530 2-in-1, in a bevy of updates for its business PCs. The 5530 2-in-1 is set to arrive with an Intel i5-8305G, i7-8705G, or i7-8706G processor combined with Radeon Pro WX Vega M GL graphics, a 15.6-inch display, up to 16GB of memory, and up to 2TB of NVMe SSD storage. The device's non-replaceable battery is rated at 75Wh, and charged via USB-C. While set to arrive in July or August, Dell has yet to announce any pricing for the 2-in-1. The regular version of the Precision 5530 has the choice of either 6-core i9-8950HK and i7-8850H processors, down to 4-core i5-8400H or i5-8300H. Memory-wise, the 5530 can hold up to 32GB, while on the storage front it can have one M.2 NVMe SSD and a 2.5-inch solid-state or spinning hard drive. Charging is completed via the regular Dell 4.5mm barrel plug, with a 56Wh or 97Wh-rated battery. For graphics, the … [Read more...] about Dell launches Precision 2-in-1 among business PC refresh