Rest in Peace EMC; Wel­come Dell Tech­nolo­gies

The merger in­volves 59 Bil­lion USD

The DQWeek (Kolkata) - - FRONT PAGE - Visit: www.dqweek.com for com­ments

Dell is to merge with EMC this year to form Dell Tech­nolo­gies. Dell CEO Michael Dell speaks at EMC World in Las Ve­gas on Mon­day, ac­cord­ing to a pre­view pro­vided to For­tune.

Dell is ex­pected de­liver a speech that will em­pha­sise the world’s tran­si­tion from a ba­sic In­ter­net age to an In­ter­net-of-things (IoT) and In­ter­net-of-ev­ery­thing age.

The Dell Tech­nolo­gies um­brella also will en­com­pass such com­pa­nies as VMWare VMW 0.74% , Piv­otal, Se­cureWorks, RSA and Vir­tus­tream.

As for the merger, Dell al­ready has re­ceived reg­u­la­tory ap­proval in sev­eral key mar­kets, in­clud­ing the U.S. and Europe (China is no­tably miss­ing so far), and last month filed a third amended proxy state­ment that, once ap­proved by the SEC, will pave the way for an EMC share­holder vote. There had been early thought that the share- holder vote would oc­cur in May, but June now seems much more likely, For­tune re­ports.

Michael Dell, CEO, Dell Tech­nolo­gies

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.