Dell CFO Tom Sweet discusses Dell's big bet in buying EMC and VMware - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The CFO of Dell explains how a 5-minute call with Michael Dell put him in the position of navigating the company through a $67 billion mega-merger and a public offering

which allowed the tech company to go public without an initial public offering. But even tougher was the bold move of buying EMC and VMware in 2015.

But the trickiest part of the EMC-VMware deal was integrating the two huge entities into Dell. VMware, a publicly traded company in its own right, led by a veteran and respected"We are the majority owner, but on the other hand you try to be respectful of the environment," he said. "VMware has been very successful with an ecosystem that has many partners in it.

Sweet said that when Dell went private in 2013, the prevailing view was, "Hey, public cloud will take over the world." which would let businesses install the company's data center gear, but pay only for the computing capacity they use, instead of paying sticker price for the hardware.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Citi claims customer satisfaction accolade - Business Insider - Business InsiderCitibank has been rated the No. 1 bank for customer satisfaction – beating high-profile rivals like Chase, Bank of America, and Wells Fargo.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

The Digital Banking Ecosystem from Business Insider - Business Insider[NEW REPORT] The Digital Banking Ecosystem: BIIntelligence explores the incumbent banking landscape and the key players banks are calling on to help their transition to digital
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Tom Alberg explains why he took a chance on Jeff Bezos and Amazon - Business InsiderHere's why early investor Tom Alberg took a chance on Amazon even though Jeff Bezos wasn't 'the smartest guy I'd ever met' and everybody thought it'd be 'murdered' by Barnes & Noble
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

The RAM 1500 pickup truck is Business Insider's 2019 Car of the YearIt bested some serious competition, including the Lamborghini Urus, Nissan Leaf SL Plus, Cadillac XT4, Mercedes A220, and Porsche Cayenne. Great car stupid gear .. knob gears don’t work on trucks Can I pay for new RAM 1500 with hvn or dtr ?
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Mars CEO: Millennials treating pets like kids is good for business - Business InsiderThe pet care industry is booming, especially among Gen Z and millennials, who increasingly see their pets as more than just animals. StopDoingThat
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »