Dell in a Fix?
Tech giant Dell is under great pressure and looking into bail out options in terms of acquisition or IPO in order to raise funds and save the company from the petering out profits.
In 2016, Dell acquired EMC, a data storage provider for $67 billion a decision that has caused the company a great amount of debt in terms of fierce competition from its rival’s Amazon’s AWS and Microsoft’s Azure as the company failed to deliver on cost-savings and projected performance.
Under the leadership of it’s founder Michael Dell, the board is set to meet this month to review all possible options that could help increase the much needed revenue status.
One option could be the off-loading of IPO Pivotal Software, a fast-growing division of Dell. Second, an acquisition of the remaining shares of VMware (a cloud computing and platform virtualization) Software service provider, who’s shares have gained more than 62% in the past year.
However, no claims to a deal or such verification is officially available but as soon as it leaves the rumor gardens of internet we shall know for sure once and for all.Dell