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CGK

Largest Tech Merger in History- 67 Billion Dollars!

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 CGK    2,189

Dell will now have its own cloud!  I think for 67 billion Michael Dell could probably buy an entire planet..not just a cloud. (LOL)

 

Dell to buy EMC in deal worth about $67 billion

Dell announced a deal Monday with MSD Partners and Silver Lake to buy cloud computing company EMC for roughly $67 billion in cash and stock.

"We're creating an unbelievable powerhouse of an enterprise company," Dell Chairman and CEO Michael Dell told CNBC's "Squawk Box." "This is really all about bringing together complementary technologies and helping our customers address the challenges and opportunities that this digital future is creating."

<snip>

The transaction marks the largest technology sector deal on record, topping U.S. chipmaker Avago Technologies' $37 billion offer for rival Broadcom. That deal is still in process.

http://www.cnbc.com/2015/10/12/dell-to-buy-emc-in-deal-worth-about-65-billion.html

 

 

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 CGK    2,189

As an added note..expect layoffs due to the merger.

Plenty of other office staff won't be so lucky. If Dell, as is widely reported, is borrowing tens of billions of dollars to pull off this deal it'll be hard to see the carpet for the pink slips in some offices. Plenty of offices will go because the combined company won't need multiple offices in many cities and will need to save cash in order to be sure of paying off the interest on its acquisition war chest.

http://www.theregister.co.uk/2015/10/12/if_dell_and_emc_really_do_merge_expect_massive_consolidation/

 

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 YourMom2    1,286

As an added note..expect layoffs due to the merger.

Plenty of other office staff won't be so lucky. If Dell, as is widely reported, is borrowing tens of billions of dollars to pull off this deal it'll be hard to see the carpet for the pink slips in some offices. Plenty of offices will go because the combined company won't need multiple offices in many cities and will need to save cash in order to be sure of paying off the interest on its acquisition war chest.

http://www.theregister.co.uk/2015/10/12/if_dell_and_emc_really_do_merge_expect_massive_consolidation/

 

Everything is a cycle, eh? EMC propped up a poor economy in the Milford area by buying up vacant buildings and turning them in to offices and R & D labs back in the 90s. Not many companies were creating jobs then and they had gone through a bad patch but turned it around.....the CEO had also started the company and was deeply committed to it's success. Management didn't make huge salaries but got rewarded in stock options and that stock ultimately split a number of times.. That was a good ride.

The outlook for EMC to prosper under Dell is cloudy to say the least.

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