Michael Dell on closing EMC deal: ‘We can think in decades’

The newly named Dell Technologies today announced that the merger with EMC Corp.is complete, effectively establishing ” the world’s largest privately-controlled tech company”.

Dell Technologies currently employs roughly 150,000 people around the world, and it will be a sizeable challenge to combine that many Dell/EMC employees under a new brand and vision now that the merger is a done deal.

That trend has benefited VMware, a publicly traded company that was majority-owned by EMC, and now by Dell Technologies.

Goulden: “Can’t comment on rumours about other companies but can tell you that I think formation of Dell Tech is a landscape changing event, if you think about the other companies out there, they are in one form or another reacting to what we have done, I think that forms their strategy, we have stated for a long time that scale matters”. A tracking stock for VMware (NYSE: VMW) began trading on September 7, the company said during a call with analysts. “Combined, we will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security”, said Michael Dell, chairman and CEO of Dell Technologies.

“We are at the dawn of the next industrial revolution”. Virtual reality and augmented reality are also a big part of the company’s future.

“With the industry’s most comprehensive product portfolio and our solutions specialist approach, Avnet enables our partners to guide their end users toward the goal of using IT organisations to deliver business outcomes for their company”.

“Our debt payments are much less than our competitors pay in share buybacks and dividends and any FUD out there to the contrary is just factually inaccurate”, said Dell.

On day one of Dell Technologies the company outlined commitment to debt reduction, its primary business group, efforts to gain efficiencies over time and counter rivals, which were already issuing statements about the company. The two largest, and most well-known, are the Dell client solutions business and the Dell EMC infrastructure solutions business – both of which are supported by Dell EMC Services.

Dell Technologies is the technology leader in 20 Gartner Magic Quadrants. “We don’t have to cater to short-term thinking that exists in the market, we can think in decades”, Dell said. He added that Dell intends to continue developing similar startups within its own ranks.

Tomkins said he was happy to see Michael Dell at VMworld, especially because Dell talked about keeping VMware’s open ecosystem. Those include cybersecurity firm RSA Security LLC, software- development company Pivotal Software Inc., cloud-software company Virtustream and virtualization software vendor VMware, which will remain public.