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Dell To Cut About 6,600 Jobs, Battered By Plunging PC Sales
Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go.
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Broadcom Said to Be in Talks to Acquire VMware
Broadcom is in talks to acquire cloud service provider VMware Inc, people familiar with the matter told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The deal terms under discussion could not be learned.
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Apple Tops Tablet, HP Leads Chromebook Markets as Global Shipments See Massive Growth in Q1 2021: IDC
Tablets registered a growth of 55.2 percent with shipments totalling 39.9 million units, while Chromebooks grew by 357.1 percent with 13 million units shipped in Q1 2021, International Data Corporation (IDC) said in a report. Samsung and Lenovo registered growth in both tablets and Chromebook shipments.
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Dell Sued By Investor Carl Icahn Over IPO Plans
Carl Icahn called the proposed deal a "conflicted transaction that benefits the controlling stockholders, at the expense of the DVMT stockholders". Dell said in July it would pay $21.7 billion in cash and stock to buy back shares tied to its interest in software company VMware Inc, returning it to the stock market without an initial public offering...
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Foxconn Says Apple, Dell Part of Its Bid for Toshiba Chip Business
The Taiwanese firm is also in discussions with Google, Microsoft Corp and Cisco Systems Inc about their participation in the bid.
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Dell Closes $67-Billion Merger Deal With EMC Corp
Dell Inc on Wednesday said it completed its $67-billion deal to acquire EMC Corp, creating the world's largest privately-controlled technology company.
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As Technology Shifts More Layoffs Loom At Tech Companies
Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said.
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Francisco Partners, Elliott Near $2-Billion Dell Software Division Deal: Report
Buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in advanced talks to acquire Dell Inc's software division for more than $2 billion, three people familiar with the matter said.
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Dell Cyber Security Unit Raises $112 Million In IPO
Dell Inc's cyber security unit SecureWorks Corp raised $112 million in the first US initial public offering of a technology company in 2016, less than it had hoped for, amid investor scepticism over its profit margins and prospects.
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Dell Cyber Security Unit Valued at up to $1.42 Billion: Report
Dell Inc's cyber security unit, SecureWorks Corp, could be valued at up to $1.42 billion in its initial public offering, the first major US listing of a technology company this year.
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Japan's NTT Data Agrees To Buy Dell's IT Services Unit For $3 Billion
Japan's NTT Data Corp said on Monday it has agreed to buy Dell Inc's information technology consulting division for over dollar 3 billion to expand in North America and bolster its services business.
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Dell Nears Sale Of IT Services Unit To Japan's NTT Data: Report
Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan's NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday.
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TCS Back in Race to Acquire Perot Systems: Report
India's biggest outsourcer TCS has restarted talks with Dell to acquire Perot Systems, an IT management business of Dell Inc, the Economic Times newspaper reported, citing sources.
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Dell Eyes $10 Billion Asset Sales Ahead of EMC Merger: Report
Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp, according to people familiar with the matter.
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EMC to Pay up to $2.5 billion to Dell if it Opts for Rival Bid
EMC Corp said it would pay Dell Inc up to $2.5 billion in termination fees if the data-storage company accepts a "superior proposal".
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Dell To Cut About 6,600 Jobs, Battered By Plunging PC Sales
Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go.
-
Broadcom Said to Be in Talks to Acquire VMware
Broadcom is in talks to acquire cloud service provider VMware Inc, people familiar with the matter told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The deal terms under discussion could not be learned.
-
Apple Tops Tablet, HP Leads Chromebook Markets as Global Shipments See Massive Growth in Q1 2021: IDC
Tablets registered a growth of 55.2 percent with shipments totalling 39.9 million units, while Chromebooks grew by 357.1 percent with 13 million units shipped in Q1 2021, International Data Corporation (IDC) said in a report. Samsung and Lenovo registered growth in both tablets and Chromebook shipments.
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Dell Sued By Investor Carl Icahn Over IPO Plans
Carl Icahn called the proposed deal a "conflicted transaction that benefits the controlling stockholders, at the expense of the DVMT stockholders". Dell said in July it would pay $21.7 billion in cash and stock to buy back shares tied to its interest in software company VMware Inc, returning it to the stock market without an initial public offering...
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Foxconn Says Apple, Dell Part of Its Bid for Toshiba Chip Business
The Taiwanese firm is also in discussions with Google, Microsoft Corp and Cisco Systems Inc about their participation in the bid.
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Dell Closes $67-Billion Merger Deal With EMC Corp
Dell Inc on Wednesday said it completed its $67-billion deal to acquire EMC Corp, creating the world's largest privately-controlled technology company.
-
As Technology Shifts More Layoffs Loom At Tech Companies
Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said.
-
Francisco Partners, Elliott Near $2-Billion Dell Software Division Deal: Report
Buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in advanced talks to acquire Dell Inc's software division for more than $2 billion, three people familiar with the matter said.
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Dell Cyber Security Unit Raises $112 Million In IPO
Dell Inc's cyber security unit SecureWorks Corp raised $112 million in the first US initial public offering of a technology company in 2016, less than it had hoped for, amid investor scepticism over its profit margins and prospects.
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Dell Cyber Security Unit Valued at up to $1.42 Billion: Report
Dell Inc's cyber security unit, SecureWorks Corp, could be valued at up to $1.42 billion in its initial public offering, the first major US listing of a technology company this year.
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Japan's NTT Data Agrees To Buy Dell's IT Services Unit For $3 Billion
Japan's NTT Data Corp said on Monday it has agreed to buy Dell Inc's information technology consulting division for over dollar 3 billion to expand in North America and bolster its services business.
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Dell Nears Sale Of IT Services Unit To Japan's NTT Data: Report
Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan's NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday.
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TCS Back in Race to Acquire Perot Systems: Report
India's biggest outsourcer TCS has restarted talks with Dell to acquire Perot Systems, an IT management business of Dell Inc, the Economic Times newspaper reported, citing sources.
-
Dell Eyes $10 Billion Asset Sales Ahead of EMC Merger: Report
Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp, according to people familiar with the matter.
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EMC to Pay up to $2.5 billion to Dell if it Opts for Rival Bid
EMC Corp said it would pay Dell Inc up to $2.5 billion in termination fees if the data-storage company accepts a "superior proposal".
