Trending News|September 07, 2016 10:19 EDT
Dell Merger News & Updates: $67-B EMC Deal To Finalize On Sept. 7
There's another news on Sept. 7 apart from the release of the iPhone 7, and that's when the record $67-billion Dell merger with EMC will finally close.
By that time, the Chinese Ministry of Commerce would have given the go signal for the merger to commence. After everything is in place, Dell Technologies would then start operations.
"This is an historic moment for both Dell and EMC," CEO Michael Dell said in a statement. "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."
The Dell merger with EMC will position the former into a global powerhouse in enterprise solutions and networking, cutting across sectors like "digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security," said the news statement.
The Dell merger immediately transformed the company-especially with the split of HP-as the biggest enterprise solutions provider in the world.
Analyst Anthony Miller, TechMarketView managing partner, said that the deal is sending out wrong signals to the rest of the tech world that bigger is better. He alleged, "A private equity firm buys into a disk storage manufacturer and marries it to a PC manufacturer because someone thinks this is the future of IT. I beg to differ."
But Michael Dell said that it's the whole point of the Dell merger because the news will send ripples throughout the tech industry; and the other companies will have to play catch up. Or as the CEO puts it, "It's go big or go home."