Arab Today, arab today dell buys emc storage for 67bn
Last Updated : GMT 15:50:32
Arab Today, arab today
Arab Today, arab today

Dell buys EMC storage for $67bn

Arab Today, arab today

Arab Today, arab today Dell buys EMC storage for $67bn

US computer giant Dell
New York - AFP

Computer giant Dell Inc announced Monday it was buying cloud computing company EMC Corporation for $67 billion, the biggest ever takeover in the technology industry.

The purchase "will create the world’s largest privately-controlled, integrated technology company," Dell said in a statement. The company "will be a leader in the extremely attractive high-growth areas of the $2 trillion information technology market with complementary product portfolios, sales teams and R&D investment strategies."

Stockholders of EMC, the world's largest provider of data storage systems, will receive approximately $33.15 per share, the statement read.

The new company "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," Dell CEO Michael Dell said.

Dell will be the combined company's chairman and chief executive officer, while EMC CEO Joe Tucci will continue in his position until the transaction closes.

Dell created the company from his dorm room at the University of Texas and led it to become a global heavyweight known for direct service to customers.

In 2013, he led a $24.9 billion buyout to take the company private as it attempts a transformation amid diminishing PC sales and the shift to mobile computing.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dell buys emc storage for 67bn Arab Today, arab today dell buys emc storage for 67bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dell buys emc storage for 67bn Arab Today, arab today dell buys emc storage for 67bn

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday