We feel confident about EMC merger; let’s see how our competition reacts to it, says Michael Dell, Chairman and CEO at Dell Technologies.
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Dell Technologies is official.
Dell’s acquisition of EMC (announced late last year) was officially completed on September 07, 2016, thereby creating the world’s largest privately-controlled technology company.
The future roadmap of the new entity Dell Technologies and the related announcements were made during The Global Media and Analyst Briefing Call on September 07, 2016. The briefing call, led by Michael Dell, chairman and CEO, Dell Technologies, was supported by Tom Sweet, CFO, Dell and David Goulden, president, Dell EMC Infrastructure Solutions Group.
Michael Dell in his opening note said, “This is a fantastic day for our customers, our company, our team members and our community employees. We are creating the next great tech company that can do advanced innovation at scale than any company on the planet.”
Talking about the composition of the new Dell Technologies, Michael Dell said, “The two biggest products of Dell Technologies are very familiar. Our client solutions business will continue to be known as Dell and Infrastructure Solutions Business bringing the very best of Dell and EMC will be known as Dell EMC."
"The rest of our family - Pivotal, RSA, SecureWorks, Virtustream and VMware – will continue to keep their independence and freedom to develop their own products and systems," he said.
IDG India asked Michael Dell to respond on the real impact of Dell Technologies and how it will change the face of the competition landscape.
“HP has split and now HPE is reported to be headed for the private route and another foe IBM is becoming more software-centric. But Dell Technologies is encompassing everything – hardware, software, cloud, services – under one roof,” we asked him.
"I can’t comment on the rumors related to other companies," said Michael Dell. Of Dell, he said, “Dell Technologies is an industry-changing event. If you think about the other companies out there, they are in some form or other reacting to what we have done so far. That basically forms their strategy.”
Michael Dell, emphasizing on the absolute value proposition of Dell Technologies said, “We at Dell have said for a long time that scale matters. The ability to invest for the long term matters. We think innovation and the breadth of GTM reach matters as well in the modern IT world.”
"We feel that we (Dell and now Dell Technologies) possess the right ability to build interesting fast-growth parts of our industry as well as those where there is consolidation underway," said Michael Dell.
We feel quite confident in the pursuit we have taken and we will see how the competition reacts to it, said Michael Dell.
Major tech industry figures who will be attending include Marc Benioff, Bill Gates, Jack Ma, Bill McDermott, Chuck Robbins and Satya Nadella.
Some are starting to come together, but it looks like the battles will go on for a few more years
The worldwide IT services market is forecast to grow 4.2 per cent in the coming year