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Shares in Dell Technologies (DELL) spiked 14% in pre-market trading on a report that the PC maker is mulling a spinoff of its roughly $50 billion stake in cloud computing software maker VMware Inc ...
Dell Technologies (DELL) will spin off its 80.6% stake in VMware (VMW), creating two publicly-traded companies and raising cash to pay down debt.
Paul Maritz went over to EMC as Head of Strategy before moving on to lead the Pivotal spin-off. [25] In March 2013, VMware announced the corporate spin-off of Pivotal Software, with General Electric investing in the company. Most of VMware's application- and developer-oriented products, including Spring, tc Server, Cloud Foundry, RabbitMQ ...
When VMware was acquired by Dell, a reverse merge was in place so the latter would be back to the stock market as a public company. [11] In July 2020, Fisker, Inc announced plans to go public via a merger with Spartan Acquisition Corp (SPAQ), a "blank-check" company backed by Apollo Global Management. [12]
The first model is the VxRack 1032 based on EMC ScaleIO software defined storage. The second model was announced at VMware World in September 2015, called the VxRack 1034 based around VMware VSAN. Both models use commodity hardware (rumoured to be sourced from Quanta) with an attached local disk presented via ScaleIO or VSAN software.
September 8, 1999: ConvergeNet Technologies Data storage United States $ 340,688,000 [1] 2 September 30, 1999: NetSage Software United States $ 10,000,000 [2] 3 May 31, 2002: Plural [3] IT services provider United States — [4] 4 May 8, 2006: Alienware: Computer desktops United States — [5] 5 November 14, 2006: ACS Information technology ...
Paul Maritz became Pivotal's chief executive immediately after the spin-out. [5] Maritz had joined EMC in February 2008 when Pi Corporation, a company he co-founded, was acquired and was previously the CEO of VMware. [6] [7] The Greenplum Database (acquired by EMC in 2010) formed the basis of a division selling software for the big data market. [8]
Dell was born in 1965 in Houston to a Jewish family. His parents were Lorraine Charlotte (née Langfan), a stockbroker, [6] and Alexander Dell, an orthodontist. Michael attended Herod Elementary School in Houston. [7] In a bid to enter business early, he applied to take a high school equivalency exam at age eight. [8]
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