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Michael Saul Dell (born February 23, 1965) is an American billionaire businessman and investor. He is the founder, chairman, and CEO of Dell Technologies , one of the world's largest technology infrastructure companies.
On Monday, Dell disclosed that founder and CEO Michael Dell sold 10 million shares at an average price of $122.40 during September, good for a whopping $1.22 billion.
Michael Dell Tony Avelar/AP Images for Dell Inc. Dell's surging stock has supercharged its founder's net worth, raising it from about $45 billion two years ago to $122 billion.
The tech company is now private, but some people think a public offering could come soon.
The Dell Services, Dell Software Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of $7.0 billion, which was used to repay debt. [2] In October 2017, It was reported that Dell would invest $1 billion in IoT research and development. [12] [13] [14] EMC owned around 80% of the stock of VMware. [15]
Dell Technologies stock sank as much as 12% early Wednesday after the company took a cautious approach to its forecast for investors while warning that AI growth "will not be linear.""AI is a ...
Dell stock jumped 8% in January, followed by a 14% gain in February. It kept that momentum going in March with a 21% gain, and notched a 9% gain in April. The stock is up 95% year to date.
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