Sunday 12 June 2016

VMware nears completion of $67B Dell-EMC merger

VMware CEO Pat Gelsinger has a lot on his plate.

As head of software maker Virtual Storage $ 7 billion, which is dab in the middle of the largest ever fusion technology, $ 67 trillion marriage with Dell storage company EMC data. EMC owns approximately 80% of VMware.

While the successful sale takes private EMC, VMware is still a unit traded holding company Michael Dell, Denali. It is expected that the transaction will close after the shareholder vote on 19 July.

Gelsinger believes the mega-merger will lead to new market opportunities that could pump annual sales of VMware. "There are a lot wow" he said. "Things went surprisingly well."

VMware shares have been rising since April, when it reported first quarter sales that were slightly better than Wall Street expectations and issued a sales forecast for the second quarter may beat analyst estimates.

In an interview of 30 minutes to get to the office today US TODAY, Silicon Valley veteran reflected on how VMware has not only changed the field of virtualization software, but is in a unique position to help to pave the way for cloud computing in an even deeper enterprises level.

Also he weighed on various current issues in the world of technology:

No comments:

Post a Comment

Note: only a member of this blog may post a comment.