Who will buy VMware after Dell spinoff?

In fact, Dell CEO Michael Dell and private equity partner Silver Lake Partners will retain a majority stake in VMware following its spin-off later this year. When Dell Technologies completes its spin-offs of VMware, Michael Dell is set to own approximately 41 percent of VMware, sources confirmed with CRN.

Who will be next VMware CEO?

Raghuram, currently VMware’s chief operating officer in charge of products and cloud services, will take the reins in June, the company said on Wednesday. Chief financial officer Zane Rowe has been serving as VMware’s interim CEO since February.

Is VMware stock a buy?

What is VMware worth? Good news, investors! VMware is still a bargain right now. My valuation model shows that the intrinsic value for the stock is $201.04, but it is currently trading at US$141 on the share market, meaning that there is still an opportunity to buy now.

Is VMware owned by Dell?

Dell acquired VMware as part of the massive $58 billion EMC acquisition (announced as $67 billion) in 2015. Both companies will remain important partners, with a differentiated advantage in how we bring solutions to customers,” Dell CEO Michael Dell said in a statement.

How much does the CEO of VMware make?

Gelsinger owns over 13,064 units of Vmware stock worth over $29,414,490 and over the last 16 years he sold VMW stock worth over $410,273. In addition, he makes $42,549,700 as Chief Executive Officer and Director at Vmware.

Why is Dell spinning off VMware?

The spin-off will simplify the capital structure, making it easier for both companies to raise capital at the lowest cost. The companies are also expected to get an investment-grade credit rating. Dell Technologies provides the go-to-market scale for VMware’s product portfolio.

Why is VMware so cheap?

Admittedly, it is likely cheap because the business has become slow-growth and commoditized. A sudden increase in demand for PCs as more people work from home could help Dell stock in the short term. However, most of the company’s growth comes from its VMWare subsidiary.

Is VMware a good buy?

Is Dell losing money?

SAN FRANCISCO — Dell dell reported lower-than-expected quarterly net income Thursday in part because it is losing money on every U.S. consumer PC it sells. Sales in Dell’s U.S. consumer division fell 6% in the computer maker’s fiscal third quarter, which ended Nov. 2.

Is Dell owned by HP?

Dell, who 32 years ago started a personal computer business from his college dorm room, officially completed his giant $67 billion merger with EMC, a data storage company with interests in software and security. The other half of the old company, which specializes in PC and printer sales, is now called HP Inc.

Is it possible for Dell to buy VMware?

When Dell controlled VMware thanks to majority ownership, a hostile takeover felt out of the question. Now, VMware is a more possible target to the right company with the right offer — provided that the Dell spinout works as planned. Buying VMware would be an expensive effort, however.

What’s the best way to buy a VM?

Purchase directly through VMware Sales 1 Call – 1-877-4VMware (1-877-486-9273). Outside of North America dial 1-650-427-5000. 2 For International sales, please visit VMware Contact Information and select your geography. 3 Send a message using our online form. More …

How much would it cost to buy VMware?

Buying VMware would be an expensive effort, however. It’s worth around $67 billion today. Presuming a large premium would be needed to take this particular technology chess piece off the competitive board, it could cost $100 billion or more to snag VMware from the public markets.

When did Dell take a majority stake in VMware?

Dell acquired a majority stake in VMWare when it bought out VMWare’s previous owner, EMC Corporation, in 2016. Since Dell was private at that time, many came to regard VMWare stock as a proxy for Dell. However, a tax rule states that Dell and EMC must continuously operate together for five years to execute a tax-free spinoff.