#EMC STOCK CONVERTED TO DELL STOCK SYMBOL SOFTWARE#
has been investing in research and development and expanding its software and services business as those in the technology industry continue to struggle with soft PC sales.ĮMC meanwhile has been shifting from a provider of data storage hardware such as on-premise data centres to offering a more comprehensive suite of products to businesses, from cloud storage to security offerings. Since going private in a $25 billion deal completed in 2013, Dell Inc. The Dell-EMC union is an illustration of how older technology companies are scrambling to adapt to the upheaval unleashed by Apple's introduction of the trendsetting iPhone eight years ago and the advent of digital services that are hosted in remote data centres so they can be reached by any Internet-connected device. The price makes this the largest deal ever between two technology companies, eclipsing Avago Technologies' proposed $37 billion acquisition of rival chipmaker Broadcom announced five months ago. The acquisition announced Monday marks Dell's latest attempt to lessen its dependence on the PC industry that it helped pioneer as demand for desktop and laptop machines weakens amid the growing popularity of smartphones and tablets.
NEW YORK - Dell is buying data storage company EMC for $67 billion in a huge bet on a segment of technology that has proven to be more profitable than the slumping personal computer market.
0 kommentar(er)
