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5 Big Things To Know About Dell’s Stock Price One Month In
Who Owns DELL?
Although Dell is now listed on the NYSE, public holders only own an approximately 22 percent stake in the company. Michael Dell is by far the largest single shareholder of DELL, owning around 55 percent of the company. Private equity firm Silver Lake Partners, which owns approximately 18 percent, plans to invest in Dell for the long run, according to Dell’s CFO Sweet. “Silver Lake is completely in. They're long term holders,” said Sweet. “They have repeatedly told us that they're in for the long term.”
Dell Technologies is projecting sales of $91 billion for its fiscal year 2019, which ends Feb. 1, up from $80 billion in fiscal year 2018.
“The momentum in the business is quite strong. If you look at our data center business, we are the largest and we're bigger than Cisco. Bigger than IBM. Bigger than HPE,” said Michael Dell. “We're larger and growing a lot faster. So if you step back and think about it in hindsight, what we've done is we combined the leading storage company with the leading server company which created the leading hardware infrastructure company and we combined that with the leading software infrastructure company. So now you got the essential infrastructure company. It all looks like a beautiful picture.”