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Joe Tucci: 10 Things You Need To Know About EMC, VMware, Virtustream And Dell

The EMC CEO is bullish about the beneficial impacts a Dell-EMC combination will have on VMware shareholders and reveals new information about Virtustream on the company's earnings call.

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VMware Will Benefit Under The New Dell-EMC Umbrella

Tucci said he and Dell CEO Michael Dell have reached out to the CEOs of the key VMware OEM partners to assure them both companies are committed to the software company.

"Dell will be the largest economic owner of VMware by a wide margin. No one has greater incentive to drive VMware's growth and value creation than Dell," said Tucci. "VMware is vital to the strategic success of EMC's combination with Dell."

Despite those comments, VMware's share price has plummeted since the Dell acquisition news. On Oct. 9, the last business day before the news hit, VMware had a market capitalization of $33.2 billion. At the close of the market Thursday, VMware's market capitalization was $23.9 billion, a $9.3 billion drop.

 
 
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