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EMC SVP Tries To Convince Employees: 7 Reasons Dell Deal Makes Sense For Us

EMC sales executive Steve Crowe defended his company's $67 billion merger with Dell, saying the move will be a good thing for EMC employees.

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EMC Can Afford It

"I'll talk just some quick financials -- there's been some FUD [Fear, Uncertainty and Doubt] thrown around by a few of our competitors who have said, 'This is a $60 billion-plus debt transaction. If EMC and Dell are going to pay the interest, we're going to have to starve our research and development.' Nothing could be further from the truth. As a matter of fact, our competitor who is spreading some of this FUD, they are the ones that say EMC is going to have to pay $2.5 billion a year in interest. You know what? Today, EMC generates almost $5 billion a year in cash flow. We already give almost $3 billion a year back to our shareholders through dividends and share buybacks. That $3 billion can just be used now to service the debt interest, and we don’t have to touch our R&D. In fact, we can increase our R&D and invest more in innovation. Again, we have the financial wherewithal to do this and allow us to continue to innovate and in fact double down [on] our innovation going forward."

 
 
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