The stock market effects and shareholder numbers from Dell Technologies’ spin off of VMware are now officially in, revealing signs of things to come.
It was a “landmark day for VMware” when Dell Technologies spun out its 81 percent majority stake in VMware this week, making VMware a standalone company for the first time since 2004, said VMware CEO Raghu Raghuram.
“We are a standalone company once again,” said Raghuram, who’s been with VMware for 18 years, in a blog post. “We now have the flexibility to partner even more deeply with all cloud and on-premises infrastructure companies to create a better foundation that drives results for our customers. And increased flexibility we will have to use equity to complete future acquisitions will help us remain competitive.”
Likewise, Dell Technologies founder CEO Michael Dell said the spin-off of VMware will unlock significant value for stakeholders and put Dell “full speed ahead.”
“We are full speed ahead, solving customer problems, driving progress and capturing opportunities in areas like multi-cloud, edge and telecom,” said Michael Dell, who is also chairman of both Dell and VMware.
From Dell Technologies shares cutting in half to how much VMware stock Michael Dell now owns, CRN breaks down five key stock, shareholder and company information that investors, channel partners and customers should know based off several Dell and VMware filings with the U.S. Securities and Exchange Commission.