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Dell CFO Tom Sweet On Why Going Public Will 'Catapult' Dell Forward

‘From a channel perspective, [going public] should open up additional velocity as we think about how do we more effectively go to market and position integrated solutions,’ says Dell Technologies CFO Tom Sweet in an exclusive interview with CRN.

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Tom Sweet On The Benefits Of Dell Going Public In 2019

Dell Technologies plans to "catapult" itself ahead of the competition as a public company through an improved capital structure that will accelerate VMware integrations, enable financial flexibility for future acquisitions and provide sales "velocity" for channel partners, said Dell CFO Tom Sweet in an exclusive interview with CRN.

"Think about the fact that we at a Dell Technologies level own 81 percent of VMware, but yet we are sharing that VMware economic stake with this Class V tracker stock. The dynamic that it created was putting friction in the system in terms of our capability to drive integrated solutions effectively across the family of companies," said Sweet, a 21-year Dell veteran who as executive vice president and CFO helped Dell pull off one of the largest private equity buyouts in history, the $67 billion acquisition of EMC, and now Dell's return as a public company.

On Dec. 11, more than 61 percent of shareholders approved Dell Technologies’ bid to become public though a VMware stock swap deal. Dell Technologies Class C shares are set to trade on the New York Stock Exchange as the symbol DELL on Dec. 28, 2018. Sweet talks to CRN about transitioning to a public entity, activist investor Carl Icahn, and Dell's strategy to beat the competition in 2019.

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