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Michael Dell On VMware Spin-Off, Supply Shortages And Channel Commitment

“We’ve never been more optimistic about our ability to innovate, delight customers and deliver growth, and create value for all of our shareholders in the coming years,” said Dell in an exclusive interview with CRN.

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Regarding Dell’s upcoming spin-off of VMware, talk about Dell’s capital structure and what you see ahead for Dell without being directly attached to VMware?

This is expected to occur in November. I think it absolutely creates additional growth opportunities for both Dell Technologies and for VMware, and also unlocks a lot of value for stakeholders. The relationship between the companies has never been stronger. We’ve created a unique and differentiated commercial agreement that essentially formalizes all the things we’ve been doing. So you know about Vx:Rail, all the stuff we’ve been doing with SD-WAN, software-defined networks, and all the joint product developments around supporting VMware Cloud Foundation and the multi-cloud platforms—all that continues uninterrupted. The companies will continue to partner in a super strong way.

It does simplify our ownership structure and capital structures that unlocks shareholder value and drives down our debt. We’ve been paying down debt aggressively, and this will accelerate all of that.

Look, I’ll continue to be the chairman of both companies and the largest shareholder of both companies. Dell and VMware are going to partner super closely together.

From a customer and partner perspective, the headline is: don’t expect any big changes. It’s great news for all of our stakeholders. I’ve explained this to certainly hundreds of customers one-on-one and everybody’s like, ‘Great. We get it.’

 
 
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