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5 Big Things To Know About Dell Selling (Or Buying) VMware

‘The Dell ownership structure has been an albatross around the VMware story and ultimately causes the stock to trade at a discount,’ says equity research analyst Daniel Ives of Wedbush Securities.

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No Plans To Sell Stake Because Of Tax Benefits

Dell Technologies Chief Financial Officer Tom Sweet (pictured) told investors at a conference last week that there were no plans to sell Dell’s 81 percent stake in VMware due to the tax benefits it receives, according to a note by Morgan Stanley equity research analyst Katy Huberty.

“While we are not aware of Dell’s plans nor has Dell confirmed that it is exploring options for its VMware stake, Dell’s recent public comments suggest the most likely path is the one that Dell is on -- continuing to focus on share gains, tighter integration across Dell Technologies assets, and de-levering,” said Huberty.

In a recent interview with CRN, Dell Technologies founder and CEO Michael Dell said jointly co-engineered solutions between Dell and VMware will “continue to grow and get better.”

“If you look at what we did with VxRail and VxRack, just as an interesting example, those two combined have generated more than $4.5 billion in orders since inception. We’ve actually been exceeding the ambitious targets that we set for ourselves there. Those solutions continue to grow and get better,” said Dell. “Now we have those with VMware Cloud Foundation, and we continue to enhance the combined solutions with the Dell Technologies Cloud, with Unifi ed Workspace, with our SmartFabric Director— the innovation engine is on high.”

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