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Dell Technologies Inc. (NYSE: DELL) is a global leader in providing essential infrastructure for organizations to build their digital future, transforming and protecting their most valuable asset - information. Based in Round Rock, Texas, Dell Technologies is a broad-based information technology vendor, primarily focused on premium personal computers and enterprise on-premises data center hardware. The company holds top-three positions in its core markets, including personal computers, peripheral displays, mainstream servers, and external storage.
At its core, Dell Technologies offers a diverse portfolio of products and services, encompassing high-performance PCs, secure and scalable storage solutions, multifunctional servers, and advanced data protection systems. The company's infrastructure solutions, such as Dell PowerScale storage and Dell PowerProtect data protection, are designed to meet the increased IT demands for AI modeling, validation, and secure data management.
Recent notable achievements include a groundbreaking partnership with Subaru to enhance driver safety using AI and high-performance storage. Subaru's deployment of Dell PowerScale systems has significantly advanced its EyeSight Driver Assist Technology, making driving safer by integrating, analyzing, and utilizing vast amounts of data effectively.
Financially, Dell Technologies has shown resilience in a fluctuating market, reporting $22.3 billion in revenue for its fiscal 2024 fourth quarter, with significant growth in AI-optimized servers. Despite a year-over-year revenue decline, the company's strong cash flow from operations and an increased annual dividend demonstrate its solid financial health and commitment to returning value to shareholders.
Dell Technologies continues to drive innovation through strategic partnerships and robust product offerings. Collaborations with leading organizations like Northwestern Medicine and Hyundai AutoEver showcase Dell's commitment to leveraging AI and edge computing in advancing healthcare and manufacturing processes. Furthermore, the company's expansive edge partner ecosystem and introduction of Dell NativeEdge Blueprints offer enhanced capabilities for managing AI and machine learning applications at the edge.
Environmental, Social, and Governance (ESG) efforts are central to Dell's mission, focusing on driving positive impacts for people and the planet while delivering long-term value. The company is actively improving its sustainability practices, aiming to reduce carbon footprints, enhance data protection, and support innovative healthcare solutions.
Overall, Dell Technologies Inc. is well-positioned to continue leading in the information technology sector, driving digital transformation and providing comprehensive solutions that meet the evolving needs of businesses and individuals worldwide.
Dell Technologies has completed the spin-off of its 81% stake in VMware Inc., distributing 30,678,605 shares of VMware Class A and 307,221,836 shares of Class B stock to its shareholders as of October 29, 2021. Each Class B share was converted to Class A prior to distribution. Dell will receive $9.3 billion from VMware's special cash dividend of $11.5 billion to reduce its debt. Both companies will maintain a commercial agreement for co-development and sales alignment while pursuing growth independently in the data era.
Dell Technologies (NYSE: DELL) announced a special dividend distribution of VMware shares for stockholders, with a final ratio of 0.440626 shares of VMware Class A for each Dell share held as of 5:00 p.m. ET on October 29, 2021. The expected completion date for this distribution is November 1, 2021. Additionally, fractional shares will be compensated in cash. This move signals Dell's continued efforts to enhance shareholder value and manage its portfolio strategically.
VMware (NYSE: VMW) announced a collaboration with eero, an Amazon company, to enhance work-from-home capabilities. This partnership will integrate eero 6 series mesh Wi-Fi systems with VMware's SASE Work from Home solution to improve remote connectivity and security. As a result, employees will benefit from reliable Wi-Fi across their homes and advanced security features. The initiative aims to deliver a seamless experience for remote workers across the U.S.
Dell Technologies unveiled the new XPS Desktop, featuring enhancements that make it the most powerful model yet. It measures nearly 42% larger than its predecessor, boasting 12th Gen Intel Core processors (up to i9) and advanced graphics options from NVIDIA and AMD. The desktop's cooling system is redesigned, making it up to 21% cooler under load and 50% quieter than previous generations. The customizable architecture allows for easy upgrades over time. The XPS Desktop will be available later this fall with Windows 11.
VMware (NYSE: VMW) has announced advancements in its Radio Access Network (RAN) portfolio, focusing on the introduction of the VMware RAN Intelligent Controller (RIC) aimed at facilitating the transition to Open RAN. VMware RIC will enable developers to create applications that enhance network performance and operational flexibility. The platform includes both Centralized and Distributed RICs, offering various functionalities for service providers. VMware's partnership with Aspire Technology aims to streamline RAN testing. Key features include superior performance, operational consistency, and cost reduction for service providers.
VMware has announced advancements to its Telco Cloud Platform, aimed at accelerating service providers' multi-cloud transformations and monetizing 5G services. Key enhancements include the introduction of the VMware Telco Cloud Platform – Public Cloud and VMware Telco Cloud Platform – Edge. These solutions enable seamless integration of public clouds, consistent operations across various environments, and support for automation and network slicing. Over 150 communication service providers globally utilize VMware's platform to enhance operational efficiency and time to market for new services.
VMware has set October 29, 2021 as the record date for a conditional special dividend of
Dell Technologies (NYSE: DELL) has approved a special stock dividend for its shareholders, distributing approximately 81% of its VMware shares. Shareholders of record by October 29, 2021, will receive about 0.44 VMware shares for each Dell share they hold. The distribution date is set for November 1, 2021, and the transaction aims to be tax-free for U.S. federal income tax purposes. No action is needed from shareholders to receive these shares. Additional details will be provided in an information statement around October 21, 2021.
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