Dell Technologies Inc. - DELL STOCK NEWS

Vodafone has selected VMware (NYSE: VMW) as its strategic technology partner to automate and orchestrate workloads across its core networks in Europe, starting with 5G standalone. The partnership extends their previous collaboration on the Telco Cloud Infrastructure, resulting in a 40% increase in productivity and cost savings of up to 55%. The rollout of VMware's Telco Cloud Platform aims to streamline various network functions, supporting Vodafone's Tech 2025 initiative. Initially, the platform will be deployed in eight markets, with plans for expansion across all European markets.

VMware's recent study indicates a growing trend in employee surveillance as 70% of companies are either implementing or planning to implement monitoring measures since adopting hybrid work models. While these measures include tracking emails, web activity, and video surveillance, 39% of companies report increased employee turnover. Conversely, 75% of employees feel valued based on performance rather than time in the office. The study highlights the need for balance between performance monitoring and employee trust, emphasizing that transparency is critical in a rapidly evolving work environment.

Login VSI announces the appointment of Tod Nielsen and Geeta Sachdev to its Board of Directors, enhancing leadership with extensive experience in software and technology. Nielsen, currently CEO of Talkwalker, brings over 30 years of experience from firms including Salesforce and Oracle. Sachdev, former CMO of Turbonomic, has over 25 years in marketing and product development, including roles at Solarwinds (NYSE: SWI) and Dell (NASDAQ: DELL). Their expertise is expected to accelerate Login VSI's growth, especially in improving end-user experience.

Dell Technologies will hold a conference call on November 23, 2021, at 4:30 p.m. CST, to discuss its fiscal 2022 third quarter financial results. The conference will be accessible via a live audio-only webcast on the company's website, where an archived version will also be available. Prior to the call, Dell will release its financial results accompanied by detailed statements and presentations that can be downloaded from its investor relations site.

The State of Oklahoma is enhancing its data center infrastructure in partnership with Dell Technologies to advance its digital transformation. This initiative aims to modernize disaster recovery, protect citizen data, and streamline services for its four million residents. In under six months, Oklahoma migrated over 2.6 petabytes of data to a remote data center equipped with advanced Dell technologies, enhancing its resilience against over 3.8 trillion cyberattacks. This modernization ensures improved operational efficiency and disaster recovery capabilities for state agencies.

VMware successfully completed its spin-off from Dell Technologies, enhancing operational and financial flexibility. The spin-off includes a special cash dividend of $11.5 billion, translating to $27.40 per share, payable on November 1, 2021. This strategic move allows VMware to execute its multi-cloud strategy more effectively. The collaboration with Dell will continue, ensuring joint go-to-market efforts and support for mutual customers.

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.