|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||72.99 - 76.25|
|52-week range||59.93 - 92.40|
|PE ratio (TTM)||N/A|
|Earnings date||6 Jun 2018 - 11 Jun 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||102.17|
The key to Dell convincing VMware to move forward with a merger may be the value found in rolling up Dell's tracker stock.
Based out of Austin, Texas, the tech mogul has snapped up two super-deluxe condominiums in New York and Boston in recent years.
T. Rowe Price Group, the largest independent shareholder of VMware, opposes a potential merger of the private Dell Technologies with VMware. Such a transaction would be “detrimental to VMware,” Taymour Tamaddon, portfolio manager of the T. Rowe Institutional Large-Cap Growth fund (TRLGX), tells Barron’s. T Rowe Price held 12.4 million shares of VMware (ticker VMW) on Dec. 31, 2017, or about 17% of the public float in the company, and 3% of the total shares outstanding. Dell holds an 82% interest in VMware, which has 403 million shares outstanding.
Stitch Fix, Microsoft, Amazon and General Electric are the companies to watch.
One of VMware Inc.’s largest investors called on its board to end talks with Dell Technologies about a potential reverse merger, arguing it would be a “terrible deal” for the company and shareholders.
Privately held Dell, majority owner of VMware (VMW), this morning reported quarterly results, and the Street is of course picking through it for clues to VMware, given that the latter’s stock has been weighed down by rumors Michael Dell would like to take his company public via a reverse merger with VMware. The company this morning didn’t comment on such speculation, but Keith Bachman of BMO Capital, who has an Outperform rating on VMware shares, concludes from today’s conference call with management that “some form of transaction is more likely to occur than not." He feels that is the case given that "VMware contributes a significant portion of Dell’s consolidated free cash flow, particularly since storage results remain weak." He explains: In FY2018, Dell generated consolidated OCF of $6.8 billion and FCF of $5.2 billion, including VMware’s contribution of $3.2 billion and $2.9 billion, respectively, or over 50% of Dell’s consolidated FCFs.
Costco, Snap, Apple and Coca-Cola are the companies to watch.
The Round Rock, Texas-based company said it had a loss of 51 cents per share. Earnings, adjusted for one-time gains and costs, were $2.39 per share. The computer and technology services provider posted ...
Analyst Matt Kimball takes a look at bare metal cloud provider Packet's new offering based on Dell EMC’s R6415 rack server.
The boutique research house GBH Insights today offers up a report from analyst Daniel Ives, who takes a look at the speculation about VMware (VMW), and whether it may be forced to merge with Dell, and concludes, much as my colleague Andrew Bary did in this week’s Barron’s print magazine, that the move would be a very bad one for VMware shareholders. Reports surfaced late last week that Michael Dell, founder and CEO of Dell, is working on details of merging his privately held company into VMware, of which Dell is the majority owner, as a way to bring Dell public again.
Five years after Michael Dell took Dell private in a leveraged buyout that aroused shareholder opposition and likely shortchanged investors, he could soon unveil another controversial transaction: a combination of private Dell Technologies with VMware, the software company in which Dell holds an 82% stake. VMware shares (VMW) fell a total of 12% on Thursday and Friday, to $116, in the wake of a CNBC report that Dell and VMware are considering a so-called reverse merger in which VMware would issue shares to Dell Technologies and allow it to go public without doing a conventional IPO.
As mentioned earlier, most analysts looking at yesterday’s better than expected fiscal Q4 report from virtualization pioneer VMware (VMW) are concluding that financials don’t matter as much as Michael Dell’s rumored interest in taking the company private via a reverse merger. VMware shareholders have little to no recourse for any action taken by parent company Dell.
The tech entrepreneur’s record-breaking purchase of a New York City condominium remained a secret for years, thanks to legal agreements and LLCs
Shares of virtualization pioneer VMware (VMW) are down 66 cents in late trading, or half a percent, at $123, after the company this afternoon reported fiscal Q4 revenue and earnings that topped analysts’ expectations, and affirmed a previously offered outlook for 2019. The report follows a drop in VMware stock during the regular session of 6%, prompted by a CNBC report that said Michael Dell, controlling shareholder of privately held Dell, is considering a reverse merger between Dell and VMware, of which it already owns the majority of shares outstanding, as my colleague Andrew Bary related. As Andrew notes, the report was actually good for the tracking stock for Dell's investment in VMware, DVMT, which closed up 1.5% today.