![]() VMware’s slack price probably reflected general uncertainty about its future, along with potential unease about the complicated structure of the deal’s financing, which included a new “tracking stock” offered to EMC shareholders that will be sold separately from the main VMware stock. Shares of VMware Inc., a publicly traded server software company that is 80 percent owned by EMC, lost 8.1 percent in the day’s trading, finishing Monday at $72.27. Dell, which made its name selling PCs to consumers in the 1990s, has been reinventing itself as a supplier of servers and other business computing gear.Įlliott Management Corp., the hedge fund firm that had been pushing EMC to break up for about a year, said it backed the deal.ĮMC stock finished the day at $28.35, a rise of less than 2 percent. “We are committed to over time making sure that we grow our head count in Massachusetts.”īy combining, Dell and EMC are able to put segments of the IT market together under one roof. ![]() “We expect this to be the headquarters of a major, $30 billion-plus business, which is growing,” said David Goulden, the head of EMC’s data-storage division. ![]() EMC employs about 9,700 in the state, and about 70,000 worldwide. While acknowledging that there could be some job cuts, the companies said they plan to grow the Massachusetts portion of their operation in the coming years. Management from EMC, the state’s largest tech company and one of its biggest employers, and Dell downplayed the threat of layoffs as a result of the merger. He noted that the per-share sale price of EMC of $33.15 was higher than the stock had traded in nearly 15 years.
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