Dell Technologies Stock Price, News & Analysis

VMware has set October 29, 2021 as the record date for a conditional special dividend of $11.5 billion, payable to stockholders as part of its spin-off from Dell Technologies. This special dividend will be distributed pro-rata upon meeting certain conditions outlined in the Separation and Distribution Agreement. The payment date is scheduled for November 1, 2021, with an ex-dividend date of November 2, 2021. Tax implications indicate that approximately 39.49% may be treated as taxable dividend income.

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.

Dell Technologies has introduced new edge innovations to enhance its infrastructure and PC portfolio, aimed at organizations looking to optimize data management outside traditional data centers. Key updates include Dell EMC VxRail satellite nodes, which allow for easier deployment at edge sites; Dell Technologies Validated Design for Manufacturing Edge with Litmus, facilitating quick decision-making in manufacturing; and Dell EMC Edge Gateway for enhanced connectivity. The company reports that 69% of Fortune 100 companies are utilizing its edge solutions, reinforcing its position in the evolving tech landscape.

Dell Technologies has introduced new telecom software and solutions to help communication service providers (CSPs) enhance their open, cloud-native network deployments. Key offerings include the Bare Metal Orchestrator, designed to simplify the management of distributed servers, potentially reducing operational costs by up to 57%. New partnerships with Mavenir and Wind River expand Dell's ecosystem, aiming to accelerate the adoption of 5G and Open RAN technologies. Additionally, Dell provides expert support services to ensure seamless network operations.

Telia Company partners with VMware to accelerate its transition to a cloud-native infrastructure, essential for deploying 5G networks. The collaboration allows Telia to enhance operational efficiency and flexibility, catering to its 24 million customers across the Nordics and Baltics. Currently, over 50% of Telia's network traffic runs on VMware's Telco Cloud Platform, with plans for 100% adoption by the end of 2021. This transition aims to create a fully cloud-native network for improved customer experiences.

Dell Technologies (NYSE: DELL) announces a multi-year collaboration with Yara Shahidi to motivate Gen-Z to leverage technology for self-expression and creativity. The campaign, 'Expand Your YOUniverse,' features Shahidi and aims to inspire young leaders through technology. This partnership also involves Ghetto Film School, focusing on educating aspiring storytellers. Shahidi emphasizes the significance of technology in empowering the next generation, aligning with Dell's commitment to drive positive change.

At VMworld 2021, VMware (NYSE: VMW) launched its Cross-Cloud services aimed at enhancing customer flexibility and security across multiple cloud environments. With 75% of VMware customers using two or more public clouds, the need for a cloud-agnostic approach is paramount. The Cross-Cloud services offer accelerated cloud journeys, cost efficiency, and control for digital businesses. Key innovations include advancements in cloud infrastructure, app development, edge computing, and security. This strategy positions VMware favorably in the rapidly evolving multi-cloud landscape.