Cloudy days ahead for enterprise IT vendors; tangentially, see TPG to Buy Intel’s McAfee Security Unit in $4.2 Billion Deal (Bloomberg)
"On Wednesday, Mr. Dell, who 32 years ago started a personal computer business from his college dorm room, officially completed his giant $67 billion merger with EMC, a data storage company with interests in software and security. He also changed the name of his operation to Dell Technologies.Dell Gets Bigger and Hewlett Packard Gets Smaller in Separate Deals - The New York Times
Later in the day, Ms. Whitman, the chief executive of Hewlett Packard Enterprise, announced a sale of most of her company’s software assets to a British outfit called Micro Focus for about $8.8 billion. H.P.E. also announced higher earnings in the company’s most recent quarter, but a decline in revenue from the same period a year ago."