Posted on 09/09/2016 11:43:16 AM PDT by Sgt_Schultze
The ink was barely dry on Dell’s acquisition of EMC, the largest technology deal ever, valued at $67 billion when it was announced in October last year – and already the layoff rumors are oozing from the woodwork.
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But Dell needs to save some money, one way or the other. Dell’s corporate credit rating is at the upper end of junk. It’s loaded to the gills with debt, stemming from when it was taken private. Now the EMC deal has piled new debt on the company, including $20 billion of bonds it sold in May, followed by a $5-billion leveraged loan.
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(Excerpt) Read more at wolfstreet.com ...
Thanks! I will definitely consider that option. I had not thought of it, much less that it would do any good, but I will now have to reconsider. Thanks again!
‘Face
Tens of thousands of greedy unscrupulous employers/individuals who hire millions of illegals and these low wage HB types who are taking American jobs, are only driven by profits regardless of consequences.
Do you deny this?
Amazon builds their own commodity servers. Again if an overextended company put together an overextended deal where their only option is now laying off employees and bringing in indentured servants let them go bankrupt.
Let a better company pick up the technology at a discount and run it for a profit properly. What's the point of keeping too many companies around if they need cheap labor to make them successful?
I’ve been saying that since 1999 about the Union. In the dot com bubble the way EMC abused its employees specifically the Field engineers like myself was criminal. We carried pagers and were worked around the clock for years with little time off but we put up with it because the stock was doing great. Then came the tech bubble burst causing EMC stock to tank and subsequent the H-1B invasion.
Die, corporate scum!
PING!
Let’s not forget a lot of things Cruz did, and is doing.
PAX TIBI.
why are you buying storage some a software company?
There are MANY alternatives to the old guard. Do your research.
Talk to resellers - get advice. You can do better.
In my personal finances, EMC and VMWare are a very big deal.
As in PCs and laptops? This EMC deal has nothing to do with that business.
I’ve been in Hopkinton (Support) for 16 years. We’ve probably worked together at one point or another.
People still buying Dells?
People still buying Dells?
I was on vacation catching up and was using my tablet. No copy/paste function so I typed it in and...fat fingered it. I hate touch screens.
LOL, makes sense.
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