Dell Technologies lowered its annual revenue forecast after component shortages from supplier Intel blunted growth prospects despite buoyant corporate demand for new PCs.
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Dell Technologies is exploring a sale of RSA Security, a cybersecurity business it hopes could fetch at least US$1-billion, including debt, according to people familiar with the matter.
Back in the day, PCs were hip and investors chased computer stocks to sky-high valuations. Everyone was buying a desktop, and then a laptop, and the companies that supplied them could do no wrong.
Dell Technologies raised its annual profit forecast after reporting quarterly sales and earnings that topped Wall Street estimates on strong corporate demand for computers and software.
HP and Dell Technologies plan to move as much as 30% of their notebook production away from China as global technology giants scramble out of the way of escalating tariffs on US-bound goods.
A UK start-up that designs semiconductors used for artificial intelligence applications has raised $200-million from investors including BMW and Microsoft.
Dell Technologies has won a shareholder vote to return to public markets, putting founder Michael Dell on the winning side of a transformative transaction that polarised investors for the second time in five years.
Microsoft is now the fifth biggest PC manufacturer in the US, according to new data from Gartner.
Dell Technologies, the world’s largest closely held technology company, reported growing sales and raised its outlook for the year in the midst of its $21.7-billion plan to return to public markets.
Dell Technologies will buy out its tracking stock to give it greater control over VMware, a person familiar with the matter said. While VMware will remain independent for now, the move could make