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Monday, March 12, 2018

Five Companies VMware Should Buy Instead of Dell: Shareholder

VMware Inc. (VMW) shareholder Jericho Capital Asset Management L.P. denounced a reverse merger with parent Dell Technologies Inc. in a Monday letter to independent shareholders.  Buying the privately held parent would be a "a terrible deal for VMW shareholders," Jericho Capital's Josh Resnick wrote in a letter to independent directors of VMware made public Monday. The New York firm, which says it holds 1.8% of @VMware , suggested the company look at  @RedHat Inc. (RHT - Get Report) or a handful of other tech companies before considering a deal with #DellTechnologies . "Even the most casual observer can see that VMW gains nothing by saddling the company's faster growth, net cash, highly strategic software business with the dead weight of Dell's slower growth, heavily debt-laden, legacy hardware-dependent entity," Resnick said.  Shares of VMware gained 1.9% to $127.56 on Monday. 

https://www.thestreet.com/story/14519725/1/five-companies-vmware-should-buy-instead-of-dell.html

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