As of today, EMC Corporation is no longer an independent company. Who thought we would see this day? From now on, EMC is simply a brand for parts of Dell’s Infrastructure Solutions and Services businesses. This marks a major shift in the enterprise storage world, for IT, and perhaps for American business in general.
I’m not a stock analyst, and this is merely my own quick calculation, but this doesn’t seem like a good deal for shareholders. Dell walks away with a huge amount of value and shareholders are left hoping for the best. No wonder shares of EMC are still well below the alleged “$33.15 per share” offer price! Right now, it looks like they’re valuing that VMware tracking stock at only $4 per share, not the $9 Dell hoped.