Dell Technologies
Dell to ‘Spin-Off’ Shares in VMware
Image sourced from TechCrunch Dell has revealed its plan to spin off its 81% stake in VMware in an attempt to reduce its debt. According to TechCrunch, the way that the deal works is that “Dell plans to offer VMware shareholders a special dividend of between $11.5 and $12 billion. As Dell owns approximately 81% of those shares that would work out to somewhere between $9.3 and $9.7 billion coming into Dell’s coffers when the deal closes later this year”. Dell CEO, Michael Dell says that by spinning off VMware, “we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders. Both companies will remain important partners, with a differentiated advantage in how we bring solutions to customers”. This is a move long ...
Growing Female Talent in the Tech Workforce
Sourced from TechCabal International Women’s Day, 8 March 2021, is a celebration of progress and recognition of work that still needs to be done to advance women in business and society. In an annual study produced by the World Bank titled “Women, Business and the Law 2021” the gender inequality amidst the global COVID-19 Pandemic is explored looking at eight key pillars. The pillars are mobility, workplace, pay, marriage, parenthood, entrepreneurship, assets and pension. The report analyses laws and regulations affecting women’s economic opportunities in 190 countries and shows promising results. Results show that despite the difficulties of the global pandemic, many economies have made gender equality a priority. The results are encouraging with every region surveyed improving its a...
