Joe Tucci: 10 Things You Need To Know About EMC, VMware, Virtustream And Dell
Submitted by Mark Haranas on
VMware Won't Lose Any Money
Tucci reassured partners and investors that VMware would not be spending or losing any money on the Dell-EMC transaction.
"This transaction will not result in any changes to the rights of the VMware public stockholders. None of the VMware cash flows or debt capacity will be used to finance this transaction. Let me repeat to make sure everyone is clear on this point -- none of the VMware cash flows or debt capacity will be used to finance this transaction," said Tucci. "In fact, they will be used to fuel VMware's innovation and growth."