Michael Dell has told those who are interested in such things that his moves to return Dell to the stock exchange were part of a cunning plan to simplify the business.
In an interview with CNBC, inside the New York Stock Exchange, Michael Dell (pictured) said the current structure is “too complicated” and the move will allow the firm to simplify the structure that currently sees its trade as a tracking stock related to VMware’s performance.
On Monday Dell Technologies announced that it would be relisted as a public company, with VMware remaining independent.
“We have an extraordinary business that’s doing incredibly well”, Dell’s Dell said.
“We brought together the best assets of the industry, we have invested heavily, we changed the trajectory considerably, and if you look at the original businesses that we started with, we’ve had 21 quarters in a row of growth and share in those businesses.
“In the last five years, a lot has changed. We have completely transformed the business, become the essential infrastructure company [and] really changed the profile nature of the company in terms of our capabilities.
“This is about simplifying our capital structure and exposing the value that we’ve created to shareholders.”
