Dell Technologies returned to public markets on Friday, nearly six years after the company’s founder and Chief Executive Officer Michael Dell took it private in what was then the biggest buyout since the financial crisis of 2008.
The computer maker is trading on the New York Stock Exchange under the symbol ‘DELL’, after it bought back shares that tracked the financial performance of software maker VMware, in which Dell held an 81 percent stake. The cash-and-stock deal was worth nearly $24 billion (roughly Rs. 1.7 lakh crores).
Buying back the shares allowed Dell to bypass the traditional IPO process, which would likely have involved grilling by investors over the company’s $52.7 billion (roughly Rs. 3.6 lakh crores) debt pile.
Dell shares opened at $46 (roughly Rs. 3,200) on Friday, marking its market valuation at $16 billion, as per Refinitiv data.
The company was seen as a model of innovation in the early 2000s, pioneering online ordering of custom-configured PCs and working closely with Asian component suppliers and manufacturers to assure rock-bottom production costs.
But it missed the big industry shift to tablet computers, smartphones and high-powered consumer electronics such as music players and gaming consoles later in the decade, and saw sales declining to a little over 10 percent in 2012’s fourth quarter on a fall in shipments.
That forced Michael Dell to take the company off the public market, and look at acquisitions to transform his company from a PC manufacturer into a broader seller of information technology services, ranging from storage and servers to networking and cybersecurity.
The strategy is in sharp contrast to that of rival HP’s, which separated from Hewlett Packard Enterprise Co in 2016, based on the reasoning that two technology companies focused separately on hardware and services would be more nimble.
But Dell’s strategy seems to be paying off, especially as corporates are increasingly turning to one-stop shops to help them manage their IT infrastructure on the cloud.
Dell reported a 15 percent rise in revenue in its latest quarter, and said it expects total adjusted revenue in the range of $90.5 billion to $92 billion in 2019.
The company currently holds 17 percent of the global PC market share year-to-date, behind rival HP Inc’s 23 percent and Lenovo Group Ltd’s 21 percent share, according to data from Canalys.
US Tightens Exports to China’s Chipmaker SMIC, Citing Risk of Military Use
The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding there is an “unacceptable risk” equipment supplied to it could be used for military purposes.Suppliers of certain equipment to Semiconductor Manufacturing International Corporation will now have to apply for individual export licenses, according to a letter from the Commerce…
The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding there is an “unacceptable risk” equipment supplied to it could be used for military purposes.Suppliers of certain equipment to Semiconductor Manufacturing International Corporation will now have to apply for individual export licenses, according to a letter from the Commerce Department dated Friday and seen by Reuters.The latest move marks a shift in US policy from earlier this year, when applicants seeking “military end user” licences to sell to SMIC were told by the Commerce Department that the licenses weren’t necessary, according to three people familiar with the matter.SMIC said it had not received any official notice of the restrictions and said it has no ties with the Chinese military.”SMIC reiterates that it manufactures semiconductors and provides services solely for civilian and commercial end-users and end-uses,” SMIC said.”The Company has no relationship with the Chinese military and does not manufacture for any military end-users or end-uses.”SMIC is the latest leading Chinese technology company to face U.S. trade restrictions related to national security issues or U.S. foreign policy efforts. Telecoms giant Huawei Technologies had its access to high-end chips curtailed by its addition to a Commerce Department blacklist known as the entity list.”There’s been a lot of coverage on the Trump administration’s actions regarding TikTok, but the more significant action – from a global economic standpoint and that will have considerable ripple effects through global supply chains – are the increasing restrictions on SMIC and other Chinese national champions like Huawei,” said Nicholas Klein, a Washington lawyer who specializes in international trade. He said these actions are more likely to draw a retaliatory response from Beijing.The United States has moved to ban the popular short video app TikTok, citing national security concerns stemming from its Chinese ownership.SMIC’s new designation is not as severe as being blacklisted, which makes it difficult to get any export license approved.The Pentagon earlier this month, Reuters was first to report, said it was working with other agencies to determine whether to blacklist SMIC for its purported links to the Chinese military.US companies including Lam Research, KLA, and Applied Materials, which supply chipmaking equipment, may now need to get licenses to ship certain goods to SMIC.It is unclear which suppliers received the letter, but typically once the Commerce Department comes to the conclusion that there is a risk of military use or diversion, it sends that information to the companies.The Commerce Department’s Bureau of Industry and Security declined on Saturday to comment specifically on SMIC, but said it was “constantly monitoring and assessing any potential threats to U.S. national security and foreign policy interests”.The administration has increasingly trained its focus on Chinese companies that bolster Beijing’s military. Last month, the United States blacklisted 24 Chinese companies and targeted people it said were part of construction and military actions in the South China Sea, its first such sanctions against Beijing over the disputed strategic waterway.© Thomson Reuters 2020
5 Affordable Laptops That Are Great for Working From Home
The ongoing pandemic has pushed nearly all of us to work from our homes to ensure our as well as the safety of our loved ones. We’ve handpicked some great affordable laptops that can help you get your work done. These are some of the finest affordable laptops you can buy with 10th generation Intel…
The ongoing pandemic has pushed nearly all of us to work from our homes to ensure our as well as the safety of our loved ones. We’ve handpicked some great affordable laptops that can help you get your work done. These are some of the finest affordable laptops you can buy with 10th generation Intel Core i3 processors for working from home. These laptops are powerful enough to get almost everything done — from editing large spreadsheets to making great videos.Dell 3593 InspironThe new Dell Inspiron 15 3593 is powered by Intel’s 10th generation Core i3 processor. The 10th generation Intel Core processors are powerful enough to help boost your productivity while offering the best-in-class features. The thin-and-light laptop features a 15.6-inch full-HD display with anti-glare coating. This ensures you don’t strain your eyes after spending a lot of time working on the laptop.Dell Inspiron 15 3593 comes with 4GB of RAM and 1TB of conventional hard drive, paired with 128GB of SSD storage. SSD-based storage ensures you’re able to access data much faster, fire up apps quickly, and also helps speed up the boot-up process.Buy nowHP 15s-du2099tuAnother decent option in this segment is the HP 15s-du2099tu laptop. It is also powered by Intel’s 10th generation Core i3 processor, supported by up to 8GB of DDR4-2666 SDRAM. More RAM means you’re able to run multiple apps at once, if you’re into multitasking while the powerful 10th generation Intel Core i3 processor with Turbo Boost technology offers top-notch performance that can accelerate processor and graphics throughput to help you get the maximum out of your machine.The HP 15s-du2099tu comes with a 15.6-inch full-HD SVA Anti-Glare Micro-edge WLED-backlit display. The large display offers an immersive experience, when while you’re watching movies or TV shows once you’re done with your work. You also get 1TB of storage and onboard Intel UHD graphics.Buy nowLenovo 7VIN Ideapad Slim 3If you’re eyeing a thin-and-light laptop, you should check out the new Lenovo 7VIN Ideapad Slim 3 laptop. It’s a great laptop for young professionals who’re working from home. It’s powered by the 10th generation Intel Core i3 processor that offers amazing performance.For those who work on photos or videos, the 15.6-inch full-HD display with an anti-glare coating is just perfect. The display is immersive for watching videos or editing photos. Lenovo 7VIN Ideapad Slim 3 laptop comes with 4GB of RAM, 1TB of storage, and 512GB of SSD storage.Buy nowAsus VivoBook 15 UltrabookCompact laptops are ideal for those who prefer a smaller form factor, something that ideal for both working from home or remotely while travelling. Asus VivoBook 15 Ultrabook (X512FA-EJ361T) is powered by Intel’s 10th generation Core i3 processor.The NanoEdge display design makes the laptop look highly futuristic. It comes with a 15.6-inch full-HD frameless four-sided NanoEdge display and a backlit keyboard. That’s not all, it also comes with an HD camera for all your video-calling needs and support for high-speed Wi-Fi 5.Buy nowAcer Aspire 3 A315-56Acer’s Aspire 3 A315-56 is also a great Windows 10-based laptop that’s ideal for young professionals trying to work from home. It is powered by the 10th generation Intel Core processor while the graphics are handled by the onboard Intel HD 620 that supports up to 4K resolution.This laptop is ideal for those who’re looking for a machine with much longer battery life. It can last for up to 9.5 hours on a full charge. Asus Aspire 3 A315-56 comes with a 15.6-inch full-HD display with Acer’s ComfyView TFT display and up to 4GB of RAM.Buy nowWhere Can I Find More Such Laptops?These are some of the finest affordable laptops you can buy with 10th generation Intel Core i3 processors with Intel Turbo Boost for working from home. These laptops are powerful enough to get almost everything done — from editing large spreadsheets to making great videos. Visit your nearest Reliance Digital store for more options.
Honor Hunter V700 With 10th-Gen Intel Core CPUs, 144Hz Display, Up to GeForce RTX 2060 GPU Launched
Honor Hunter V700 has been launched in China as the Huawei sub-brand’s first gaming laptop, part of its new Hunter series. The Honor Hunter V700 will be offered in three configurations and a single colour option. The gaming laptop has some stylish design choices that make it stand out. The bottom panel opens up a…
Honor Hunter V700 has been launched in China as the Huawei sub-brand’s first gaming laptop, part of its new Hunter series. The Honor Hunter V700 will be offered in three configurations and a single colour option. The gaming laptop has some stylish design choices that make it stand out. The bottom panel opens up a little to let more air in when the laptop is opened. There is a light strip around the rear corners and the keyboard has RGB lighting as well.Honor Hunter V700 priceThe Honor Hunter V700 is listed on VMall in three configurations. The Core i5 + GeForce GTX 1660 Ti + 16GB + 512GB model is priced at CNY 7,499 (roughly Rs. 81,600), the Core i7 + GeForce RTX 2060 + 16GB + 512GB model is priced at CNY 8,499 (roughly Rs. 92,500) and lastly, the Core i7 + GeForce RTX 2060 + 16GB + 1TB variant is priced at CNY 9,999 (roughly Rs. 1.09 lakh). It comes in a single Magic Night Black (translated) colour option. The Honor Hunter V700 is currently up for pre-orders in the China.As of now, it is unclear if and when the Honor Hunter V700 will come to markets outside China.Honor Hunter V700 specificationsThe Hunter V700 by Honor comes with Windows 10 Home Edition pre-installed. It features a 16.1-inch full-HD (1,920×1,080 pixels) IPS display with 144Hz refresh rate, 72 percent NTSC and 100 percent sRGB coverage. It has 300 nits of peak brightness and 81.1 percent screen-to-body ratio and standard 16:9 aspect ratio. The Honor Hunter V700 is powered by up to Intel 10th-generation Core i7-10750H CPU and up to Nvidia GeForce RTX 2060 GPU with 6GB VRAM. In terms of RAM, the gaming laptop comes with 16GB of DDR4 RAM, clocked at 2,666MHz and can be equipped with up to a 1TB SSD.Audio on the Honor Hunter V700 is handled by two speakers and the battery is 56Wh. It supports fast charging and Honor says it can be charged to 60 percent in 30 minutes. For connectivity, you get dual-band Wi-Fi 6, Bluetooth 5.1, 3.5mm headphone and microphone combo jack, two USB 3.0 ports, one USB 2.0 port, a USB Type-C port, an HDMI port, and a Gigabit Ethernet port. You also get a 720p webcam for video calls and a fingerprint scanner for quick logins. In terms of dimensions, the Honor Hunter V700 measures 369.7x253x19.9mm and weighs 2.45kg.Talking about the aesthetics, you get a keyboard with RGB backlighting, a multi-touch trackpad, a light strip around the back corners, and a slim grill above the keyboard. The bezels around the display are relatively thick that give ample space to house the webcam above the screen.Is Android One holding back Nokia smartphones in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.