DELL - Dell Technologies Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
49.54
-0.80 (-1.59%)
As of 2:57PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close50.34
Open50.15
Bid49.44 x 900
Ask49.47 x 900
Day's Range48.91 - 50.15
52 Week Range43.31 - 70.55
Volume1,670,534
Avg. Volume2,318,538
Market Cap36.692B
Beta (5Y Monthly)N/A
PE Ratio (TTM)9.97
EPS (TTM)4.97
Earnings DateFeb 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est64.21
  • How Dell transformed into an end-to-end enterprise player
    Yahoo Finance Video

    How Dell transformed into an end-to-end enterprise player

    Yahoo Finance's Alexis Christoforous and Andy Serwer speak with Dell Technologies Chief Customer Officer Karen Quintos live at the World Economic Forum in Davos, Switzerland.

  • Dell offers new products to be more ‘more productive on the go’
    Yahoo Finance Video

    Dell offers new products to be more ‘more productive on the go’

    Darrel Ward, Dell SVP of Client Product Group and AJ Kwatra Dell Vice President join Yahoo Finance’s Dan Howley at the 2020 Consumer Electronics Show to break down Dell’s newest innovations.

  • This key economic driver may be back in growth mode in 2020
    Yahoo Finance

    This key economic driver may be back in growth mode in 2020

    Yahoo Finance chats with Howard Elias, Dell Technologies president of services and digital, and Annette Clayton, Schneider Electric North America CEO, at the 2020 World Economic Forum in Davos about the outlook for economic growth.

  • Dell Technologies Inc.’s (NYSE:DELL) Investment Returns Are Lagging Its Industry
    Simply Wall St.

    Dell Technologies Inc.’s (NYSE:DELL) Investment Returns Are Lagging Its Industry

    Today we'll evaluate Dell Technologies Inc. (NYSE:DELL) to determine whether it could have potential as an investment...

  • Foxconn May Be About to Prove Elon Musk Wrong
    Bloomberg

    Foxconn May Be About to Prove Elon Musk Wrong

    (Bloomberg Opinion) -- Five years ago, in a routine display of trash talking, Tesla Inc.’s Elon Musk made a now infamous quip about how hard it is to manufacture automobiles.“Cars are very complex compared to phones or smartwatches,’’ he told German newspaper Handelsblatt. “You can’t just go to a supplier like Foxconn and say: Build me a car.”He may be proven wrong. Foxconn Technology Group, through its Hon Hai Precision Industry Co. unit, will establish a joint venture with Fiat Chrysler Automobiles NV, the Taiwanese company said in an exchange filing Thursday. While not yet signed, they expect their 50-50 enterprise will “develop and manufacture electric vehicles and engage in IOV (internet of vehicles) business,” referencing a growing ecosystem of connected cars that share location, weather, traffic and vehicle information.Hon Hai would be responsible for design, components and supply chain management, Chairman Young Liu told Debby Wu of Bloomberg News. Foxconn might not actually do final assembly, he said.If you’ve ever visited Foxconn’s global headquarters on the outskirts of Taipei, you’d know that the prospect of the company designing cars is disconcerting. It truly is one of the ugliest office buildings in the world. So let’s hope Fiat Chrysler takes the driver’s seat on that.However, components, supply chain management, and manufacturing are right up Foxconn’s alley. The company makes most of Apple Inc.’s iPhones and iPads, as well as a lot of the electronics that go into cars, including Teslas.Tesla’s then-head of vehicle engineering, Doug Field, whose resume includes Apple and Ford Motor Co., in February 2018 subtly dissed the Foxconn-Apple relationship. “The model at Foxconn was very different” from Tesla, because the Taiwanese company uses manual labor to achieve economies of scale quickly. The iPad is a product “whose simplicity is orders of magnitude below ours.” Field returned to Apple later that year.Let’s agree, cars are indeed more complicated than tablets or smartphones. But I’ll say that there’s no way Elon Musk could churn out half a million handsets per day, consistently, with quality and on time.By contrast, Foxconn, because of the reasons Field outlined, could be well placed to leverage its 40 years of experience in manufacturing, scale and manual processes to get Fiat Chrysler to mass production of electric vehicles quicker than almost anyone in the world. After all, Foxconn’s giant workforce and scale mean it’s the only company that can churn out 5 million iPhones a week at launch every year for the past decade.With scale comes not just cost advantages but supply-chain leverage, an important element when you’re hunting down parts that may be in short stock. Batteries, for example, have been a bottleneck for Tesla deliveries in the past. But when your client list includes Apple, Dell Inc., HP Inc. and a dozen other companies that need batteries by the container, suppliers are likely to put you higher on the priority list. Given that they’re the largest cost of an electric vehicle, solving both the supply problem and then using scale to force costs down could give Foxconn and Fiat Chrysler an edge.Having electric vehicles more readily available and delivered on time might even take the gloss off the cult of Tesla, which is driven in part by the difficulty of getting your hands on one. Yet Fiat Chrysler needs to ensure that Foxconn doesn’t mess it up. It’s known to be domineering in partnerships, with an obsession toward efficiency and cutting costs, rather than value-added branding. Its venture with HMD Global Oyj to revive the Nokia name looked promising until Foxconn executives started pulling rank, overruling those who truly knew how to design and market phones. Many of the talented members of the consortium left and the brand is unlikely to see the revival that many had expected.Sure, Fiat Chrysler is taking a risk by betting on Foxconn. But the U.S.-Italian car company doesn’t have much to lose, and knows that it has little time to waste. Chief Executive Officer Mike Manley is hoping to merge with France’s PSA Group, and told investors in October that electrification could happen on a grand scale after that.It’s also likely to join a self-driving car venture being set up by BMW AG and Daimler AG, Bloomberg reported this month. Such plans necessitate the kind of electric vehicle technologies it doesn’t currently have. Foxconn doesn’t, either, but between them there’s every chance the two companies can develop or acquire what’s needed.If Foxconn really wants to make it in electric vehicles, it will need to learn from Fiat Chrysler the importance of good design, marketing savvy, and brand mystique. In other words, a little bit of Elon Musk.Just not too much.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Microsoft, Intel, Lenovo, HP and Dell Technologies
    Zacks

    The Zacks Analyst Blog Highlights: Microsoft, Intel, Lenovo, HP and Dell Technologies

    The Zacks Analyst Blog Highlights: Microsoft, Intel, Lenovo, HP and Dell Technologies

  • PC Shipment Scripts Success in Q4: LNVGY, HPQ & More in Focus
    Zacks

    PC Shipment Scripts Success in Q4: LNVGY, HPQ & More in Focus

    Per Gartner and IDC, PC shipment volumes in fourth-quarter 2019 bump up on the back of the Windows 10 refresh cycle.

  • Annual global PC shipments grow for the first time in 8 years
    MarketWatch

    Annual global PC shipments grow for the first time in 8 years

    Annual global PC shipments rise for the first time in eight years, according to data released by industry tracking firms late Monday.

  • MarketWatch

    Yearly global PC sales increase for the first time since 2011: IDC

    Annual global PC sales rose for the first time in eight years, according to data released by International Data Group late Monday. Global PC shipments rose 2.7% year-over-year to 266.7 million units, the first annual gain since 2011, when PC sales rose 1.7%, according to IDC. "This past year was a wild one in the PC world, which resulted in impressive market growth that ultimately ended seven consecutive years of market contraction," said Ryan Reith, program vice president with IDC's Worldwide Mobile Device Trackers. "The market will still have its challenges ahead, but this year was a clear sign that PC demand is still there despite the continued insurgence of emerging form factors and the demand for mobile computing." For the year, Lenovo Group Ltd. led with 24.3% market share for 64.8 million PCs, HP Inc. had 23.6% share with 62.9 million, Dell Technologies Inc. had 17.5% at 46.5 million units, Apple Inc. had 6.6% share for 17.9 million, and Acer Group had 6.4% share for 17 million. For the fourth quarter, global PC sales rose 4.8% to 71.8 million units.

  • Bloomberg

    Global PC Shipments Rise 2.3%; China’s Lenovo Remains No. 1

    (Bloomberg) -- Worldwide shipments of personal computers increased 2.3% in the fourth quarter from a year earlier, continuing a 2019 trend fueled by commercial customers upgrading to Microsoft Corp.’s new operating system.Lenovo Group Ltd. held onto the top spot with almost 25% of the market amid a quest by PC makers to find new types of machines to entice customers.PC shipments climbed to 70.6 million units in the period that ended Dec. 31, researcher Gartner Inc. said Monday in a report. Competing firm IDC pegged the shipments at 71.8 million units, a 4.8% rise. For the year, the PC market grew for the first time since 2011, both firms said.For a third consecutive quarter, manufacturers received a boost from corporate clients upgrading devices to get access to Microsoft’s Windows 10 operating system. Microsoft will stop supporting Windows 7 Tuesday, according to the company’s website.With corporate upgrades expected to taper off this year, PC makers have searched for ways to shake up a market that has stagnated for years. Beijing-based Lenovo last week debuted a laptop with a folding screen at the CES consumer technology show in Las Vegas. Dell Technologies Inc. also unveiled two concepts that featured folding screens.“Despite the positivity surrounding 2019, the next twelve to eighteen months will be challenging for traditional PCs as the majority of Windows 10 upgrades will be in the rearview mirror and lingering concerns around component shortages and trade negotiations get ironed out,” said Jitesh Ubrani, research manager for IDC’s Worldwide Mobile Device Trackers. “Although new technologies such as 5G and dual- and folding-screen devices along with an uptake in gaming PCs will provide an uplift, these will take some time to coalesce.”HP Inc. maintained the global No. 2 spot with 22.8% of the market during the quarter. The U.S. company has sought to make its devices more stylish and has also entered the lucrative gaming PC market. Dell was again the third-largest seller, and its 12% year-over-year increase in shipments was the biggest gain of any major manufacturer in the quarter. The company focuses on selling PCs to corporate clients, to bolster profit margins through add-on software and services. Apple Inc. came in fourth place with 7.5% of the worldwide market.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Microsoft Strives to Simplify Surface Device Repairability
    Zacks

    Microsoft Strives to Simplify Surface Device Repairability

    Microsoft's (MSFT) Surface Laptop 3 is equipped with easy repairability features. This highlights the company's efforts toward making its gadgets more friendly to fixes.

  • CES 2020 Sees Launch of Innovative PCs: Stocks to Watch
    Zacks

    CES 2020 Sees Launch of Innovative PCs: Stocks to Watch

    The PC market has strong prospects with major players including Lenovo, Dell and HP set to launch next-generation devices in 2020.

  • Apple could be close to a $2 trillion company in 2020: top strategist
    Yahoo Finance

    Apple could be close to a $2 trillion company in 2020: top strategist

    Apple's stock still looks ripe for a lot more upside. This Apple insider explains why.

  • VMware Stock Could Be a Great Investment for This Decade
    InvestorPlace

    VMware Stock Could Be a Great Investment for This Decade

    VMware (NYSE:VMW), the jewel in the crown at Dell Technologies (NYSE:DELL), is one of the cheapest tech stocks you can buy right now, selling at under 10 times last year's earnings. 2020 will be a pivotal one for VMW stock. It has closed on its $2.7 billion purchase of Pivotal Software. It can now offer what it calls a complete cloud solution against International Business Machines' (NYSE:IBM) Red Hat unit.Source: Sundry Photography / Shutterstock.com Both companies are active in the market for "hybrid cloud," where corporate data centers run the same software, and interoperate with, the public clouds of Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN).VMware has had to transform itself -- and its offerings -- to reach this point, going beyond the data centers where its vSphere virtualization software had dominated. It now has relationships with all the large public clouds, and 4,300 regional providers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks That Are Screaming Buys Right Now However, growth could really jump once customers figure out what a hybrid cloud is for, and act on that knowledge. Move to the EdgeThe 2010s were about the economics of cloud.Virtual machines, distributed computing and open-source software combined into a new, low-cost and hosted paradigm for corporate computing. VMware dominated the virtualization space. It now aims to expand the reach of its vSphere into the Kubernetes container space, which lets companies put existing software into cloud formation.This alone could spark a lot of growth. Cloud software, sold as a service, still represents just one-quarter of the enterprise software market. Analysts are now pounding the table for VMW stock, calling it a "hybrid monster." They point to parent Dell's lead in "hyperconverged storage".But, clouds are highly centralized. Hybrid cloud takes off when cloud technologies reach the network edge. It's this market that VMware is now targeting, seeking use cases in automated factories, artificial intelligence and virtual reality. To work seamlessly, these applications need to have fast cloud resources readily available, either on-premise or nearby. (Development of Pivotal was originally co-funded for this "machine Internet" by General Electric (NYSE:GE)).VMware spent 2019 preparing for this moment, investing heavily in Indian programmers to make vSphere container-friendly, in what it called Project Pacific. Gartner (NYSE:IT) predicts that 75% of companies will be running containers by 2022 so this was an essential strategic move. Will Dell Share?VMware is already an earnings monster.As our Vince Martin notes, VMware net income rose 21% last year, and 18% the year before. Yet, even if you take out the extraordinary gains from restructuring, the stock trades at just 21 times estimated 2021 earnings.Some investors question whether VMware can execute on its pivot from vSphere, which is usually sold in corporate data centers, to pure cloud. The recent market pivot from a focus on growth to value is a second reason the stock has lagged.However, despite delivering $1.8 billion to its net income line over the last three quarters, VMware has no regular dividend. That's because Dell owns 82% of VMware. Only 18% of VMware stock trades. Until its acquisition of VMware was complete, Dell was also losing money. Yet, it paid out a special VMware dividend of $11 billion on completion of the deal to take itself public. Most of that went to Michael Dell, Dell shareholders and Silver Lake, his hedge fund partners. The Bottom Line on VMW StockVMW stock is tough to value correctly because VMware is not an independent company. It is a unit of Dell and has been run with Dell's interests in mind.The year that starts in February is a "return to normalcy," VMware's relaunch as a cloud software company. Potentially, VMware stock is one of the great investments of the coming decade.Assuming, that is, its owners share the wealth.Dana Blankenhorn is a financial and technology journalist. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and MSFT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Are Screaming Buys Right Now * 7 Industrial Stocks to Buy for a Strong New Year * 7 Investing Resolutions to Follow in 2020 The post VMware Stock Could Be a Great Investment for This Decade appeared first on InvestorPlace.

  • Dell (DELL) Expands Offerings With New Products & Software
    Zacks

    Dell (DELL) Expands Offerings With New Products & Software

    Dell (DELL) introduces innovative PCs, software and displays to strengthen portfolio and gain competitive edge.

  • Dell to Let Users Mirror iPhone's Screen on Their Laptops
    Zacks

    Dell to Let Users Mirror iPhone's Screen on Their Laptops

    Dell (DELL) announces new feature for iPhone users to boost laptop sales and strengthen competitive position.

  • Bloomberg

    Dell to Let Apple Users Control iPhones From Their Laptop

    (Bloomberg) -- Dell Technologies Inc. is trying to make its laptops more attractive to iPhone users.The Round Rock, Texas-based computer maker said on Thursday it is releasing software that will let users mirror their iPhone’s screen on Dell laptops.The feature will roll out in coming months as an update to Dell’s Mobile Connect software, which added similar functionality for Android handsets in 2018. The update, will also let Dell users drag photos, videos and other files from their iPhone to their PC. The software requires the download of an iPhone app and works with Dell XPS, Inspiron, Vostro and Alienware laptops running Windows 10.People using Mobile Connect with an iPhone were previously able to get notifications and send texts. Dell said more than 150 million calls and texts have been sent via the software, with half of those happening via Apple Inc. devices.Dell, the third-largest PC maker, sees the software as a way to get more people to buy its products. Apple has offered deep integration between its Mac computers and iPhones for years, including easy file transfers, messaging and calls, but does not offer a screen mirroring feature.To contact the reporter on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Bloomberg

    Private Equity Ran Amok in the 2010s

    (Bloomberg Opinion) -- Twenty years ago, writing in Fortune magazine, I dubbed the 1990s “the Nasdaq Decade.” And why not? Practically from the moment the browser company Netscape went public, the tech stocks that dominated the Nasdaq stock exchange only went up. Cisco Systems Inc. rose 125,000% in the 1990s. Dell Technologies Inc. was up 72,000%. Shares of EToys quadrupled on their first day of trading in 1999. The Nasdaq itself rose 685%.But a few months after the decade ended, the internet bubble burst, and by 2002 the Nasdaq had declined 78%. The tech highfliers  that had soared in the 1990s either went bankrupt or their valuations crashed back to earth.Financially speaking, the 2010s have been characterized by corporate mergers, aggressive activist investors, out-of-control CEO pay and “maximizing shareholder value.” But more than anything, it has been a decade awash in private equity deals. I therefore dub it the private equity decade. And I’ll admit that I’m rooting for private equity to get a comeuppance similar to the one that took place in tech after the Nasdaq decade.Private equity deals have been part of the financial landscape for decades, of course. Who can forget KKR’s $25 billion leveraged buyout (as they were called then) of RJR Nabisco in the late 1980s — a deal memorialized in the classic book “Barbarians at the Gate?” Indeed, some of the biggest private equity deals on record — TXU Energy, First Data, Alltel, Hilton Worldwide — took place in the frothy years before the 2008 financial crisis.What was different in the 2010s was less the size of the deals as their proliferation. In 2009, private equity firms completed 1,927 deals worth $142 billion, according to the financial data firm Pitchbook. By 2018, there were 5,180 private equity deals worth $727 billion.Why so many deals? One reason is more firms are holding more capital than they know what to do with; Bain & Co. recently estimated that private equity firms have a staggering $2 trillion in “dry powder” that they need to deploy. But another reason is that there just aren’t as many big deals available as there used to be, so firms have had to move down the food chain to find companies willing to be bought out. Many, if not most, of the deals in the past few years have been for less than $500 million. I half expect the bodega down the street to be bought out.What has also become clear this decade is the high-minded rationale the private equity industry once used to justify its deals has largely evaporated. You don’t hear much anymore about how taking a company private will remove short-term incentives, impose necessary restructuring, yadda, yadda, yadda.The main thing private equity has done this decade is to pile debt onto companies — imposing repayment costs while pulling out fees and dividends that have no bearing on what the private equity firm has actually done. Famously, Toys “R” Us went bankrupt because it was buried in private equity debt. So did Gymboree, Sports Authority, Linens ’n Things, and many others. In 2017, when the Limited announced it was shutting down its 250 stores — and throwing its employees out of work — the private equity firm that owned it, Sun Capital Partners Inc., reported to investors that it had nearly doubled its money, thanks to the dividends and fees it had paid itself.One private equity skeptic, Daniel Rasmussen, conducted a study to see the effect private equity firms had on the companies they bought. Using a database of 390 deals with more than $700 billion in enterprise value, he found that:In 54 percent of the transactions we examined, revenue growth slowed. In 45 percent, margins contracted. And in 55 percent, capex spending as a percentage of sales declined. Most private equity firms are cutting long-term investments, not increasing them, resulting in slower growth, not faster growth.Instead, he continued, there is a new paradigm for understanding the PE model:As an industry, PE firms take control of businesses to increase debt and redirect spending from capital expenditures and other forms of investment toward paying down that debt. As a result, or in tandem, the growth of the business slows. That is a simple, structural change, not a grand shift in strategy or a change that really requires any expertise in management.In other words, whatever larger purpose private equity might have once had, the 2010s exposed an industry that cared about lining its own pockets — often at the expense of the companies it bought. It has become dealmaking for its own sake.It seems to me that there are two likely consequences for the devolution of private equity in this decade. The first is that when the business cycle finally turns, the consequences for the thousands of companies carrying private equity debt are likely to be severe. As increasing amounts of capital have chased deals this decade, purchase prices have increased drastically. Rasmussen reports that in 2013, private equity deals were done at an average of 8.9 times adjusted earnings. Today, that number has risen to 11 times adjusted earnings. That means the debt loads are becoming heavier.The second consequence is political. If the Democrats take the Senate or the presidency — or both — the private equity model is going to be under sustained attack. Titans like Henry Kravis and Steve Schwarzman will be hauled before Congress and berated for the industry’s practices. Already, Elizabeth Warren has put forth a proposal to rein in private equity — she calls it the “Stop Wall Street Looting Act.” Among other things, it would give workers rights when a bankruptcy takes place and would put private equity firms “on the hook for the debts of companies they buy.”One other thing: In this decade of growing income inequality, nothing symbolized the gap between the haves and the have-nots like private equity. When it can walk away enriched while companies it owns go bankrupt — is that really the way capitalism is supposed to work? Perhaps the 2020s will be the decade when it starts to work for everyone again.To contact the author of this story: Joe Nocera at jnocera3@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Barrons.com

    Dell Is a Top Stock for 2020. Here’s Why.

    The following is an excerpt from Andrew Bary’s feature story Barron’s 10 Stock Picks for 2020 published on Dec. 13, 2019. Dell Technologies has been a disappointment since it went public a year ago through a complex deal involving the tracking stock for the Dell-controlled software company, VMware (VMW). Dell has more than $90 billion in annual sales, mostly from tech hardware such as servers and PCs.

  • Hedge Fund Consensus Stocks vs. Dell Technologies Inc. (DELL) In 2019
    Insider Monkey

    Hedge Fund Consensus Stocks vs. Dell Technologies Inc. (DELL) In 2019

    Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]

  • Dell (DELL) Likely to Purchase Remaining Stake in Secureworks
    Zacks

    Dell (DELL) Likely to Purchase Remaining Stake in Secureworks

    Per sources, Dell (DELL) is considering acquiring the remaining 13.8% shares of Secureworks.

  • Bloomberg

    Dell to Explore Purchase of Rest of Secureworks

    (Bloomberg) -- Dell Technologies Inc, the computer company founded by Michael Dell, is considering buying the remaining outstanding shares in cybersecurity services operator Secureworks Corp, according to people with knowledge of the matter.The Round Rock, Texas-based company is exploring making an offer for the remaining 13.8% of shares it doesn’t own of Secureworks and fully consolidating the business, said the people, who asked not to be identified because the matter is private.No final decision has been made and Dell could elect not to proceed, the people said.A Secureworks takeover would be a departure from Dell’s earlier plan to sell its stake in the company, the people added.Representatives for Dell and Secureworks declined to comment.Atlanta, Georgia-based Secureworks, which was founded in 1998, manages and outsources security services for corporate clients, according to its website. The company also develops its own software to detect and respond to cybersecurity threats. Dell owns 86.2% of Secureworks by holding the entirety of the company’s Class B shares as of Nov. 1, according to a filing. It also controls 98.4% of the company’s voting power.Secureworks shares closed up 16.8% at $17.72, the highest price since May, giving the company a market capitalization of $1.4 billion. Dell shares closed up 1.7% at $50.46.Dell originally bought Secureworks in 2011, before taking the business public through an initial public offering in 2016. Secureworks shares are up slightly since its IPO and are down about 13% this year.Since Dell listed its shares again on the public market in 2018, it has looked to reorganize its portfolio. Last month, it began exploring a sale of RSA Security, in deal it hopes could fetch more than $1 billion, according to people with knowledge of the matter.(Updates with closing share price for both companies in ninth paragraph)\--With assistance from Nico Grant.To contact the reporters on this story: Liana Baker in New York at lbaker75@bloomberg.net;Kiel Porter in Chicago at kporter17@bloomberg.netTo contact the editors responsible for this story: Matthew Monks at mmonks1@bloomberg.net, Liana BakerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Apple, Microsoft, Tesla accused of profiting from child labor in cobalt mines
    MarketWatch

    Apple, Microsoft, Tesla accused of profiting from child labor in cobalt mines

    A new lawsuit accuses several of the world’s largest technology firms of knowingly profiting from children laboring under brutal conditions in African cobalt mines.