Winners and Losers if Dell acquires DVMT
This is all about who ends up paying off EMC acquisition debt. Raising interest rates will ramp up the cost of that debt.
-Michael Dell (Obviously)
-Silver Lake (Obviously)
-Dell Technologies (pressure on *margins* will reduced on servers and storage which are struggling)
-DVMT shareholders (they could do better)
-VMware (since they will pick up the debt from Dell buying EMC)
-VMware employees (RSU valuation will be driven down dramatically)
-VMware customers (get ready for more Oracle-like pricing to pay off that debt)
-VMware ecosystem partners (your reselling VMware will help seal your own death as you will be feeding the Dell monster)
On the other hand, a Dell IPO means investors will carry the debt... and it will be a loooooong slog for Dell.