![Michael Dell’s new book is Play Nice But Win: A CEO’s Journey From Founder to Leader](https://image-optimizer.cyberriskalliance.com/unsafe/384x0/https://files.scmagazine.com/wp-content/uploads/2023/08/play-nice-but-win-michael-dell-1.jpg)
Dell Technologies has no plans to go private, and will instead remain a publicly held company that makes selected acquisitions, pays down debt and introduces a stock dividend in the next fiscal year.
Those anecdotes surfaced during a Michael Dell interview with Bloomberg Radio. During the conversation, Dell's founder and CEO described how the company will continue to focus on:
- Cloud infrastructure;
- all things related to end-user computing;
- software defined data centers;
- multi-cloud;
- security;
- edge computing; and
- 5G opportunities.
The interview also explored Michael Dell's new book -- Play Nice But Win -- which documents his personal and professional journey, and also touches on the company's various stages in private and public markets.
Dell Explores Tuck-In Acquisitions
Looking ahead, Dell Technologies will address growth opportunities organically, through partnerships and with selected acquisitions, Michael Dell predicted.
Will Dell Technologies make another large acquisition -- something that rivals the $60 billion buyout of EMC Technologies in 2016? "Don't hold your breadth," said Dell while downplaying the possibility of a massive near-term M&A deal.
Instead, Dell Technologies will pay down debt. Moreover, the company plans to introduce a stock dividend in its next fiscal year, the executive predicted. The company's current fiscal year will end in January 2022.
The journey towards a $DELL stock dividend includes plans to spin off VMware in Q4 of the current fiscal year.
Dell Business and Channel Partner Momentum
![Cheryl Cook, Dell Technologies](https://image-optimizer.cyberriskalliance.com/unsafe/576x0/https://files.scmagazine.com/wp-content/uploads/2023/08/cheryl-cook-dell-technologies-1.jpg)
Meanwhile, Dell delivered record Q2 revenue results in August 2021. For the quarter, revenue was $26.1 billion, up 15 percent compared to Q2 the previous year. Net income was $880 million, down from $1.1 billion in Q2 the previous year.
In an interview with ChannelE2E, Cheryl Cook, senior VP of global partner marketing, described major across-the-board partner momentum for Dell's various product lines. Looking ahead, Dell in October 2021 will expand its Apex as-a-service initiatives with partners, while also doubling down on storage opportunities for partners, Cook added.
Early Apex testers included enterprise, mid-market and small business partners. The approach helped to ensure that Apex as-a-service options are well-designed for partners and end-customers of all sizes, Cook added.
Apex competes against such rival options as HPE GreenLake and Cisco Plus. The various hardware-as-a-service (HaaS) options counter public cloud subscription services. Partners and customers, in turn, gain subscription-oriented infrastructure that runs on premises or off premises.