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Going public again would swell profits by two-thirds, claims Dell

Charlie Clark Silver badge

It's not cynical and not wildly inaccurate. When Dell bought VMWare it used lots of financial engineering including the infamous tracking shares. Now that debt has become a bit more expensive and corporate tay rates are more favourable versus capital gains than they used to be, Dell wants to go back on the deal and pretend shares in the whole are more valuable than shares in the part, and presumably stiff any bondholders by turning their bonds into equity.

And then they'll probably be some spin-offs and sell-offs with more juicy fees. This has Goldman written all over it.

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