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Dell shares rise on plans to spin off top-performing VMware unit

By Reuters Staff
2 Min Read
April 15 (Reuters) - Shares of Dell rose nearly 8% in premarket on Thursday, a day after the PC maker said it would spin off its majority stake in cloud computing software maker VMware, which would trim down its business and make the firm nimbler.
The spinoff of its 81% stake in VMware, first proposed in a filing last July, would also help Dell lower its long-term debt of $41.62 billion, much of which was taken on during its 2016 acquisition of data management firm EMC.
Wall street analysts saw benefits in the spinoff, but some also raised long-term concerns about company’s core business. ....

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UPDATE 1-Taiwan's Pegatron to build Tesla parts plant in Texas - report

Taiwan's Pegatron has chosen a site in El Paso, Texas, to build a plant that will provide components for Tesla Inc, Taiwanese newspaper the Commercial Times reported on Wednesday. ....

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Chinese Internet firms pledge to avoid anti-competitive behaviors

A dozen Chinese Internet platform companies pledged to avoid anti-competitive behaviors such as forcing vendors to use their platform exclusively, according to a statement on Wednesday from the State Administration for Market Regulation. ....

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PC shipments notch fastest quarterly growth in 20 years - Gartner

By Reuters Staff
2 Min Read
(Reuters) - Global shipments of personal computers rose at their fastest pace in two decades in the first quarter as people bought computers to help them work and study remotely during the COVID-19 crisis, according to research firm Gartner Inc.
PC shipments, which include both laptops and desktop computers, grew 32% in the quarter to 69.9 million units, Gartner said.
China’s Lenovo Group Ltd grabbed the lead with a 25.1% market share, followed by HP Inc, Dell Technologies Inc, Apple Inc and Acer Group, according to the report.
“This growth should be viewed in the context of two unique factors: comparisons against a pandemic-constrained market and the current global semiconductor shortage,” said Mikako Kitagawa, research director at Gartner. ....

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Alibaba says does not expect material impact from antitrust fine, shares rally

China's Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said on Monday, after regulators fined the e-commerce giant a record $2.75 billion for abusing its market dominance. ....

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