I've been out of Dell for a while now, but I would recommend to others that are still there to be prepared for some fallout from the recent IBM and RedHat announcement. This gives Carl Icahn all of the ammunition he needs to shut down the public offering plans through the VMware tracker stock. VMware has utility and worth, but Dell-EMC is an albatross hanging around its neck...or worse, a vulture ready to pick the bones clean. If Dell is successful in going public, rest assured that there will be some significant house-cleaning in the new organization.
If Dell cannot go public to access new capital and EMC cannot contribute enough in earnings to pay down the staggering debt, it's going to be really, really bad for everyone. A no-win situation here.