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Dell Headed to the Clouds

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  • Description

    FBN’s Shibani Jobshi on Dell’s purchase of Quest Software for $2.6 billion.

  • Duration 1:37
  • Date

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Wins the bidding war for Quest Software what this means for Dell and cloud computing Shibani Joshi.

Is joining us -- on Friday -- -- -- -- -- the whole point at a cloud is to get over these crowding issues but it seems that even a cloud sector's getting a little bit.

Crowded these days that bad -- entering the fray the company.

I had the latest technology company to announce emanate activity really flexing its muscles with its big bad balance sheet.

And I'm out of cash it has yet another tech company that's doing -- -- Quest Software for twenty bucks a share that is a 44%.

Premium.

To their early march share price that's basically when the talks began the overall deal valued at 2.4.

Billion dollars now from what many view out -- -- give -- more typically is a hardware company but that the the last couple of quarters.

The companies trying to switch more into software and the business solutions arena.

And that's exactly what Quest Software does -- the company.

Being called a very good -- for -- there are our analysts' concerns however and one of the reasons -- seeing Dell shares down and Quest Software shares -- today.

Analysts saying that this will still holds a Dell needs a company to sell.

But there are larger questions as to whether or not -- over -- request because there was a bidding war you know when you start to get into these competitive races.

-- -- you start to think a little bit they're actually may be paying a little bit more than you would have normally.

Made that mistake several times on eBay not with quite -- pretty quick and money that we're talking about -- thank each of our example -- now yes that's how quiet but I think.

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