Virtualization - Dell Goes to the Well, So To Speak @ OPEN WEB DEVELOPER'S JOURNAL

Virtualization - Dell Goes to the Well, So To Speak

Dell Is Talking With Tecom Investments About a Joint Ventrue That Could Raise Dell's Sales Profile in the Middle East

May. 9, 2008 12:15 PM

Dell is talking with Tecom Investments, an investment arm of the Dubai government, about a joint venture that could raise Dell’s sales profile in the Middle East.

Michael Dell mentioned it at a press conference in Dubai but offered no details and early reports suggested Dubai was going to make a direct investment in Dell a la AMD, which may be what happens.

Both Dow Jones and Bloomberg quote Michael Dell as saying he’d welcome an investment from the oil-rich emirate. Local papers quote Telcom CEO Abdulatif Almulla as saying, “We are considering some strategic initiatives.”

Some on Wall Street reflected on Dubai’s lousy investment track record.

Dell is planning on putting a logistics hub in Dubai to service the Gulf region and east Africa.

Dell also met with the Saudi Arabian General Investment Authority on the field visit, reportedly his first to the region. Apparently Saudi Arabia would like to be a regional data center hub and can obviously offer cheaper power.

The spend this year from the region is expected to top $40 billion, with the Gulf Cooperation Council accounting for around 23% of that.

Published May. 9, 2008 — Reads 3,322
Copyright © 2008 SYS-CON Media. All Rights Reserved.

About Maureen O'Gara
Maureen O'Gara is the Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

LATEST OPEN WEB DEVELOPER STORIES

Enterprise Web Security Added to Google Apps

By Maureen O'Gara

Google has taken its Postini investment and turned out Google Web Security for the Enterprise, which is supposed to protect against spyware, viruses and zero-hour threats in real-time whether the user is on the corporate network or working remotely like at a hotel or in an airpor

Microsoft, Unisys, Yahoo and Vista

By Maureen O'Gara

Microsoft, which spent $6 billion on aQuantive and was chasing Yahoo for its ads before it came to a dead stop, has been supporting - as in helping write - legislation in New York and Connecticut that would regulate the data that companies like Yahoo and Google collect for target

Yahoo! How Like the Virgin Mary!

By Maureen O'Gara

So how does it feel to have witnessed one of technology's little miracles this week? I mean Yahoo's stock price successfully defying gravity. It's as close as any of us will ever get to an apparition of the Virgin Mary floating on a cloud without any visible means of support. App

Borland Finally Dumps CodeGear Tools Division

By Maureen O'Gara

It's only taken Borland two years but it's finally dumped its CodeGear tools division, responsible for Borland's hereditary JBuilder, Delphi and C++ Builder lines as well as its new web ventures into PHP and Ruby, said to be used by 7.5 million developers. Embarcadero Technologie

"Virtualization Journal" Debuts This Week at JavaOne

By Virtualization News Desk

Founded in 2006, SYS-CON Media's 'Virtualization Journal' is the world's first magazine devoted exclusively to what Gartner has earmarked as the single highest-impact IT trend through 2012: virtualization. And now it will be available on newsstands worldwide, as SYS-CON Media see

Microsoft Will End Up Buying Yahoo Anyway

By James Hamilton

Yahoo! founders Jerry Yang and David Filo received stupid advice from their investment bank advisers and blew their chance to close the deal with Microsoft as of this Sunday morning. Neither Yang nor Filo are experts on how to sell a company in a multi-billion dollar deal. They h