Dell, IBM add $6B to their services deal
The $22 billion technology components and services deal is the largest alliance in the history of the industry. Like the previous component supply agreement, the $6 billion expansion deal runs for seven years. Additional terms were not disclosed.
The agreement formalizes and expands the scope of a preexisting services relationship between the two companies, they said in a statement. Dell said it will continue to offer customers its own set of computer services as well as those from Unisys Corp. and Getronics NV's Wang Global unit, two other key services suppliers to Dell.
Shares of IBM were up $1 to $126 on the New York Stock Exchange (NYSE). Dell was up $1.19 to $44.875 on the Nasdaq stock market. Shares of Unisys swelled $1.625 to $44.75 on the NYSE, but Getronics dropped 1.39 percent, to 49.75 euros from its 50.45 closing price on Friday on the Amsterdam stock market.