President Donald Trump sent a clear signal to overseas investors: Any deal that could give China an edge in critical technology will be swatted down in the name of national security.
The market leader in cloud-based software that manages client relationships is rolling out a new product package, called Essentials, aimed at the small businesses that make up about one third of Salesforce’s customer base.
Jericho Managing Member Josh Resnick said in the letter that such a deal would benefit only Dell’s interests by servicing its debt with VMware’s cash flow instead of funding buybacks or other acquisitions.
Under the most severe scenario being weighed, the U.S. could impose tariffs on a wide range of Chinese imports from shoes and clothing to tech gadgets. Apple, Amazon.com and other U.S. technology companies that have products assembled in China may be hurt by such policies.
The Pentagon opened a winner-take-all competition Wednesday for a multibillion-dollar cloud services contract, a move that industry groups representing rivals including Oracle Corp. and Microsoft Corp. have said would favor Amazon.com Inc.