Dell Stock Soars 8 Percent After Dell-VMware Spin-off Confirmed “I don’t see any negative impact from this at all to the user base, partner community or on the technology side,” says Presidio CEO Bob Cagnazzi, regarding Dell Technologies’ spin-off of VMware. By Mark Haranas April 15, 2021, 11:58 AM EDT Dell Technologies’ stock today is up 8 percent after the company confirmed the spin-off its 81 percent stake in VMware set for later this year as well as reports that Dell is looking to sell its cloud platform company Boomi. “Dell is continuing to invest in all the right areas for where the market is going and Michael Dell has done that forever,” said Bob Cagnazzi, CEO of Presidio, one of the country’s top solution providers and Dell partners. “VMware, certainly with [former CEO] Pat Gelsinger and now post Pat, has positioned itself really, really well for the hybrid cloud world – I don’t see that changing. … I don’t see any negative impact from this at all to the user base, partner community or on the technology side.”