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CNBC Exclusive: CNBC Excerpts: Dell Technologies CEO Michael Dell Speaks with CNBC's "Squawk Box" Today

WHEN: Today, Wednesday, September 7th

WHERE: CNBC's "Squawk Box"

Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with Dell Technologies CEO Michael Dell on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Wednesday, September 7th. Following are links to the video on,, and

All references must be sourced to CNBC.


We've all talked about the internet of things and the digital transformation. The cost of making things intelligent is approaching zero. And so, the number of intelligent things is exploding and so there's new infrastructure required and new software, new capabilities required to power that digital future and that's really what our company is going to enable and do it securely, too.


When you look at the combined cash flows of Dell, EMC, VMWare – well this is a very large transaction you find that we are operating the company with an investment grade approach and the demand for the debt has been extraordinarily high because of the high quality nature of the assets and the strong predictable cash flows, which are certainly very evident in our latest quarter.


We actually have two public companies as part of the group. VMWare, as you know, remains a public company and Secure Works is also a public company. And it's possible in the future that within the group we could have other public companies.


We're investing for growth. We've invested, in the last three years, $12.37 billion dollars in research and development. We have over 20,000 patents. An unbelievably strong R&D and innovation engine, combined with the broadest go-to-market engine in the world. And again, with this long term focus, we feel confident in the company's future.


There's no question that the technology industry is characterized by these sort of changes and, you know, companies have to adjust. This is a change or die business and we absolutely know that and, you know, are prepared to change.


Rural technology is moving from kind of the back office to where everything, every company – sales, marketing, customer acquisition, new product development, media – all industries are becoming technology industries. And it's not information technology, its business technology. And we've got the powerhouse company to enable all of that across the world.

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