Hewlett Packard Enterprise CEO Meg Whitman, making a case for slimming down, told CNBC on Thursday that technology is moving at "lightning speed," and the winning companies are going to be "the nimble, the fast, and the focused."
Appearing on "Squawk on the Street" a day after announcing another shakeup, Whitman used a comparison to Dell to drive her point on being nimble.
Dell on Wednesday completed its $67 billion acquisition of EMC, forming the world's largest privately controlled tech company.
"They are getting bigger. We're getting smaller. They are leveraging up," she said. "We delevered. We're leaning in to new technology. They're doubling down on old technology."
HPE said Wednesday it plans to spin off its noncore software assets and merge them with Britain's Micro Focus International in an $8.8 billion transaction. Micro Focus shares in London were surging about 17 percent.
"Our shareholders will have a chance to ride the upside. Our shareholders will own 50 percent of this new company." Whitman said. "I'm a holder."
Separately, HPE missed forecasts on quarterly revenue, but beat estimates on earnings and issued upbeat forward guidance. In early trading Thursday, HPE's share price was down 1.5 percent but was up more than 40 percent this year.
Whitman blamed, in part, Britain's June vote to leave the European Union. "We saw a slowdown in the U.K. after Brexit. It was like a bit of a pause. Now we're starting to see the orders flow again."
The new overhaul marks another step in Whitman's effort to transform the once-mighty technology conglomerate into a leaner, more efficient company.