"In the past, we pretty much tried to restrict ourselves to partnerships, but now we're more open to M&A," he said. "We have got a lot more confidence in that area with our successful acquisition and integration of EqualLogic."

Dell will use a combination of acquisition, partnership, and organic growth to boost its storage business, added the executive. While refusing to divulge his firm's acquisition strategy, Asthana's comments indicate plenty more M&A on the tech horizon.

-- Reported by James Rogers in New York

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