Sun co-founder Vinod Khosla thinks Dell-EMC deal will 'set back innovation'

While he thinks Dell buying EMC makes sense financially, Sun Microsystems co-founder Vinod Khosla has little faith in the merged company's ability to innovate.

"EMC and Dell merging is a really good financial move for Michael, but it will set back innovation and distract from innovation," said Khosla, now a prominent venture capitalist, in an onstage interview at the Structure conference in San Francisco on Wednesday.

Asked about the future for old-line technology companies like Cisco, IBM and Dell, Khosla was pessimistic. In his view, only about half of those tech titans will stick around in the future. What's more, he said, innovation from those companies has been seriously lacking.

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