Dell dropped a bomb on the enterprise IT market Monday by announcing plans to buy storage giant EMC for a whopping $67 billion. The deal raises many questions; here are four of them.

Where’s the cloud?

Assuming it goes ahead, the deal will make Dell one of the world’s largest IT vendors, just behind IBM and Microsoft, but Dell will still have little to offer in the fast-growing area of cloud services. Oracle, IBM and Hewlett-Packard are all building out cloud offerings with varying degrees of success, but it’s not something Dell has focused on, and buying EMC won’t change that. How much that matters is an open question.

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