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EMC Corp

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  • EMC tops 2Q profit forecasts Wednesday, 22 Jul 2015 | 7:03 AM ET

    HOPKINTON, Mass. _ EMC Corp. on Wednesday reported second-quarter profit of $487 million. EMC expects full-year earnings to be $1.87 per share, with revenue expected to be $25.2 billion. EMC shares have declined 16 percent since the beginning of the year, while the Standard& Poor's 500 index has increased nearly 3 percent.

  • Einhorn: Netflix overvalued, soared on 'bad news' Monday, 13 Jul 2015 | 4:24 PM ET
    David Einhorn, founder of Greenlight Capital.

    David Einhorn's Greenlight Capital fell 1.5 percent in the second quarter, taking it down 3.3 percent year-to-date.

  • Early movers: HOG, TSLA, WWE, MSFT, BCS & more Wednesday, 8 Jul 2015 | 7:42 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • July 7- Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP, a person familiar with the matter said on Tuesday. Bloomberg News reported earlier that Symantec was nearing a deal to sell Veritas to Carlyle for between $7 billion and $8 billion, citing people with knowledge of the...

  • What to expect from tech in the 2nd half of 2015 Thursday, 2 Jul 2015 | 9:39 AM ET
    iPhone Apple

    Will the tech sector generate more excitement for stocks in the second half of 2015 than the first? The answer will largely come down to three things.

  • America's top states for innovation in 2015 Wednesday, 24 Jun 2015 | 4:30 PM ET
    Top States Technology and Innovation

    These 10 states lead the nation in tech investment, patents and research, which has helped reinvigorate their local economies.

  • SINGAPORE, June 21- Security researchers have many names for the hacking group that is one of the suspects for the cyberattack on the U.S. government's Office of Personnel Management: PinkPanther, KungFu Kittens, Group 72 and, most famously, Deep Panda. But to Jared Myers and colleagues at cybersecurity company RSA, it is called Shell Crew, and Myers' team is one of the...

  • BEIJING, June 12- The Internet bank affiliate of China's Alibaba Group Holding Ltd on Friday touted its in-house cloud computing system as an alternative to the U.S. technology that the government wants to purge from the domestic financial sector. The new technology systems of soon-to-launch MYbank would avoid products from IBM Corp, Oracle Corp and EMC Corp,...

  • June 11- Activist investor Elliott Management Corp said cloud-computing software maker Citrix Systems Inc should sell some units, cut costs and buy back shares to make up for six years of underperformance. Citrix shares jumped 8.2 percent to $71.46 in early trading on Thursday. Elliott, whose 7.1 percent stake makes him one of the top five shareholders of the...

  • June 11- Activist investor Elliot Management Corp said cloud-computing software maker Citrix Systems Inc should sell some units, cut costs and buy back shares to make up for six years of underperformance. Citrix shares jumped 8.2 percent to $71.46 in early trading on Thursday. Elliot, whose 7.1 percent stake makes him one of the top five shareholders of the...

  • China may try to force US firms to give up code Friday, 5 Jun 2015 | 2:30 PM ET
    A Chinese policeman stands guard in front of a portrait of Mao Zedong at Tiananmen Square in Beijing, China.

    Beijing is planning a series of regulations designed to force tech firms to give up their secrets in exchange for doing business in China.

  • How a storage start-up scored an HBO cameo Monday, 1 Jun 2015 | 9:56 AM ET

    Pure Software isn't a household name. But after its storage array scored a cameo on HBO's "Silicon Valley," things could get buzzy.

  • May 26- Data storage products maker EMC Corp said it would buy privately held Virtustream for about $1.2 billion in cash to expand its cloud offerings. EMC has been looking to strengthen its cloud services offerings as it struggles with slowing sales growth in its main data storage products business. "With the addition of Virtustream, EMC will enable customers...

  • EMC to buy Virtustream for $1.2 bln in cash Tuesday, 26 May 2015 | 8:18 AM ET

    May 26- Data storage products maker EMC Corp said it would buy privately-held Virtustream for about $1.2 billion in cash. EMC said on Tuesday that Virtustream would form its new managed cloud services business. The deal, which is expected to close in the third quarter, is expected to add to EMC's revenue and profit in 2016, the company said.

  • UPDATE 1-NetApp results miss estimates; shares fall Wednesday, 20 May 2015 | 6:34 PM ET

    May 20- Data storage equipment maker NetApp Inc reported fourth-quarter results below analysts' estimates, hurt by lower sales to original equipment manufacturers, sending its shares down more than 10 percent in extended trading. NetApp has been trying to boost growth by focusing on cloud-based products as businesses cut spending on high-end storage...

  • Disruptor 50: No. 16 Pure Storage Tuesday, 12 May 2015 | 7:00 AM ET
    (left to right) Pure Storage CEO Scott Dietzen and co-founders John Hayes and John "Coz" Colgrove

    The secret to this company's success is its flash memory technology, a method that's faster and simpler than traditional disk storage.

  • SAN FRANCISCO, April 24- Software developers who tried on an Apple Watch for the first time on Friday predicted a rush of new apps over the next few months, particularly in areas including health and messaging. Ross Cohen, chief operating officer of BeenVerified.com, which makes a caller ID app for the watch, said he only realized on Friday that the watch goes on and...

  • *Time Warner Cable rises after Comcast abandons merger. April 24- The Nasdaq Composite hit a 15- year intraday high on Friday afternoon, propelled by strong results from tech behemoths Google, Amazon and Microsoft. Google gained 3.6 percent after reporting higher quarterly results while Microsoft jumped 9.4 percent after it topped estimates.

  • April 24- The Nasdaq Composite extended its gains in late morning trading on Friday, hitting a 15- year intraday high, propelled by strong results from tech behemoths Google, Amazon and Microsoft. Google gained 3.1 percent to $575 after reporting higher quarterly revenue and profit and Microsoft added 8 percent to $46.85 after it topped Wall Street estimates.

  • *Germany relies on manufacturing more than US, W Europe. FRANKFURT, April 23- If customers of Germany's Harting Group, a maker of industrial plugs and sockets, want bespoke products, they can buy them-- if they're prepared to assemble them from a kit themselves. Harting is one of a growing number of German firms investing in software, fearing their excellence in...