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EMC Corp

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  • 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...

  • 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...

  • However, the company's stock rose as much as 4.7 percent on Wednesday as investors focused on the strong results posted a day earlier by VMware Inc, in which EMC holds an 80 percent stake. Activist investor Elliott Management Corp has been pressuring EMC to spin off virtualization software maker VMware. "What's implied by the prices right now is that there's less...

  • US STOCKS-Futures fall with eyes on earnings, dollar Wednesday, 22 Apr 2015 | 7:43 AM ET

    *EMC Corp dropped 2.2 percent to $25.75 as the data storage equipment maker cut its full-year forecast, citing the strong dollar. *Yahoo shares were up 1.3 percent at $45.07 after the company said it had hired advisers to determine the "most promising opportunities" for its stake in Yahoo Japan. *Broadcom rose 6.4 percent to $46.80 after the wireless chip maker...

  • April 22- Data storage products maker EMC Corp slashed its full-year revenue and profit forecast, blaming a strong dollar, and reported quarterly results that fell below Wall Street's expectations. EMC cut its full-year revenue forecast by about $400 million to $25.7 billion and adjusted profit by 7 cents per share to $1.98. EMC's so-called "federated...

  • Data storage provider EMC's revenue rises 2.4 pct Wednesday, 22 Apr 2015 | 7:01 AM ET

    April 22- Data storage products maker EMC Corp reported a 2.4 percent rise in quarterly revenue, helped by strong sales in the United States. Net income attributable to EMC fell to $252 million, or 13 cents per share, in the first quarter ended March 31, from $392 million, or 19 cents per share, a year earlier. Revenue rose to $5.61 billion from $5.48 billion.

  • April 21- Virtualization software maker VMware Inc reported its slowest revenue growth in seven quarters as IT spending remained sluggish and a stronger dollar reduced the value of overseas sales. VMware's shares fell about 2 percent to $83.60 in extended trading on Tuesday. Reuters had exclusively reported in February that its parent EMC Corp decided...

  • Earnings next test for stocks after market wipeout Friday, 17 Apr 2015 | 4:29 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.

  • In the best-known annual study of data breaches, a report from Verizon Communications Inc to be released on Wednesday found that more than two-thirds of the 290 electronic espionage cases it learned about in 2014 involved phishing, the security industry's term for trick emails. Because so many people click on tainted links or attachments, sending phishing...

  • April 10- Security software maker Symantec Corp has been seeking buyers for its storage software business, Veritas, or the entire company for several months, sources familiar with the matter said. Symantec has approached NetApp Inc, EMC Corp and several private equity firms to gauge their interest, the people said, asking asked not to be identified as the...

  • Goldman's top picks Tuesday, 7 Apr 2015 | 2:11 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Brian Sullivan and Dom Chu will list the top 40 cheapest stock picks from Goldman Sachs.

  • Traders see rally in this former high flyer Monday, 6 Apr 2015 | 11:24 AM ET

    Some traders are betting on a big rally in NetApp.

  • NEW YORK/ BOSTON, April 2- Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman's Pershing Square and Jeffrey Ubben's ValueAct, according to people with knowledge of the matter. International Business Machines Corp is...

  • NEW YORK/ BOSTON, April 2- Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman's Pershing Square and Jeffrey Ubben's ValueAct, according to people with knowledge of the matter. International Business Machines Corp is...

  • Why Q1's worst stock may fall even further Tuesday, 31 Mar 2015 | 5:01 PM ET
    SanDisk cards

    The stock is still no bargain, analysts and traders say, and no turnaround is seen soon.