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EMC Corp

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  • Most active New York Stock Exchange-traded stocks Wednesday, 22 Oct 2014 | 1:18 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alcoa Inc. fell 1.4 percent to $16.12 with 27,031,800 shares traded. Bank of America Corp. fell 1.2 percent to $16.40 with 84,020,900 shares traded.

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit and revenue forecast, hurt by lower bookings at its VMware Inc unit and a strong dollar. Shares of EMC, which is under pressure from activist investor Paul Singer's Elliott Management Corp to spin off VMware, fell as much as 4 percent in early trading. The unit, owned 80 percent by EMC, forecast...

  • VCE, set up in 2009 as a one-stop shop for data centers, bundles Cisco's networking equipment and servers with EMC's storage gear and software from EMC's virtualization software unit VMware Inc.. Reports of EMC and Cisco encroaching on each other's turfs had sparked speculation that the partnership was fraying. "We view the Cisco/ VCE news as a' yawner' given that...

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit forecast as it joins other companies affected by a surge in dollar that crimps demand for U.S. exports and reduces the value of overseas sales when translated back into dollars. EMC's shares were down about 1 percent in premarket trading. EMC also cited the timing of its $3 billion share...

  • EMC Corp's quarterly revenue rises 9 pct Wednesday, 22 Oct 2014 | 7:07 AM ET

    Oct 22- EMC Corp's quarterly revenue rose about 9 percent mainly due to higher sales of its data storage products in the United States. Net income attributable to EMC shareholders rose slightly to $587 million, or 28 cents per share, in the third quarter ended Sept. 30 from $586 million, or 27 cents per share, a year earlier. Revenue rose to $6.03 billion from $5.54...

  • EMC misses 3Q profit forecasts Wednesday, 22 Oct 2014 | 7:06 AM ET

    HOPKINTON, Mass. _ EMC Corp. on Wednesday reported net income of $587 million in its third quarter. EMC expects full-year earnings to be $1.90 per share, with revenue expected to be $24.5 billion. EMC shares have climbed 8 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 5 percent.

  • Oct 21- Software maker VMware Inc forecast current-quarter revenue largely below Wall Street's estimates due to a delay in the closing of a large U.S. government deal and lower bookings in Germany, Russia and Japan in the third quarter. VMware, which activist investor Elliott Management Corp wants separated from parent EMC Corp, makes software that creates a...

  • Oct 21- VMware Inc, bucking the trend of weak results from other software makers, reported a better-than-expected quarterly adjusted profit, helped by demand for its software that helps store data more efficiently and cut IT costs. VMware's shares were down 1.5 percent in after-market trade. Excluding items, VMware earned 87 cents per share in the third quarter...

  • Oct 15- Hewlett-Packard Co said it would resume its share repurchase program, a day after sources told Reuters that the company had ended merger talks with data storage products maker EMC Corp.. The end of the talks to merge two of the tech industry's largest enterprise-oriented firms may force EMC to review its stake in VMware Inc- the other option besides a...

  • Oct 15- Hewlett-Packard Co said it would resume its share repurchase program, a day after sources told Reuters that the company had ended merger talks with EMC Corp. Shares of the company were up as much as 3 percent at $33.24 in premarket trading, while EMC's shares were marginally down at $27.28. HP, which has not acknowledged it was in talks with EMC, said it was...

  • HP to resume share repurchase program Wednesday, 15 Oct 2014 | 8:35 AM ET

    Oct 15- Hewlett-Packard Co said it would resume its share repurchase program, a day after sources told Reuters that the company had ended merger talks with EMC Corp.

  • Your first trade for Wednesday Tuesday, 14 Oct 2014 | 6:36 PM ET

    The "Fast Money" traders share their final trades of the day.

  • Andreessen expects more split-ups, knocks Icahn Wednesday, 8 Oct 2014 | 6:57 PM ET
    Marc Andreessen

    More Silicon Valley companies will likely split in the next five years, Marc Andreessen says.

  • What Whitman is telling analysts about the split-up Wednesday, 8 Oct 2014 | 2:54 PM ET
    Meg Whitman, CEO of Hewlett-Packard

    Company executives told analysts Hewlett-Packard may see an acquisition post-split, reports Re/Code.

  • Wednesday's midday movers: Sears, GoPro & more Wednesday, 8 Oct 2014 | 12:38 PM ET
    Traders work on the floor of the New York Stock Exchange, Oct. 2, 2014.

    Take a look at some of Wednesday's midday movers:

  • Oct 8- Activist investor Elliott Management Corp is urging data storage products maker EMC Corp to spin off its VMWare Inc virtualization software unit or pursue other merger opportunities in its first public letter to the company. EMC's structure of combining several businesses obscures enormous value, Elliott Management said in a 13- page letter that it...

  • Elliott goes public on EMC position: Faber     Wednesday, 8 Oct 2014 | 9:46 AM ET

    CNBC's David Faber reports the details of Elliott Management's letter to EMC about spinning off VMware, and explains Hewlett-Packard's interest in EMC.

  • Faber Report: Allergan news & noise     Wednesday, 8 Oct 2014 | 9:38 AM ET

    CNBC's David Faber reports the latest on Valeant's bid for Allergan, and how Actavis pushed Valeant to raise their bid.

  • Elliott Management presses EMC to spin off VMware Wednesday, 8 Oct 2014 | 9:37 AM ET
    Joseph 'Joe' Tucci, chairman and chief executive officer of EMC Corp., speaks during the Oracle OpenWorld 2013 conference in San Francisco, California.

    Paul Singer's Elliott Management fired off a letter to EMC to push again for a spinoff of VMware, saying "the benefits ... are enormous."

  • Activist investor Elliott urges EMC to spin off VMWare Wednesday, 8 Oct 2014 | 9:31 AM ET

    Oct 8- Activist investor Elliott Management Corp has urged data storage products maker EMC Corp to spin off its VMWare Inc virtualization software unit. EMC's federation structure obscures enormous value, Elliott Management said in a letter to the company's board. EMC's "federation strategy" comprises three businesses- its core data-storage unit, VMware and...