Some of the names on the move ahead of the open.» Read More
Dec 1- Buyout firms KKR& Co LP, Thoma Bravo LLC and Vista Equity Partners Management LLC are competing for $4 billion worth of Dell Inc's assets, people familiar with the matter said, as the computer maker steps up asset sales. Divesting these assets would help Dell bolster its balance sheet after it agreed in October to buy data storage company EMC Corp for $67...
The three-year Thanksgiving week winning streak on Wall Street remains in play. The stock market will be closed tomorrow for Thanksgiving Day, and open for just a half day on Friday.
Nov 24- EMC Corp, in a bid to boost shareholder support for its sale to Dell Inc, will retain a majority stake in Virtustream and abandon a plan to place the loss-making cloud services provider in a joint venture with VMware Inc, people familiar with the matter said. The move is aimed at lifting VMware's shares, which have lost about a quarter of their value since...
Nov 18- NetApp Inc reported a quarterly profit that beat analysts' estimates, as the company's cost-control measures and a shift to cloud-based storage products begin to yield results. NetApp faces strong competition from EMC Corp, which is being bought by Dell Inc in a $67 billion deal, and newer flash-based storage vendors such as Nimble Storage Inc..
*Apple falls as Credit Suisse reports components order cut. *China faces persisting deflationary pressure in Oct. Nov 10- U.S. stocks were lower on Tuesday, dragged down by Apple, as investors braced for an interest rate hike by the Federal Reserve next month and worried about weakening demand in China.
Dell's ambitious plan to take over storage giant EMC may face a tax burden that could derail the deal. Re/code reports.
Dell insiders are worried the deal could trigger a huge tax bill, reports CNBC's Dominic Chu.
Amit Midha, president of Asia Pacific & Japan at Dell, discusses the company's strategy.
CNBC senior markets commentator Michael Santoli explains why dealmaking is accelerating as 2015 ends and which buyout may be next.
NEW YORK, Nov 2- Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp, according to people familiar with the matter. Dell, which will assume $49.5 billion of debt once the merger with EMC is completed, has communicated the plan to credit rating agencies in...
Some of the names on the move ahead of the open.
U.S. stock futures were higher this morning, as historically-bullish November trading begins after traditionally-bearish October turned in the best month in four years.
Cisco's new CEO Chuck Robbins is picking up where John Chambers left off, announcing three acquisitions in three days.
A hot sports car stock could leave a group of blue chips in its dust, as traders watch earnings reports to see if corporate profits are cooling.
Oct 20- Virtualization software maker VMware Inc forecast current-quarter revenue largely below Wall Street's estimates, sending its shares down 5 percent in extended trading. VMware, whose parent EMC Corp is being acquired by Dell Inc in a $67 billion deal, said EMC and Dell have committed to support the company's independent partnering strategy.
Jayson Nolan, IT hardware senior analyst at Robert W Baird and Company, discusses the post- Dell and EMC merger impact on VMware's float operating independence.
Check out the companies making headlines after the bell Tuesday: Chipotle, Yahoo, iRobot & more.
VMware parent EMC Corp is being bought by Dell Inc in a $67 billion deal. EMC shareholders will also get a special stock that tracks VMware's shares. EMC owns about 80 percent of VMware.
Oct 20- VMware Inc reported quarterly revenue that beat analysts' estimates as demand rose for its virtualization software that helps cut the cost of moving data to the cloud. Revenue rose to $1.67 billion in the third quarter ended Sept. 30, from $1.52 billion a year earlier. VMware's numbers on Tuesday were in line with the preliminary estimates made public on...
IBM needs to see a turnaround in its software business first and foremost, Toni Sacconaghi said.