EMC Corp


  • Most active New York Stock Exchange-traded stocks Thursday, 29 Jan 2015 | 1:23 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AT&T Inc. was unchanged at $32.70 with 14,565,000 shares traded. Bank of America Corp. rose 1.0 percent to $15.35 with 45,663,700 shares traded.

  • Jan 29- Data storage equipment maker EMC Corp, which has been under pressure from activist investor Elliott Management Corp, forecast a lower-than-expected profit for the year and said it would cut jobs. EMC, which owns 80 percent of VMWare Inc, also said it expected to buy back up to $3 billion in shares this year. EMC comprises four main businesses- its core...

  • EMC tops 4Q profit forecasts Thursday, 29 Jan 2015 | 8:13 AM ET

    HOPKINTON, Mass. _ EMC Corp. on Thursday reported fourth-quarter earnings of $1.15 billion. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. EMC shares have declined 11 percent since the beginning of the year, while the Standard& Poor's 500 index has decreased roughly 3 percent.

  • Jan 28- Data storage equipment maker EMC Corp reported a 12 percent rise in quarterly profit as customers spent more on software-defined data centers. Net income attributable to EMC shareholders rose slightly to $1.14 billion, or 56 cents per share, in the fourth quarter ended Dec. 31 from $1.02 billion, or 48 cents per share, a year earlier. Revenue rose to $7.04...

  • Jan 27- Virtualization software maker VMware Inc's adjusted profit beat the average analyst estimate for the eighth straight quarter due to strong demand for its products that help cut the cost of moving data to the cloud. VMware, like rival Citrix Systems Inc, makes software that enables the creation of a virtual machine that act like a real computer with an...

  • Jan 27- Virtualization software maker VMware Inc reported better-than-expected quarterly revenue and profit, on strong demand for its products that help cut the cost of moving data to the cloud. VMware, like rival Citrix Systems Inc, makes software that enables the creation of a virtual machine that act like a real computer with an operating system, helping...

  • The storm has led to the postponement of at least two conferences and quarterly results of several companies, including EMC Corp. The New York Stock Exchange, Intercontinental Exchange Inc, Nasdaq OMX Group Inc and BATS Global Markets were open on Monday and expect to be open on Tuesday. JPMorgan Chase& Co Closed New York. New York and as Ocean City, New Jersey and...

  • Informatica shares closed $2.61 higher on Monday, up 6.8 percent, at $41.04 per share. Informatica, which is based in Redwood City, California, competes in the middleware software market with Tibco, a company that went private in September in a $4.3 billion sale to Vista Equity. It has pushed for changes or a sale at enterprise technology companies such as EMC Corp,...

  • Jan 26- Activist investor Elliott Management disclosed an 8 percent stake in enterprise software maker Informatica Corp in a filing on Monday and may push for the company to be sold, according to a person familiar with the matter. Informatica, which is based in Redwood City, California, competes in the middleware software space with Tibco, a company that went...

  • As Box prepares IPO, rivals want its business Thursday, 22 Jan 2015 | 11:33 AM ET
    Box CEO Aaron Levie

    As Box's CEO Aaron Levie prepares to take his company public, he knows there are many rivals, public and private, gunning for his business.

  • These stocks are big State of the Union winners Wednesday, 21 Jan 2015 | 9:55 AM ET
    President Barack Obama delivers the State of the Union address on January 20, 2015 in the House Chamber of the U.S. Capitol in Washington, DC.

    While most of the initiatives mentioned in the State of the Union speech face large partisan headwinds, both parties should rally behind one statement.

  • Here’s what helped Sony’s hackers break in Tuesday, 20 Jan 2015 | 11:10 AM ET
    A sign outside Sony Pictures Entertainment in Culver City, Calif., December 19, 2014.

    The hackers behind the Sony attack exploited a previously undisclosed software vulnerability that gave them unfettered access, Re/code reports.

  • Midday movers: SanDisk, Chevron, Google & more Monday, 12 Jan 2015 | 12:42 PM ET

    Some of Monday's midday movers:

  • Activist Elliott reaches standstill agreement with EMC Monday, 12 Jan 2015 | 10:43 AM ET

    Jan 12- EMC said on Monday that activist investor Elliott Management Corp will vote for EMC's proposed directors as part of a standstill agreement with the data storage company prohibiting the hedge fund from agitating the company until September. Since October 2014, Elliott has been publicly pushing data storage maker EMC to spin off its VMware software...

  • TEL AVIV, Jan 7- 83 North has raised a $200 million fund to invest in consumer and enterprise technology companies led by European and Israeli entrepreneurs, the venture capital firm said on Tuesday. In the first two funds, it backed more than 30 companies including Germany's Hybris Software, which was acquired by SAP in 2013; ScaleIO, which was bought by EMC Corp; and...

  • IBM says cloud business enjoying "breakthrough year" Wednesday, 17 Dec 2014 | 4:00 PM ET

    LONDON, Dec 17- IBM aims to expand the number of data centres it offers clients around the world by 25 percent to meet fast-rising demand for internet-based services, after what a company executive said has been a "breakthrough year" in 2014 for its cloud computing business. IBM has quadrupled the number of cloud data facilities it offers around the world to 49 in...

  • Oracle needs to reach for the cloud: Analyst Wednesday, 17 Dec 2014 | 11:13 AM ET
    A sign in front of Oracle’s headquarters is shown in Redwood Shores, Calif.

    Oracle will report earnings after the bell Wednesday. Rick Sherlund, managing director at Nomura Securities, previews the numbers.

  • Big hedge funds win again on PetSmart, Riverbed Monday, 15 Dec 2014 | 3:36 PM ET

    Elliott and JANA are set to gain on the buyouts of Riverbed and PetSmart that they pushed for.

  • UPDATE 1-NetApp profit falls on lower sales to OEMs Wednesday, 12 Nov 2014 | 6:09 PM ET

    Nov 12- Data storage equipment maker NetApp Inc reported a 4 percent fall in quarterly profit, hurt by lower sales to original equipment manufacturers, and forecast a third-quarter profit below market estimate. The company's OEM business includes revenue from the sale of NetApp's products by other companies under their brands, including IBM Corp and Fujitsu...

  • Einhorn: I'm adding to 'bubble' shorts like Amazon Wednesday, 5 Nov 2014 | 12:44 PM ET
    David Einhorn, president of Greenlight Capital Inc.

    Greenlight Capital founder David Einhorn is tweaking his bets after losing money in a "frustrating" third quarter.