EMC Corp


  • 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...

  • Symantec exploring breakup of company: Report Wednesday, 8 Oct 2014 | 8:07 AM ET
    Steve Bennett of Symantec, October 30, 2013.

    Symantec is in advanced talks to split its business in two—one that sells security programs and one that does data storage, Bloomberg reported.

  • Oct 7- Security software maker Symantec Corp is in advanced talks to split its business into two entities- one that sells security programs and another that does data storage, Bloomberg reported, citing people with knowledge of the matter. "The company does not comment on rumors," Symantec spokeswoman Kristen Batch told Reuters in an email. A breakup may position...

  • Flash-storage player SolidFire raises $82 million Tuesday, 7 Oct 2014 | 9:00 AM ET

    SolidFire and rivals such as Pure Storage are taking on companies such as EMC and NetApp that built their reputations on disk-based storage. Greenspring Associates, an Owings Mill, Maryland- based fund, led the financing round with Silicon Valley Bank and an unnamed sovereign wealth fund. Existing investors NEA, Novak Biddle, Samsung Ventures and Valhalla...

  • Early movers: SODA, DNKN, AMZN, T, MCD & more Tuesday, 7 Oct 2014 | 8:00 AM ET
    Traders work the floor of the New York Stock Exchange.

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

  • HP faces uphill battle with newly minted PC unit Monday, 6 Oct 2014 | 7:52 PM ET

    SEATTLE/ SAN FRANCISCO, Oct 6- Hewlett-Packard Co's Chief Executive Officer Meg Whitman appeared to be banking on growth markets like 3 D printing and a trickle back in PC sales when she announced on Monday a spin-off for the company's computer and printing business. Yet some questioned the move, expressing doubt over whether the newly christened " HP Inc" can...

  • 7 companies that could be the next to split: Pros Monday, 6 Oct 2014 | 6:58 PM ET

    Dan Ives of FBR Capital and the CNBC "Fast Money" traders discuss which companies could be next to split.

  • Your first trade for Tuesday Monday, 6 Oct 2014 | 6:02 PM ET

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

  • HP split: Death of the hardware superstore Monday, 6 Oct 2014 | 12:47 PM ET
    Ticker showing news of Hewlett-Packard planning to split into two companies, New York, Oct. 5, 2014.

    HP's breakup could end up being a good thing in the long run, but it won't fix the company's core issues.

  • Meg Whitman, CEO of Hewlett-Packard

    Computing giant Hewlett-Packard is close to breaking itself into two companies, following a months-long process during which it explored the sale of several business units, Re/code reports.

  • Oct 5- Silicon Valley stalwart Hewlett-Packard Co, which has struggled to adapt to the new era of mobile and online computing, plans to split into two companies as it looks to put more focus on the faster-growing corporate services market, according to a Wall Street Journal report on Sunday. Founded by Bill Hewlett and Dave Packard in a Palo Alto, California garage...

  • Your first trade for Monday Friday, 3 Oct 2014 | 5:30 PM ET

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

  • JERUSALEM, Oct 1- Within sight of Jerusalem's Old City stands a modernist building housing one of Israel's most successful venture capital firms, the backer of scores of start-ups over the past 20 years that have generated nearly $18 billion for investors.

  • Cisco's not buying EMC: CEO John Chambers Wednesday, 24 Sep 2014 | 11:40 AM ET
    Cisco CEO John Chambers

    Cisco CEO John Chambers shot down rumors Wednesday that his company was a possible buyer of computer storage company EMC.

  • Michael Dell on the state of PCs and going private Tuesday, 23 Sep 2014 | 5:59 PM ET
    Michael Dell

    A year after his company went private, Michael Dell talked about the PC business, whether he'll take Dell public again, and cloud startup valuations.

  • TEL AVIV, Sept 23- Israel's dedication to developing its defense capabilities has been extended to cyberspace in recent years, spawning an industry which has attracted a near four-fold increase in venture capital investment since 2010 as a growing overseas market for cyber security experts beckons.