VMWare CEO Patrick Gelsinger, discusses where his company fits in the Dell-EMC deal.» Read More
The fate of the market rally could well depend on the increasing pace of corporate earnings in the coming weeks.
"We're creating an unbelievable powerhouse of an enterprise company," Michael Dell tells CNBC.
NEW YORK— Dell is buying data storage company EMC for $67 billion in a huge bet on a segment of technology that has proven to be more profitable than the slumping personal computer market. EMC meanwhile has been shifting from a provider of data storage hardware such as on-premise data centers to offering a more comprehensive suite of products to businesses, from...
NEW YORK— Dell acquires data storage company EMC Corp. for about $67 billion.
Joe Tucci, EMC chairman & CEO, and Michael Dell, Dell chairman & CEO, discuss how they plan to make the transaction between the two companies work.
*The Fed is still likely to raise interest rates this year, unless global economic conditions push the U.S. economy off course, Fed Vice Chairman Stanley Fischer said on Sunday. *Quarterly reports for the financials sector will be in focus this week, with JPMorgan, Goldman Sachs, Bank of America, Wells Fargo and Citigroup reporting results. *S&P 500 companies are now...
Joe Tucci, EMC chairman & CEO, discusses the benefits of expanding its business in a private company like Dell and why there's value in combining the companies.
We will do our duty to get the best deal for the shareholders, says Joe Tucci, EMC chairman & CEO. And Michael Dell, Dell chairman & CEO, says there is no better combination in the industry.
Michael Dell, Dell chairman & CEO, and Joe Tucci, EMC chairman & CEO, discuss how the changing tech landscape is providing enormous opportunities ahead in IT.
This is about bringing together complimentary technologies, says Michael Dell, Dell chairman & CEO, discussing how Dell and EMC came to put together the mega tech deal, with Joe Tucci, EMC chairman & CEO.
EMC climbed after Dell said it would acquire the data storage company for $67 billion. Energy stocks slumped as the price of oil fell sharply following a report that showed OPEC members are keeping up production even after a big drop in prices over the last year. JPMorgan Chase, Intel and Johnson& Johnson are among companies that will publish their earnings in...
EMC is preparing to unveil an agreement to be acquired by Dell as early as Monday but also planning to seek out other suitors, according to sources.
The EMC-Dell deal could come as soon as early next week, the sources said. Dell would maintain control of VMWare in the transaction.
The EMC-Dell deal would be the largest tech deal ever and would make Elliot Mngmt. as a key transformative player in the industry
Sachin Shah, special situations and merger arbitrage strategist at Albert Fried and Company, reckons it's entirely possible for the Dell-EMC deal to go through.
Ivan Feinseth, chief investment officer at Tigress Financial Partners, says embattled hardware providers such as Dell expand into software services to remain competitive.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Domino's Pizza Inc., down $5.39 to $102.64. BioMed Realty Trust Inc., up $1.86 to $23.45.
*EMC up on report of buyout interest from Dell. A six-day rally in global stocks was checked as weak trade from Germany and factory data out of Japan added to worries about slowing global growth, a key reason the Fed did not raise rates last month. "Markets are just showing fatigue ahead of what will probably be our best look into just how close the September FOMC...
Dell's deal for EMC could be one on the largest leveraged buyouts ever, report's CNBC's David Faber.
Dell's offer to acquire EMC would be more than $27 per share, sources told CNBC on Thursday.