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EMC Corp

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

    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
    PetSmart and Riverbed Technologies

    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.

  • BANGALORE, Nov 5- Nutanix, which builds server and storage systems, expects to file for an initial public offering in the United States within nine to 12 months, provided the wider economy is in good health, the company's chief executive said. The San Jose, California- based company counts the U.S. Army, Starbucks Corp and eBay Inc among the thousand-plus customers...

  • Inside baseball: The 'Moneyball' stock method Sunday, 26 Oct 2014 | 9:00 AM ET
    Kansas City Royals’ Billy Butler (16) hits an RBI single in the sixth inning against the San Francisco Giants during Game 2 of the 2014 World Series in Kansas City, Mo.

    Here's where the stock market and baseball meet, just in time for the World Series as well as a likely volatile time ahead on Wall Street.

  • SEATTLE, Oct 23- Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins intact. "In light of recent negative earnings results from tech bellwethers Oracle, IBM, SAP, VMware, and EMC, Microsoft is bucking the trend and we...

  • UPDATE 1-Microsoft sales beat Street hopes, shares rise Thursday, 23 Oct 2014 | 4:37 PM ET

    SEATTLE, Oct 23- Microsoft Corp reported higher-than-expected revenue for its fiscal first quarter on Thursday, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins intact. "In light of recent negative earnings results from tech bellwethers Oracle, IBM, SAP, VMware, and EMC,...

  • 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...

  • Early movers: BA, DOW, SWK, TSLA, YHOO Wednesday, 22 Oct 2014 | 8:41 AM ET
    A trader works on the floor of the New York Stock Exchange.

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

  • 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...

  • 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...

  • Cramer Remix: Time your Apple picking Friday, 17 Oct 2014 | 7:36 PM ET

    Mad Money host Jim Cramer makes a call on Apple ahead of its report and many more, including buys in the investable market bottom