Even if it isn't a bubble, the tech sector has had a pretty big run, and it might be time to look at some cautious ways to target tech-stock returns.» Read More
*Raises offer to $21 per share from $19 per share. *Co could get offers worth $24 to $25 per share-analyst. Feb 25- Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc by 9 percent to $3.36 billion and said the company had ignored offers from other potential buyers.
Take a look at some of Thursday's midday movers:
Activist investor Elliott Management wants big changes at Juniper Networks, and momentum is building for the company to bend to the pressure.
Two of Hewlett-Packard's most powerful executives, until they were sidelined by CEO Meg Whitman, are preparing to leave the company soon.
NEW YORK/ SAN FRANCISCO, Feb 5- Two of Hewlett-Packard Co's most powerful executives, until they were sidelined by CEO Meg Whitman, are preparing to leave the company in the coming weeks, several sources say. Todd Bradley and Dave Donatelli have been interviewing for potential jobs for several months, four sources familiar with the situation said.
CNBC's Kate Kelly thinks companies will face more pressure from activist investors in the future.
Some of the names on the move ahead of the open.
In the past two weeks, Juniper's peers Riverbed Technology Inc and F5 Networks Inc have forecast current-quarter revenue above Wall Street estimates. Juniper forecast first-quarter adjusted profit of 27 cents to 30 cents on revenue of $1.12 billion to $1.16 billion.
Check out which companies are making headlines after the bell Thursday: Microsoft, Starbucks & More
Jan 23- Network gear maker Juniper Networks Inc's quarterly profit rose 59 percent due to higher spending by U.S. telecom carriers. Net income rose to $151.8 million, or 30 cents per share, in the fourth quarter ended Dec. 31, from $95.7 million, or 19 cents per share, a year earlier.
You could almost hear the bulls cheering on Wall Street as the S&P pared 2014 losses and then closed at an all time high.
Jan 15- Riverbed Technology Inc rejected hedge fund Elliott Management Corp's $3.08 billion offer, increasing pressure on the network gear maker to deliver on its turnaround plans.
Jan 15- Network gear maker Riverbed Technology Inc rejected hedge fund Elliott Management Corp's $3.08 billion takeover offer and estimated fourth-quarter results above expectations. Riverbed forecast first-quarter revenue of $262 million- $268 million, above analysts' view of $258.5 million.
CNBC's Jim Cramer says Intel's recent focus on mobile and wearable tech will help the company survive a weak PC market.
Paul Singer's Elliott Management Corp. is flexing its activist muscles this week and has plans for much more in 2014.
Jan 13- Hedge fund Elliott Management Corp urged network equipment maker Juniper Networks Inc to buy back shares, start paying a dividend and consider slimming down, less than a week after it offered to buy Juniper's rival, Riverbed Technology. The stock has been stuck in the $20 range for two years, a far cry from the high of $228.50 it hit during the dotcom boom.
Some of Monday's midday movers:
Jan 13- Juniper Networks Inc shareholder Elliott Management Corp urged the network equipment maker to buy back shares, cut costs and consider exiting some businesses to boost shareholder value. Juniper shares rose 10 percent to $25.95, their highest in more than two years, in early trading on the New York Stock Exchange on Monday.
Jan 13- Juniper Networks Inc shareholder Elliott Management Corp urged the network equipment maker to buy back shares, streamline its product line and cut costs to boost shareholder value. Elliott, which owns 6.2 percent of Juniper, said the company should repurchase $3.5 billion of shares.
Jan 8- Activist hedge fund Elliott Management Corp offered to buy Riverbed Technology Inc for about $3.08 billion in cash, a move analysts said was likely to trigger higher bids for the network equipment maker.